The Indian esports and gaming content material platform Rooter has introduced an a brand new spherical of funding, backed by enterprise capital agency Lightbox, valued at $16 million.
The funding spherical, which consists of a mixture of mortgage and fairness capital, can be used to develop the enterprise’s technological capabilities. Aiming to offer a platform just like Twitch however for cellular video games, Rooter is among the most well-known streaming and gaming platforms in India.
Seven new traders, together with Trifecta Capital, Pivot Ventures, and others, joined former traders, resembling Aim Ventures and Duane Park Ventures, within the newest financing spherical.Rooter states that the agency would make the most of the cash to enhance buyer expertise on its platform, enhance its vary of products, and enhance its capabilities in expertise. Moreover, it is going to be searching for methods of rising globally and in new markets, together with potential strategic acquisitions.
Moreover, the cash can be utilized to work along with Indian esports groups and organizations together with technological companions that may help Rooter’s infrastructure develop. Rooter is a accomplice of GodLike Esports, one in every of India’s main esports groups.
In accordance with a press launch, Rooter will probably think about different nations within the MENA and Southeast Asia areas which have a big variety of cellular avid gamers sooner or later, including that these two areas are essential targets for doable enlargement.
Rooter’s founder and CEO, Piyush Kumar, shared his ideas on the funding: