{
Playground Ventures Inc.

Companies

}
001122334455554433221100
001122334455554433221100

EloElo secures 13.3 million in series B funding for social gaming platform

EloElo, an Indian social gaming platform, has secured $13.3 million in a Series B funding round led by Play Ventures, with participation from other investors. The platform aims to capitalize on the growing trend of live streaming as a monetization strategy, despite facing significant losses of INR 99.06 crore in FY24. This funding comes amid a wave of consolidation in India's social media landscape, as platforms adapt to high user acquisition costs and seek to diversify revenue streams through interactive gaming and live content.
Tech in Asia
United States Dollar Indian Rupee Playground Ventures Inc. IND
Business & Industry, Market Report
07:42 08.04.2025

Appcharge Secures 26 Million to Enhance Direct-to-Consumer Gaming Solutions

Appcharge has secured $26 million in Series A funding to enhance its direct-to-consumer (DTC) platform for mobile games, addressing the growing demand for all-in-one payment solutions. The company aims to scale its white-label offerings, enabling studios to sell items and currency directly to players while supporting 500 payment methods and 80 currencies. CEO Maor Sason highlighted the industry's shift towards DTC models, driven by regulatory changes and rising user acquisition costs, ultimately benefiting both players and publishers.
VentureBeat
United States Dollar SuperCells USD Playground Ventures Inc. BITKRAFT Ventures Glilot Capital Moneta Ventures Carl Fritjofsson Maor Sason Show more
Technology & Innovation, News Article
21:05 25.11.2024
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