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IndiGG secures $6m in funding from Sequoia India, Lightspeed and more key backers
Powered by YGG and Polygon, IndiGG aims to target 400 million gamers in India
Exciting news for our community! IndiGG has successfully secured $6m in funding from an incredible set of Investors.
The seed round saw participation from Sequoia Capital India, Lightspeed Venture Partners, Variant Fund, Play Ventures Dune Ventures,Jump Capital, Griffin Gaming Partners, Transcend Fund, Animoca Brands, Scopely, Backed and Sfermion, IVC, Emfarsis and more.
Angels in the round included Reddit Co-founder — Alexis Ohanian, Alan Howard - Co-founder of Brevan Howard Asset Management and executives from the Indian gaming and entertainment industry, including Mobile Premier League (MPL),Hungama, Nazara, WinZo and Hindustan Talkies.
IndiGG had earlier raised $1mn in its pre-seed led by YGG.
The team is amped and ready to crank out exciting community events for our community and scholars. Let’s make magic happen!
What is play-to-earn ?
If you aren’t sure what play-to-earn is, it is simply a way to earn by playing games that are powered by digital assets (NFT’s) on the blockchain.
These games require NFTs to participate and while many of these NFTs might be expensive, gaming guilds have made it their mission to lower the cost barrier for gamers to participate.
IndiGG’s mission is to enable gamers to discover this opportunity make a substantial impact in their lives.
What is next for IndiGG?
The raise will help us in onboarding Indian gamers into the evolving world of web3 gaming. Educating the community on the benefits of play-to-earn and web3 is a primary objective of ours on the road to cementing IndiGG as the biggest gaming guild in India. We’ll also be aggressively adding to our team to accelerate the play to earn movement in India.
IndiGG will soon support NFT assets for Axie infinity, Pegaxy, Fancy Birds, Nyan Heroes, Nitro League and more. Scholarships are awarded to community members who’ve shown dedication to the guild and potential to excel in a certain game. Landing a scholarship allows the member to rent the NFT, allowing them to start playing without having to buy the NFTs.
Shoutout to Polygon Studios & YGG
Having the support of YGG is critical as it has made us adopt the best practices of running a guild and learning from their experiences, we’ll be able to achieve our mission of bringing web3 gaming to India much faster.
Thanks to our partnership with Polygon Studios, scholars will have access to the latest web 3 gaming releases on Polygon. With an ecosystem of games including Zed Run, Skyweaver, and Decentraland, Studios will help IndiGG develop an edge in-game asset acquisition in the play-to-earn space.
A big thank you to our investors for their trust and for being an integral part of IndiGG’s journey.
List of Investors:
Sequoia Capital India, Lightspeed, Variant Fund, Animoca Brands,
Dune Ventures, Jump Capital, Griffin Gaming Partners, IVC Venture Capital, Sfermion, Transcend Fund, Play Ventures, Forte Ventures, Scopely Inc, Backed VC, Ledger Prime, YGG SEA, Woodstock, Hyperedge Capital, Hindustan Talkies, Arcanum Capital, BFF Scalex Fund,Emfarsis
Alan Howard (Co-founder of Brevan Howard Asset Management)
Alexis Ohanian (Co-Founder, Reddit)
Manish Agarwal (CEO, Nazara Technologies)
Neeraj Roy (CEO, Hungama Digital Media Entertainment)
Sai Srinivas (CEO & CoFounder, MPL)
Guy Oseary (Founder, Go Mav LLC)
Aleksander Larsen (CoFounder & COO, Sky Mavis)
Borget Sebastian (CoFounder & COO, Sandbox)
Jonathan Glick (CEO, Sulia Inc.)
Nico Nolledo (Partner, Eden Holdings)
Paavan Nanda (Founder & CEO, Winzo)
Sriram Krishna (Managing Partner, Quantstamp Inc.)
Piers Kicks (Partner, Delphi Digital)
Jeff Holmberg (Head of Investment, YGG)
Brian Lu (Partner, IVC)
Siddharth Menon (CoFounder, Wazir X)
Utsav Somani (Partner, Angel List)
Dirk Van Quaquebeke (Managing Partner, Beenext)
Ajit Tripathi (Head of Business Development, Aave)
Aniket Jindal (CoFounder, Biconomy)
Raghu Mohan (CEO, Lumos Labs)
Brady Evan Nitin Agarwal ( Founder, FV Bank)
Nameet Potnis (Founder, DrumWorks)
and many more.
IndiGG is a Sub-DAO of Yield Guild Games (YGG) being built in association with Polygon to create a Play-to-Earn gaming hub within India. IndiGG is building a platform where gamers will discover the future of gaming and embark on a journey into virtual worlds to create economic opportunities for all participants.
About Yield Guild Games
Yield Guild Games is a decentralized gaming guild that pools players and gamers to purchase gaming NFTs with the belief that collective gaming will yield the best results for each individual gamer of the guild. YGG’s mission is to create value for its members by pooling their individual efforts to develop the content and economy of virtual worlds and blockchain-based games.
About Polygon Studios
Polygon Studios is the Gaming and NFT arm of Polygon focused on growing the global Blockchain Gaming and NFT Industry and bridging the gap between Web 2 and Web 3 gaming through investment, marketing, and developer support.
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