Indian web3 gaming studio Kratos raises seed round at $150M valuation, acquires IndiGG
Kratos Studios, a web3 gaming startup based in India, reached a valuation of $150 million in a seed funding round of $20 million. Accel led the round, and other investors included Prosus Ventures, Courtside Ventures, Nexus Venture Partners and Nazara Technologies, Kratos said Thursday.
"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 launched the IndiGG app earlier this week and it aims to increase the number of participants on both sides with more games and more gamers, Gupta said.
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