Mobile game developer and publisher, Nazara Technologies has announced the first investment from its Rs.10 crore Game Fund in Bangalore based cross platform social gaming start-up, HashCube.
Nazara Technologies has led this Series A round of investment in which HashCube has raised Rs.4.2 crore overall with participation from Perry LaForge, Ah Ventures and existing investors Indian Angel Network and Blume Ventures.
HashCube is a cross-platform social gaming company, with titles on Facebook and Mobile. The company’s flagship title, Sudoku Quest, is the most popular Sudoku game on Facebook and one of the biggest social game titles to come out of India, having been played by over 2 million users.
The Nazara Game Fund aims to support young mobile gaming start-ups. Through this fund, the company plans to invest in promising early stage gaming studios with investments ranging anywhere from Rs.25 lakh to Rs.2 crore.
In addition to the funds, Nazara Technologies will also commit its expertise to help these start-ups expand their capabilities and create high quality mobile games. This initiative is a first of its kind in the mobile gaming industry and is a testimony to Nazara’s commitment to nurturing an ecosystem for mobile gaming in India.
Nazara will work closely with Hashcube in guiding them while developing the upcoming games in their Quest mobile game series, the first of which was Sudoku Quest. Additionally, Nazara will also deploy its distribution networks to market these games globally.