MadRatGames Secures Funding From Founders of Flipkart, Pine Labs and GlobalLogic

Toys  & Games Company MadRat games has raised around $1 million in a round of funds from Sachin and Binny Bansal (founders of Flipkart). Other investors includethe founders of IT outsourcing firm GlobalLogic – Rajul Garg (Also Co-Founder of SunStone Business School), Manoj Agarwala, Sanjay Singh and Tarun Upadhyay.
The amount will be used mainly for branding, marketing and expansion.
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Since inception in 2010, the company has sold over 275,000 units and has partnered with Nokia, Google, Intel, Cornell & Government of India for original game development.  They have launched 70+ game titles in last year. The company earlier raised a round of funding in 2012 from Blume Ventures and First Light Ventures.

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