Lumikai, a gaming and media-focused fund, has announced the launch of its second offering with a target corpus of $50 million. The fund aims to invest in early-stage and growth-stage companies operating in the gaming, interactive media, and digital entertainment sectors in India.
Lumikai focuses on supporting innovative startups and entrepreneurs who are driving the growth of the gaming and media industry in India. The fund provides capital, mentorship, and strategic support to help these companies scale their businesses and tap into the growing market opportunities.
The gaming and media sectors in India have been experiencing rapid growth in recent years, driven by factors such as increasing smartphone penetration, affordable internet access, and a growing user base of gamers and digital media consumers. Lumikai’s second offering aims to capitalize on this trend and contribute to the development of the gaming and media ecosystem in India.
The fund will likely invest in startups involved in various segments of the gaming and media industry, including game development studios, esports platforms, content creators, streaming platforms, virtual reality (VR) and augmented reality (AR) technologies, and other related areas. By providing financial support and industry expertise, Lumikai aims to help these companies succeed and create a positive impact on the Indian gaming and media landscape.