informa
1 min read
article

Indian Online Dev Kreeda Gets Major Investment

India-based MMO developer Kreeda Games has closed a round of investments thought to be somewhere under $10 million from IDG Ventures and SoftBank China & India Holdings to help fund the studio's locally focused online games, including Bollywood-soundtrack
According to a new India Times report, India-based MMO developer Kreeda Games has closed a round of investments, thought to be somewhere under $10 million from IDG Ventures and SoftBank China & India Holdings. The deal is to help fund the studio's online games, including forthcoming title Dance Mela. The VC groups have pegged the Indian online gaming market at a value on the order of $5.1 million dollars, said the India Times report. Kreeda's first title, Dance Mela is expected to be released in August, with a "complete Bollywood soundtrack," and expects to have "multi-millions" of subscribers by next year, as the firm expects the Indian online game market to expand majorly. Kreeda has no firm take on revenue models -- Dance Mela is said to be free to play, with monthly membership subscriptions, hourly charges, in-game advertising and in-game item sales planned for future games the developer says it will introduce when the market is "ready."

Latest Jobs

Studio Pixanoh LLC

Los Angeles, California
05.20.22
Combat Designer

Treyarch

Playa Vista, California or Vancouver, BC
05.20.22
AI Engineer

Question

Remote
05.20.22
Lead Level Designer (South Park)

Remedy Entertainment

Helsinki Metropolitan Area, Finland
05.23.22
Rigging Artist
More Jobs   

CONNECT WITH US

Register for a
Subscribe to
Follow us

Game Developer Account

Game Developer Newsletter

@gamedevdotcom

Register for a

Game Developer Account

Gain full access to resources (events, white paper, webinars, reports, etc)
Single sign-on to all Informa products

Register
Subscribe to

Game Developer Newsletter

Get daily Game Developer top stories every morning straight into your inbox

Subscribe
Follow us

@gamedevdotcom

Follow us @gamedevdotcom to stay up-to-date with the latest news & insider information about events & more