Jambox Games receives $1.1 million funding led by Ludus Venture Studio

• Jambox Games has acquired fresh funding of $1.1 million in a seed funding round led by Ludus Venture
• The company plans to use the funds raised for building its platform and hiring tech talent.

• Jambox Games plans to initially launch its platform in India, Vietnam, and Indonesia and later expand to other Southeast Asian countries like Malaysia, Thailand, and the Philippines.

Singapore-based gaming platform for indie developers, Jambox Games has acquired fresh funding of $1.1 million in a seed funding round led by Ludus Venture Studio with participation from angel investors.

Set up by former AdColony APAC managing director Vikas Gulati, Jambox Games has the vision to provide helping hands to help casual and hypercasual game developers in India and Southeast Asia by giving them a platform where they all can publish their mobile games across the world and compete with global incumbents.

The company will use the funding for building a highly user-friendly platform and reaching out to more tech talent to increase team size as currently it has eight employees and plans to more than double the team in the next two to three months.

According to the Founder, “ building a successful is not an art it’s a science. There is a huge opportunity gap lies hence the need for independent platforms to arise to empower developers to compete with top leaders at the global level. Southeast Asia is full of talented game developers who have tremendous talent. Some of the games developed have huge potential with multiplayer and social formats".

Jambox Games said that the platform will attract casual and hypercasual game developers with a series of tools to help them with analytics, attribution, user acquisition, creative capabilities, and monetization including advertising and performance marketing expertise.

Jambox Games has decided the territory in which it would be launched. It has confirmed its official entry in India, Vietnam, and Indonesia and later expand to other Southeast Asian countries like Malaysia, Thailand, and the Philippines.

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The profit-sharing ratio will be different for each game based on the type of game, its potential and how much investment is required, Gulati said. "We will pick up the games from Southeast Asia and India markets, and market them across over the world, including the US, UK, and Canada because that's where we believe there is a massive monetization potential" he added.

Gaming has become one of the sources of major entertainment and it established itself as mainstream entertainment. The offering of Jambox Games is unique it’s solving a real developer pain point for emerging markets like India and Southeast Asia" said Volkan Bicer, Partner, Ludus Venture Studio.

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