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Private Equity | 27 March 2012

Nirvana Venture Advisors Acquires 10% In Games2Win

by Charmi Gutka
Nirvana Venture Advisors Acquires 10% In Games2Win
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@Nirvana_Venture has acquired 10% stake in online gaming company - Games2Win from it's early stage investors - Nexus Venture Partners and @ICICIVentureFundss. Some senior employees of the company have also sold some shares to the new investor.

As part of the transaction, Amit Patni, co-founder of Nirvana Venture Advisors, will join the Games2win Board.

Founded in 2007 by Alok Kejriwal and Mahesh Khambadkone, @Games2win Private Limited had raised $5.5 Mn in Series A funding from Clearstone and Silicon Valley in 2007. It then raised Series B funding of $6 Mn from existing investors @ClearstoneVenture and Silicon Valley Bank (SVB India Capital Partners) in March'11.

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