Your browser is currently blocking notification.
Please follow this instruction to subscribe:
Notifications are already enabled.

Sequoia Capital Invests $15 Mn In Mobile Gaming Startup Octro

Sequoia Capital Invests $15 Mn In Mobile Gaming Startup Octro

Delhi based mobile gaming startup Octro has raised $15 Mn in Series A funding round led by Sequoia Capital.

Octro was founded in 2006 by Saurabh Aggarwal and is behind the popular games like Teen Patti and Indian Rummy. Octro has been under the top five downloaded games across multiple categories on Google Play and has daily active user base of 2 Mn.

According to Avendus Capital Mobile games and apps are together estimated to become a Rs 2,700 Cr opportunity by 2016 and 25-30% of time spent on ad-supported traffic is on games in India, which showcases a huge opportunity in this segment.

A few other players in the mobile gaming in India include Nazara, Disney UTV, Hungama and Zapak. Earlier this year, GSN Games had acquired Bangalore based Bash Gaming for about $160 Mn.

Octro is the second venture of Saurabh Aggarwal, earlier he had founded PDAapps, the creator of VeriChat, a mobile IM solution which was acquired by Intellisync in 2005.


Team Inc42

Inc42 Staff

Inc42 Media is a digital media startup known for its end-to-end coverage of the Indian Startup Ecosystem. Inc42 has published 15,000+ stories so far and touch the lives of over 10 million people every month. Join us and be the part of the startup revolution.

Loading Next…

Upcoming Events