Gaming tech startup Mobius gets funding from angel investors

Mobius, a know-how product firm that develops gaming options, on Monday stated that new investors Naresh Naik, Kishore Ganji and Rajesh Manthena will likely be investing within the firm. Naik was a former managing director at Morgan Stanley and presently runs Irep Credit Capital. Ganji is a serial angel investor and founder, CEO at Astir IT Solutions, whereas Manthena is part of Hyderabad Angels and is a serial entrepreneur within the healthcare enterprise.

“Mobius’ potential to leverage best-in-class know-how processes and deep business experience has enabled it to quickly develop revenues. With its confirmed enterprise mannequin, Mobius has been capable of scale higher than its friends within the business whereas being capital environment friendly,” stated Naresh Naik.

In the primary 12 months of enterprise, Mobius claims to have generated ₹25 crore in transactions on its gaming platform 777Games.

“We’ve made nice progress over the previous one 12 months as evidenced by the platform’s constant development. This spherical of financing will likely be instrumental as we proceed to spend money on our know-how, folks, merchandise and buyer acquisition with the intention to additional gasoline our development,’’ stated Prashanth Joshua, CEO, Mobius.

“We have established very wholesome unit economics and have been capable of scale our enterprise funnels at very low consumer acquisition prices. This 12 months we’re launching new merchandise on the platform and a next-gen improve which is able to place us as the perfect gaming platform in India.”

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