Mayhem Studios, a mobile game development company under MPL (Mobile Premier League), has recently secured an undisclosed investment from Lumikai. The investment platform, Lumikai, is supported by a consortium of investors including Peak XV Partners (formerly Sequoia India), Steadview Capital, Truecaller, Hashed Emergent, Base Partners, and Moore Strategic.
Previously, in April of the prior year, Mayhem Studios raised $20 million during its Series A funding round, led by its existing investors.
The newly acquired funds will be directed towards scaling operations, speeding up game development, expanding the developer team, and enhancing technological capabilities, according to a press release from Mayhem Studios.
Founded in 2022 by Ojas Vipat, Mayhem Studios is known for its gaming platform and is currently working on its flagship title, “Underworld Gang Wars” (UGW), a AAA battle royale game. UGW incorporates elements of Indian culture and aesthetics into its gameplay, featuring notable Indian locations, unique characters, and culturally relevant themes to deliver a distinctive and immersive experience.
The Bengaluru-based company announced that it exited the closed beta phase of the game in May and is gearing up for an open beta. With 7.5 million registrations on its platform, Mayhem Studios continues to make significant strides in the gaming industry. Other notable startups in this sector include Ubisoft, Zynga, Playsimple, Moon Frog, and Playmotion.
Lumikai, known for its focus on interactive media and gaming, has previously invested in prominent startups such as Bombay Play, Elo Elo, All Star Games, Supernova, Autovrse, and Vobble.
