Web3 game startup Giga Fun Studios has completed a $2.4 million seed round financing, led by Lumikai Fund

ChainCatcher news, Indian Web3 gaming startup Giga Fun Studios announced the completion of a $2.4 million seed round financing, led by Lumikai Fund, with participation from Fireside Ventures, All In Capital, Kettleborough VC, Riverwalk Holdings, and angel investors including Zynga executive Krishnendu Mukherjee. The new funds will be used to set new standards for casual gaming for users in India and globally.

Lumikai stated that the reason for investing in Giga Fun Studios is its Web3 positioning aligns with the long-term strategy of the local gaming market. Analysis shows that Web3 has become one of the most popular technologies in the Indian gaming market, with 30% of the 450 Indian Web3 companies engaged in gaming. (source link)