SucSEED Indovation Fund and STPI IMAGE CoE collaborate to support the gaming startups

SucSEED Indovation Ventures
5 min readMar 8, 2022

Hyderabad — 23 Feb 2022 — Gaming Fund under the umbrella of Hyderabad headquartered SucSEED Indovation Fund continues to work with various partners to discover and support gaming start-ups with seed funding and organize mentorship support from successful Gaming Founders & experienced Influencers.

SucSEED Indovation Fund and STPI led IMAGE CoE had announced their collaboration earlier to aid the gaming startup ecosystem. Gaming startups would be incubated with STPI IMAGE COE and SucSEED Indovation Fund would invest in the select Gaming Startups from the cohort. Up to $100,000 in funding will be offered for early-stage product development. Several successful Gaming Founders have joined the SucSEED Indovation Fund to create a Gaming Sub-Fund for this purpose and they bring the immense
experience as value-add alongside their capital.

UGH Cofounders : Abhisek, Harry, Ravi, Darshan, Srinivas

With the seed funding, UGH will enable hiring the best talent and for accelerating the journey to create the biggest esports IP of India.

UGH creates innovative esports IPs that enables professional gaming in India. Unlike other esports leagues, UGH offers a unique dual system of talent hunt feeding into a franchise style league. Providing a platform for esports teams from around the world to scout players for professional contracts to represent
them in our new franchised league.

Founded by Abhisek Moharana, Srinivas, Darshan M & Harold Campbell. United Gamers Hideout was established in september 2019 by Abhisek Moharana with the vision to create the path for millions of aspiring players to play professionally and represent Indian at global level.

UGH is working towards to launch, build and grow the top international franchises and biggest esports league in India.

Abhisek Moharana, Founder and CEO at United Gamers Hideout said, “In spite of the pandemic we have seen a huge growth in professional gaming in India. UGH is filling the gap in the market with regards to upskilling the aspiring gamers and creating the high quality content the esports community craves for”.

Stareout Cofounders : Vamsi, Chandan, Shahbaaz, Gurbrinder, Sumit

With the seed funding, Stareout enables to prove the product market fit for regional based games which people can play in their local languages, targeting tier 2 and tier 3 cities primarily. Will be working on creating
new and unique user acquisition strategies to get users in India at the lowest possible cost.

Stareout games is a hyper casual game studio. Unlike other game studios, Stareout takes a regional content approach for giving a more immersive gaming experience for users. During the past 6 months, Stareout was able to launch and attract over 100k organic users across their games.

Founded by Vamsi Raju, Chandan, Shahbaaz Khan, Gurbrinder, Sumit. It was founded in 2019 as a gaming consultancy company catering to global publishers and game studios. Over the years with the experiences
of building and scaling hyper casual games across various markets & considering the rapid growth in Indian markets, it has pivoted the business model and started launching under it’s own banner.

Starout is working towards building and launching regional content based gaming experiences in local languages for Indian Market. Bring existing long form entertainment audiences to experience & interact with these experiences thereby making a permanent shift in entertainment consumption.

Game Logo’s

Vamsi Raju, Founder and CEO at Stareout games said, “Hyper Casual gaming is a low commitment and quick stress relief alternative for long form entertainment. We are building gaming experiences that are tailored to the desi audience and are worth playing”.

Vikrant Varshney, Co-Founder & Managing Partner of SucSEED Indovation Fund, said “The global gaming market was valued at USD 173.70 billion in 2020, and it is expected to reach a value of USD 314.40 billion by 2026, registering a CAGR of 9.64% over 2021–2026. We believe that this relationship will increase our footprint & exposure in the gaming community by assisting and aiding these early stage startups in their growth and development, as the gaming sector has a high potential.”

Sridhar Muppidi, Founder of PurpleTalk and of YesGnome, one of the largest game development and publishing companies in India, who is one of the key stakeholders in the SucSEED Indovation Gaming Sub-Fund; said: “India, with its immense talent pool, can potentially grab a sizable chunk of the $100B
global gaming industry. However, there aren’t enough companies going after this opportunity, so some of us in the industry figured the best way to accelerate this is by investing at a pre-seed stage in a large number of gaming entrepreneurs. To achieve this, most of the top gaming enterprises and companies in India have come together to launch this Gaming fund with SucSEED
.”

SucSEED Indovation Fund is a SEBI-registered Cat-I AIF-VC Fund-Angel Fund that focuses on early-stage start-ups involved in addressing mass-market problems with the help of deep-tech breakthroughs. Their primary funding focus is on Seed to Growth and Pre-Series A-stage companies. The
Fund’s General partners have a combined expertise of more than 100 years in Technology, Venture Capital, and the startup ecosystem, and have invested in more than 70 companies already and have successful exits to their credit.

IMAGE Center of Entrepreneurship is an initiative by Software Tech Parks of India (STPI) in conjunction with the Ministry of Electronics and Information Technology (MeitY) and the Government Of Telangana. The IMAGE CoE Accelerator Program is a one-of-a-kind program that provides mentorship, office space, seed funding, and other incentives to entrepreneurs in the gaming, computer vision, artificial intelligence, and VFX industries. IMAGE CoE Accelerator Program is currently running its pilot cohorts and has
started registrations for the next cohort.

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