Mech Mocha Raises USD 5 million Series A Funding from Accel Partners, Shunwei Capital, Blume Ventures
|Mech Mocha founders: (From left) Arpita Kapoor, Shilp Gupta, Mohit Rangaraju|
- After global investments in Rovio (‘Angry Birds’) and Supercell (‘Clash of Clans’), Accel Partners invests in Bangalore-based gaming start-up Mech Mocha
- Shunwei Capital’s investments in Mech Mocha follows focus on disruption-led tech start-ups in India
- In December 2015, Mech Mocha raised $1 million seed round funding led by Blume Ventures and Flipkart
Mech Mocha, an India-focused Bangalore-based mobile gaming start-up, today announced that it has raised $5 million Series A funding led by Accel Partners and Shunwei Capital and with participation from existing investor Blume Ventures. Mech Mocha will deploy the funds to develop and launch new mobile-gaming titles across the casual and mid-core gaming categories, targeted at Indian audience. In December 2015, the start-up raised $1 million seed round funding led by Blume Ventures and Flipkart.
Mech Mocha’s first game – Chhota Bheem Himalayan Game frequently ranks No 1 game on Google Play Store. With the game being played by over 4 million Indians, the startup has a proven track record of thinking local but executing at global standards. Mech Mocha is exploring partnerships with global gaming companies to release their blockbuster gaming titles in India. Mech Mocha is leveraging its Indian market insights and in-house technology platform to culturalise narratives and customize gameplay for the Indian audience. The start-up continues to heavily invest in an integrated technology platform with cutting-edge capabilities in behavioural analytics, multiplayer, LiveOps, and monetisation.
“We are delighted to have Accel Partners and Shunwei Capital as investors in Mech Mocha. Globally Accel has a wealth of experience in the gaming space with investments in Supercell and Rovio. With Shunwei, we aim to learn from the massive Chinese gaming market and introduce Chinese mobile games to the Indian audience,” says Arpita Kapoor, CEO, and Co-founder, Mech Mocha.
“Over the past one year, we have seen Arpita and the team at Mech Mocha produce some hugely impressive work. It is our strong belief that Mech Mocha has all it takes to become the leader in the Indian mobile gaming space. We are excited to be a part of their journey to connect with and to entertain millions of Indians,” says Prayank Swaroop, Principal at Accel Partners.
“The Indian mobile gaming sector is growing at a fast pace and holds great opportunity. Mech Mocha has taken the lead in this space and we are happy to be a part of their growth journey. We hope to share our experience in China and use it to create new opportunities for Mech Mocha in India,” says Tuck Lye Koh, Founding Partner & CEO, Shunwei Capital.
“Since we backed Mech Mocha last year, they have attracted some of the best minds to their team including key senior folks. Mech Mocha is a classic example of a solid team in a market that is yet to explode and we are confident of their success,” says Karthik Reddy, Blume Ventures.About Mech Mocha
Founded by IIIT Gwalior graduates Arpita Kapoor, Mohit Rangaraju and Shilp Gupta, Mech Mocha focuses on creating high-quality mobile games for the millions of Indians coming online due to the smartphone revolution. Their first game, Chhota Bheem Himalayan Game is loved by a community of over 4 million players in India and has frequently ranked the No. 1 game on Google Play. Mech Mocha now has a team of 30+ highly talented artists and engineers who have previously worked on highly regarded games and movies at EA, Zynga, Disney and DreamWorks. Last year, Aditya Jalan – ex-AVP, Product at Myntra and Zomato – joined the team to lead product development.
Website – www.mechmocha.com
Link to Game on Google Play Store –
Accel is a leading early and growth-stage venture capital firm powering a global community of entrepreneurs. Accel backs entrepreneurs who have what it takes to build a world-class, category-defining business. Founded in 1983, Accel brings more than three decades of experience building and supporting hundreds of companies. Accel has backed a number of iconic global platforms, including Atlassian, BookMyShow, Facebook, Flipkart, FreshDesk, Myntra, Ola-Taxiforsure, Rovio, Slack, Spotify, Supercell, and others. For more information, please visit us at accel.com, or on facebook.com/accel
About Blume Ventures
Blume Ventures is an early stage venture fund that backs startups with both fundings as well as active mentoring and support. Our journey began in 2010 with our founding partners having met and being active in one of India’s first institutional angel networks, the Mumbai Angels. Currently on our second Fund, we back startups through multiple rounds including seed, angel and pre-Series A, leading up to follow-on institutional rounds from larger reputed VCs. We have almost consistently been the most active early stage Indian VC since 2011, funding more than 20 companies per year. Our portfolio consists of more than 70 active companies and we count over 150 high-potential founders.
Shunwei Capital is a premier Chinese venture capital firm specializing in early to growth stage investments in founders and disruptive business models in mobile Internet, IoT, Fin-Tech, Ed-Tech, artificial intelligence and robotics. Shunwei’s investment portfolio includes Xiaomi, Ninebot (Segway), YY, 51Talk, iQiyi, Misfit, Patsnap, DXY, and 17zuoye. Shunwei Capital was founded in 2011 by Jun Lei (also the founder of Xiaomi) and Tuck Lye KOH. It currently manages over USD 2 billion in funds under management.