Octro secures US$15M in Series A funding from Sequoia Capital
This comes soon after last week’s news on Sequoia raising its fourth India-focussed fund of US$530M. Octro has also launched mobile game TambolaBy Twishy Shahi 04 Jun, 2014
India-based gaming company Octro has received Series A round of funding of US$15 million from Sequoia Capital. This announcement comes after last week’s news on Sequoia Capital raising its fourth India-focussed fund of US$530 million.
Building on its portfolio of games, Octro has also launched Tambola (popularly known as Bingo in the region) as a mobile game.
Mohit Bhatnagar, Managing Director, Sequoia Capital said, “Indian games like Tambola, Teen Patti and Rummy (card games) have been a part of people’s lives for years. Octro has made these culturally-relevant games come to life on the mobile. We look forward to working closely with the team and leveraging our network to help the company scale greater heights.”
Games Teen Patti and Rummy have become very popular in India and are among the top five games in multiple categories on Google Play.
“Our games just work! The key to our success has been our robust technology platform that allows for fast gameplay. People simply love our games because we are re-imagining games that have existed in the offline world for years and making them available on the mobile for people to play anytime, anywhere ,” said Saurabh Aggarwal, CEO, Octro.