Online gaming and esports content platform Rooter has raised USD 16 million (about Rs 131 crore) in a growth round led by Lightbox, the company said on Thursday. The funding round also saw participation from Trifecta Capital, Pivot Ventures, Baldota Family Office, Global Play Media, Denlow Private Trust, Venture Catalysts and Potential Ventures. "Rooter has raised USD 16 million (Rs 131 crore) in a growth round led by Lightbox," the company said in a statement. The round, which was a combination of debt and equity, also witnessed participation from existing investors Duane Park Ventures, LeAD Sports & Health Tech Partners, ADvantage VC, Goal Ventures, Capital A and Astarc Ventures. "The company will be utilising the funds to strengthen its technology capabilities, sharpen its product bouquet and further enhance user experience on its platform. It will also be pursuing market expansion and cross-border growth opportunities, including potential strategic acquisitions," the statement
Tournament to run from from Oct 16 to Nov 13, coincide with ICC Men's T20 World Cup
Gamers have to put in 12-15 hours a day when they begin playing new games, since they need to make sure that the audience is entertained as well
According to a report issued by RedSeer and Lumikai, India is expected to be home to 700 million gamers by 2025
The app is easy to navigate and seems to blur the separation by distance as you cheer for your team