Atirat, a game development company, has raised an undisclosed amount of seed funding from Kalaari Capital for strengthening products, expand its team and prepare for the metaverse, a virtual-reality space where users can interact with a computer-generated environment and other users.
Mobile gaming is a $2.2 billion market in India, poised to reach $7 billion by 2025 growing at an astounding CAGR of 40%. An average Indian consumes over 8.5 hours of gaming content per week.
“While RMG and Casual Games have continued to do well, we are excited by the immense potential of the upcoming models in Gaming (sic).