EXCLUSIVE: Indian web3 gaming studio Kratos raises seed round at $150M valuation, acquires IndiGG
The Indian web3 gaming startup also acquired IndiGG, a sub-DAO of Yield Guild Games DAO.Connect/Create WalletNo wallet? No problem. You can set one up for free. We recommend Torus for first-time users.Kratos Studios, a web3 gaming startup based in India, reached a valuation of $150 million in a seed funding round of $20 million.
"The new token will be launched in 12 months," Kratos co-founder Manish Agarwal told The Block in an interview."The current INDI token holders will be swapped for the dollar value they initially invested so that they don't have to mark down their investment," he said. Agarwal is the former CEO of Nazara, India's first publicly listed gaming company.
Kratos's business model brings game developers and gamers onto its platform, earning revenue from both sides."We create on-chain profiles of gamers in the form of cohorts, and we let game developers design quests for gamers," Ishank Gupta, another co-founder of Kratos, said in the interview."Game developers pay us for listing their quests and gamers pay us for validation of their quests.
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