Wednesday , June 29 2022

Led By Greenoaks, Elevation Capital; Turnip Raises $12.5 Mn In Funding Round

Mobile gaming start-up Turnip on Thursday said it has raised USD 12.5 million in a Series-A funding round co-led by Greenoaks and Elevation Capital. The round also had participation from SEA Capital and Vibe Capital.

Investors such as Andreessen Horowitz general partner Andrew Chen, Razorpay founders Harshil Mathur and Shashank Kumar, Notion COO Akshay Kothari, and Streamyard co-founder Geige Vandentop (Streamyard) participated in the funding round, the company said in a statement.

Other investors included Meesho founders Vidit Aatrey and Sanjeev Barnwal, Flipkart CEO Kalyan Krishnamoorthy, and Udaan co-founder Sujeet Kumar, it added.

The company plans to use the fresh funds to scale its presence across geographies as it aims to become the top gaming community platform in India, SEA, and LATAM by the end of 2022.

It will also continue to strengthen its talented team and onboard the best tech, design, and growth leaders worldwide, the statement said.
The company stated, “Our goal is to build from India for the more than two billion gamers spread across the world. Gamers have been early adopters of technologies and this has created some of the most innovative and immersive consumer products globally – Discord, Streamlabs, Unity, Twitch, and Axie Infinity, etc.”


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