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Gaming deals up in '24: Lumikai's Sehgal
Mint Mumbai
|February 07, 2024
The gaming sector is poised to attract more investor attention in 2024, leveraging the burgeoning India consumer narrative, according to a top executive at Lumikai, a venture capital (VC) fund dedicated to gaming.
Salone Sehgal, founding general partner, Lumikai, observed an uptick in deal activity, saying that December 2023 was a particularly active month for investments, and said that Lumikai was in the process of finalizing follow-on rounds for two companies.
In one of the larger rounds in the space, live social entertainment platform Eloelo raised $22 million in funding late last year.
She pointed out India's standout growth and consumption trends amid a challenging global economic climate. “I feel that will drive a lot more investor interest, both strategic and financial," she said.
This story is from the February 07, 2024 edition of Mint Mumbai.
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