Lumikai led $5 M Pre-series A funding raised by gaming platform BuyStars
Lumikai, a firm with a focus on gaming and interactive media, led a $5 million pre-series A round of funding for the sports collectibles and gaming platform BuyStars. Leo Capital and Chiratae Ventures, two previous investors, also contributed to the round.
According to a press statement from the firm, the money will be used to launch new games on the platform and invest on platform growth. BuyStars has thus far raised $9 million, including $4 million in December 2021 from Chiratae and Leo Capital.
BuyStars, which was founded by Aman Satija and Sriram Krishnamoorthy, provides a variety of games like trump cards, fantasy sports, player trading, and more.
BuyStars states that since its start in 2021, it has added over 1.5 million registered users and generated a monthly GMV of over $1 million.
Several of India’s top game developers are supported by Lumikai, including Studio Sirah (mid-core strategic gaming studio), Loco (India’s top game streaming platform), Elo Elo (creator-led, social gaming, live streaming platform), and Bombay Play (developing worldwide hypersocial, cross-platform games).
