Rooter Raises $16 Million! – Esportimes

The Indian esports and gaming content material platform Rooter has introduced an a brand new spherical of funding, backed by enterprise capital agency Lightbox, valued at $16 million.

The funding spherical, which consists of a mixture of mortgage and fairness capital, might be used to develop the enterprise’s technological capabilities. Aiming to supply a platform just like Twitch however for cell video games, Rooter is without doubt one of the most well-known streaming and gaming platforms in India.

Seven new buyers, together with Trifecta Capital, Pivot Ventures, and others, joined former buyers, equivalent to Aim Ventures and Duane Park Ventures, within the newest financing spherical.
Rooter states that the agency would make the most of the cash to enhance buyer expertise on its platform, enhance its vary of products, and enhance its capabilities in expertise. Moreover, it is going to be searching for methods of rising globally and in new markets, together with potential strategic acquisitions.

Moreover, the cash might be utilized to work along with Indian esports groups and organizations together with technological companions that may help Rooter’s infrastructure develop. Rooter is a accomplice of GodLike Esports, certainly one of India’s main esports groups.

In keeping with a press launch, Rooter will possible take into account different nations within the MENA and Southeast Asia areas which have a big variety of cell avid gamers sooner or later, including that these two areas are vital targets for potential enlargement.

Rooter’s founder and CEO, Piyush Kumar, shared his ideas on the funding: