Turnip raises $1.63 million seed funding

Mumbai: Mobile gaming streamer Turnip Media Pvt Ltd on Thursday said it has raised $1.63 million (around Rs 12 crore) in a seed round of funding led by Elevation Capital (formerly SAIF Partners).

Early-stage venture firm Better Capital also participated in this round, said Turnip in a statement.

The company plans to use the funds to expand its reach gaming communities and hire people, the statement added.

Turnip was founded in April 2020 by Pooja Dubey and Aditya Sharma, both graduates of IIT Guwahati. This is not their first entrepreneurship stint.

Turnip is now a 12-member team. Its other members have previously worked at CureFit, Razorpay, Google, Spotify, Flipkart, Rivigo, Paytm and Swiggy.