Game Company Kratos Successfully Raised $20 Million, Increasing Its Worth To $150 Million

Key Points:

• In a successful seed fundraising round, which was headed by the investment firm Accel and featured participation from Prosus Ventures, Courtside Ventures, Nexus Venture Partners, and Nazara Technologies, Kratos Studio was able to successfully secure cash.
• Kratos announced that it has successfully acquired IndiGG, a Yield Guild Games DAO sub-DAO, through a token buyback. This development indicates that the holders of IndiGG’s INDI tokens will be eligible to receive new Kratos tokens at a later date.

A game business based in India known as Kratos Studios was able to successfully complete a seed funding round and raise $20 million at a valuation of $150 million.

Kratos Studios, an Indian gaming company, was able to successfully complete a seed investment round and raise $20 million at a valuation of $150 million. Accel Ventures, Prosus Ventures, Courtside Ventures, Nexus Venture Partners, and Nazara Technologies were among the investors who took part in the seed round of funding. Accel Ventures served as the round’s lead investor.

Kratos announced that it has successfully acquired IndiGG, a Yield Guild Games DAO sub-DAO, through a token buyback. This development indicates that the holders of IndiGG’s INDI tokens will be eligible to receive new Kratos tokens at a later date. According to the co-founder of Kratos, Manish Agarwal, “We feel that after Polygon, IndiGG might be the next multi-billion dollar firm, providing billions in advertising money to the Indian treasury and drawing billions of dollars in advertising revenue.”

Argarwal also mentioned that they will be working closely with the co-founder of Polygon, Sandeep Nailwal, and the co-founder of YGG, Gabby Dizon, in order to achieve their goal of “creating the world’s largest gaming DAO.“

Early on in the month of January 2022, IndiGG was successful in raising $6 million from a number of renowned investment firms, including Sequoia Capital India, Lightspeed Venture Partners, Variant Fund, Jump Capital, Animoca Brands, and Alan Howard.

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