Matrix Partners India has recently invested in a mobile social gaming startup Red Monster Games India Private Limited which is building games focused on the India market. Red Monster will allocate the funding raised to build mobile social games for the India market across the Casino, Arcade, Casual and Invest Express categories.
This is the first round of institutional funding raised by Red Monster Games. The financial terms of the deal has been left undisclosed as of now.
Starting with casino games, Red Monster Games plans to expand into other genres of social gaming, including original IP-led games.
“We believe in the mobile gaming opportunity in India and it is an area where we plan to make multiple investments. We are excited about partnering with Kunal and Kiran in their journey to create a large social gaming company. We share their vision of creating world class products for Indian users and using innovative marketing strategies. Matrix Partners India continues to be bullish on the mobile internet space and will continue to make early-stage investments” said Vikram Vaidyanathan, Director, Matrix India.
Kunal Kapur, the co-founder and CEO, has experience in social gaming at Zynga. He has previously founded SnatchKing Online and is an alum of ISB and Carnegie Mellon His co-founder and CTO, Kiran Upadhya, has worked previously with Zynga and SupportSoft.