Blume Ventures, First Light And Unitus Seed Fund Invest In MadRat Games
Blume Ventures, Unitus Seed Fund and First Light Ventures has invested an undisclosed amount in MadRat Games Private Limited, that offers online and mobile Indian language learning game called – Aksharit, As stated by Medianama.
However, according to nextbigwhat.com, the startup has raised more than $500,000 from the three investors.
Founded in 2008 by three IIT graduates - Rajat Dhariwal, Madhumita Haldar and Manujh Dhariwal, MadRat Games has developed Aksharit, the game in an Indian language version of Scrabble.
The rules of the game are similar to the English version, yet the peculiarities of the Indian languages forced them to innovate and create an entirely unique set of gameplay mechanisms.
It is now available in all the 11 major Indian languages including Punjabi, Bengali, and Telugu. The game has reached 3000 schools in 1.5 yrs through four state govt partnerships. Also, digital versions have been launched in partnership with Nokia (on 5 Lakh touchphones), Intel (AppUp store) and Google (official partner for Chromebook’s India launch).
The team has taken a B2B approach to selling the boardgames, but has now started retailing the games at malls, i.e. approaching consumers directly.
MadRat has other games on similar lines and also have a math game in the pipeline which is set for release in the next quarter. The company has a team of 15 members and is developing apps for mobile and web, in addition to board games.
Recently in August, Educational games portal, BrainNook secured seed funding from Imagine K12. BrainNook is online educational games based on important concept in the critical foundational subjects of Math and English Grammar.
Indian Angel Network invested in HashCube Technologies, a social gaming platform provider.
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|2012-12-07||MadRat Games - Blume Ventures, First Light Ventures, Unitus Seed Fund||Venture Capital||
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|Blume Ventures||20||IT/ITES/Technology||www.blumeventures.com||Sanjay NathSridar IyengarDileep NathNandan MalusteAbdur ChowdhuryKarthik B Reddy|
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