Gaming company Octro has raised $15 mn from Sequoia Capital in Series A funding. The company has created successful games like Teen Patti and Indian Rummy.
Octro also announced the launch of Tambola, a mobile version of the classic game today.
2 million DAU – Congratulations Team Octro. 10 million not that far ;)
— Saurabh Aggarwal (@aggarwalsaurabh) March 2, 2014
Octro was founded in 2006 by Saurabh Aggarwal, who sold his earlier company PDAapps to Intellisync in 2005.
As we’d written earlier, entry barriers are coming down and game development (as well as finding users) is becoming easier than before.
Add to it the success of companies like Bash Gaming from India, the trend is quite obvious. Social casino games company GSN Games recently acquired Bangalore based Bash Gaming for about $160 mn in February 2014.
Bash Gaming was a little known story to the outside world (we did bring their founder to talk at UnPluggd earlier. Watch: From 0 to $55 Mn in 18 Experiments: The Bash Gaming Journey).
Traditionally, India has been an outsourcing hub for console gaming companies. But now, there are new companies and Indie developers making social games with reasonable success in global markets.