Business Briefs SuperGaming Raises USD 1.3 Mn in Funding *
SuperGaming, a hub for casual gamers, on Tuesday said it has raised USD 1.3 million (about Rs 9.3 crore) in seed funding from Dream Incubator and others.
New Delhi, Nov 12 (PTI) SuperGaming, a hub for casual gamers, on Tuesday said it has raised USD 1.3 million (about Rs 9.3 crore) in seed funding from Dream Incubator and others.
AET Fund (the venture arm of Japan's Akatsuki) and early-stage investor, Better Capital also participated in the round, a statement said.
"SuperGaming has raised funds even before the product has gone live in the market. It will use the funds to build its social platform, partner with other popular games and expand its team," it added.
*
*
*
* CBREX raises $1.1 mn in funding *
CBREX, a global recruiter exchange that connects companies to recruitment agencies, has raised USD 1.1 million (about Rs 7.8 crore) as equity funding from a clutch of Indian high net worth investors.
"The amount raised will be assigned for accelerating and expanding our sales in the US, which is the leading market for CBREX. The company plans to appoint resellers, senior sales people and senior management in the US and other international markets like Europe, Japan, Southeast Asia including India," CBREX Chief Executive and co-founder Gautam Sinha said.
CBREX's platform is currently being used by employers across 17 countries with around 5,000 recruiters (agents) to hire talent across experience levels and domains.
*
*
*
* Rewired.GG invests 14 million euros to help Team Vitality expand in India *
Rewired.GG, the 50 million euros e-sports venture fund, said it has invested an additional 14 million euros (about Rs 110 crore) into Team Vitality.
This takes its total investment in the entity to 34 million euros till date.
"The funds will be used to support the continued growth of Team Vitality as the team pursues expansion across India, where it will be acquiring new players and launching a network of e-sports academies," a statement said.
The Team, which was founded in 2013 with 10,000 euros, aims to be one of the world's first USD 1 billion e-sports teams.
"We believe that e-sports is one of the world's fastest growing industries today, especially in India, and the success of teams like Team Vitality show that there is real opportunity for growth in this market," Amit Jain, Principal at Rewired.GG, said.
(This is an unedited and auto-generated story from Syndicated News feed, LatestLY Staff may not have modified or edited the content body)