Mobile gaming and app development has been picking up pace in India. Continuing that growth story, Robotsoft, a 1996-founded mobile app development firm which rebranded itself in 2008, has raised $12 million in Series B round of funding led by Ascent Capital with participation of Kalaari Capital.
Ascent Capital led the round with a $10 million while rest of the amount came in from Kalaari Capital, which also an existing investor in the company and had previously invested $3.7 million in Series A round in 2013.
With this new investment, the company is planning to build near-shore capability in the US, Europe and Middle East. It is also also restructuring itself into three separate companies with 99Games and Global Delight being hived off.
Robosoft has three business lines – Robosoft Technologies, 99Games and Global Delight. It acts as third-party app design and development firm, while 99Games is a division dedicated to game development. Global Delight is into audio and video segment. Some well known clients of the company include Colors, ESPN, HP, Reliance, NDTV, PayTm, Disney, Snapdeal, etc.
The company was founded in 1996 as a desktop game developer but later in 2008, it changed its business and adopted mobile apps and games business. It claims to have built over 1,400 apps, across platforms in consumer mobility, enterprise mobility and games & entertainment segments. It has more than 450 professional employees.
Rohith Bhat, CEO & managing director, Robosoft Technologies, said,
It will help us invest in products drive user acquisition and double down on our offerings. While the company has been traditionally strong in consumer mobility and gaming, we intend to strengthen our enterprise mobility practice too. The new round of investments will go behind expanding to the Android platform, user acquisition and taking our current crop of products to the next level in innovation.
