OnePlay onboarded Akshat Rathee as investor and advisor
The company did not disclose the financial terms of the deal
The onboarding will help OnePlay to penetrate the domestic as well as international lucrative gaming market
Cloud gaming startup OnePlay has roped in NODWIN Gaming’s cofounder Akshat Rathee as investor and advisor.
Although, the company did not disclose the financial terms of the deal, but said that with this move it is looking to penetrate the domestic as well as international lucrative gaming market.
Taking to LinkedIn, Rathee said, “We at Good Game Investments love the opportunity to back founders that are trying this out and are super proud to be backers of OnePlay.”
In 2014, Rathee founded Good Game Investments, an e-sports and gaming-focused VC fund. As per Tracxn, the VC fund has backed more than 15 startups including Stupa and Kuku FM till date.
“We believe that Rathee’s insights and strategic vision will be pivotal in driving innovation and shaping the future of gaming at OnePlay, as we strive to create unparalleled experiences for gamers in India and beyond,” said OnePlay’s cofounder Harshit Jain.
The development comes at a time when the startup claims to be expanding its gaming portfolio and strategic partnerships.
Founded by Jain and Abhik Saha in 2019, OnePlay is an open-source cloud gaming platform facilitating gamers with access to immersive gaming, within a hardware-agnostic framework. The company claims to have partnered with notable tech giants like Samsung to bring cloud-gaming experience to smart TVs.
The Mumbai-based startup counts Baring Capital and Inflection Point Ventures among its key investors.
It is pertinent to note that India’s gaming industry has been gaining a lot of traction from the investors lately.
For instance, gaming studio Funstop Games recently raised $5 Mn in its Series A funding round, led by 360 ONE Asset to expand its ad-tech capabilities, and grow its portfolio of games.
Similarly, gaming publisher Deftouch recently secured an undisclosed amount of funding in a round co-led by KRAFTON, T-accelerate Capital and existing investor Lumikai.The startup plans to deploy the capital to scale up its existing portfolio of games (King Of Cricket), develop new games and hire new talent.
Facebook parent Meta eyes its next big opportunity in India’s gaming, expecting the space to be worth almost $7.5 Bn and generate 250,000 jobs by 2025, said India MD Sandhya Devanathan in March.
