Mech Mocha raises $5 million to develop new games

Mech Mocha, the gaming startup, has raised $5 million in a series A round of funding led by Accel Partners and Shunwei Capital, including the existing investor Blume Ventures. It last raised $1 million in seed-stage funding from e-commerce marketplace Flipkart and Blume Ventures in Dec’15. Founded by Arpita Kapoor, Mohit Rangaraju and Shilp Gupta, it is expected to use the capital for developing new games on the platform after its first game “Chhota Bheem Himalayan” became an overnight hit.

The gaming industry in India, currently a $540 million market, is estimated to grow at a CAGR of 6.6% and reach $800 million by 2022 on the back of rising smartphone and
internet penetration in the country.

Arpita Kapoor, one of the founder of Mech Mocha, said that “Tt uses market data analysis and in-house technology to culturalise narratives and customize gameplay for Indian audiences. It continues to invest in an integrated technology platform with capabilities in behavioral analytics, multiplayer and monetization”. Additionally, he mentioned about the intention of sharing knowledge from its investor’s experience, he said that “Globally, Accel has a wealth of experience in the gaming space with investments in other gaming start-ups such as Supercell and Rovio. With Shunwei, we aim to learn from the massive Chinese gaming market and introduce Chinese mobile games to the Indian audience”.