Matrix Partners India today announced that it has invested in the first institutional round of funding for Red Monster Games India Private Limited, which will build mobile social games for the India market across the Casino, Arcade, Casual and Invest Express categories.
Kunal Kapur, the co-founder and CEO, has experience in social gaming at Zynga. He has previously founded SnatchKing Online and is an alum of ISB and Carnegie Mellon His co-founder and CTO, Kiran Upadhya, has worked previously with Zynga and SupportSoft.
“We believe in the mobile gaming opportunity in India and it is an area where we plan to make multiple investments. We are excited about partnering with Kunal and Kiran in their journey to create a large social gaming company. We share their vision of creating world class products for Indian users and using innovative marketing strategies. Matrix Partners India continues to be bullish on the mobile internet space and will continue to make early-stage investments” said Vikram Vaidyanathan, Director, Matrix India.
About Red Monster Games India Private Limited:
Red Monster Games is a mobile social gaming company building games focused on the India market. Starting with casino games, it plans to expand into other genres of social gaming, including original IP-led games. It’s founders bring expertise in building and running social games from organizations like Zynga.
About Matrix Partners India:
Matrix Partners India is an investment firm with INR 3,000 crore under management. The firm invests in companies targeting the Indian consumer market at the seed, early and early growth stages. The firm has invested in several market leading companies including Biscoot (digital entertainment), MSwipe (mobile POS), Newshunt (mobile local language platform), Ola (cab marketplace), Quikr (online classifieds), Stayzilla (stays marketplace), Traffline (local social information) and Woo (social dating), among others. Matrix Partners has a global network of funds investing in the US, China and India with US $3 billion under management. Further information is available at www.matrixpartners.in