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Mayhem Studios gets funding from Lumikai

An interactive media and gaming focused venture fund, Lumikai, is backing AAA game developer Mayhem Studios as it prepares to launch its flagship battle royale title, Underworld Gang Wars.

by MN4U Bureau
July 26, 2024
in Media
Reading Time: 2 mins read
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Mayhem Studios gets funding from Lumikai
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Bengaluru: Mayhem Studios, Bengaluru-based developer of AAA mobile games, has secured investment from Lumikai, an interactive media and gaming focused venture fund.

Mayhem Studios is creating Underworld Gang Wars (UGW), an AAA battle royale game infused with Indian culture. The game includes Indian locations, characters, and elements, providing players with an authentic experience.

Salone Sehgal, Founding General Partner, Lumikai said, “We’re thrilled to join forces with Mayhem as they redefine the battle royale genre with Underworld Gang Wars. Their vision for a truly Indian experience and building world class gaming IPs out of India aligns perfectly with our belief in the potential of India’s video gaming industry to captivate global audiences. We’re excited to fuel their journey and bring a truly promising project to life.”

Mayhem Studios plans to use the new capital to grow operations, speed up game development, expand the team, and improve technology. Current investors comprise Peak XV Partners (formerly Sequoia India), Steadview Capital, Truecaller, Hashed Emergent, Base Partners, and Moore Strategic.

Ojas Vipat, CEO, Mayhem Studios, said, “Lumikai’s investment is a significant endorsement of what Mayhem Studios is building. Their extensive industry knowledge and expertise will be invaluable as we strive to elevate India’s gaming industry on the global stage.  Underworld Gang Wars is just the beginning of our ambitious vision to create world-class games that resonate with players worldwide. We are committed to nurturing Indian gaming talent and showcasing the country’s creative prowess.”

Mayhem Studios exited closed beta in May and is prepping for open beta with 7.5 Million registrations. The game blends Indian culture and battle royale to captivate gamers nationwide. UGW transports players to dynamic Indian locations, offering a range of weapons. Players can pick traditional Indian arms and vie to dominate against two rival gangs, The Velvets and The Bhokal Toli, enhancing the competitive gameplay.

Tags: Base PartnersHashed EmergentLumikaiMayhem StudiosOjas VipatSalone SehgalSteadview CapitalTruecallerUnderworld Gang Wars

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