This is the largest fundraise till date in the Game Streaming Space in India
As the frenzied deal activity in the Indian gaming industry continues unabated, Rooter, India’s leading game streaming and e-sports platform, announced its $25 million (INR 185 crore) Series A funding. A&W Capital, a cross-border investment advisory firm focusing on the sports, gaming and digital media sectors, acted as the exclusive financial advisor to Rooter on this marquee transaction. With offices in London and Mumbai, A&W’s global network of marquee investors was instrumental in showcasing Rooter to a wide range of international VCs and strategics looking to make their first bet in the thriving Indian start-up ecosystem.
Talking about the transaction, Piyush Kumar, CEO, Rooter said, “A&W leveraged its international network to onboard prominent gaming-focused investors such as US-based March Gaming – making their first investment in India. Paroksh and the A&W team have been true partners for Rooter in this journey and integral to the successful outcome of this investment round.”
Matthew Wheeler, CEO, A&W Capital said, “Having looked at how this space has evolved in US and Europe, we are very bullish on the long-term growth potential of the Indian gaming industry. The strong investor interest that Rooter’s Series A fundraise has generated has further strengthened our conviction in this space. Our best wishes to the team at Rooter and we look forward to what’s to come in 2022 and beyond.”
Paroksh Gupta, MD, A&W Capital said, “Having worked closely with Piyush, Dipesh and the Rooter team over the last year I am grateful, excited and confident that this is the first step in our long journey together. A&W is happy to have played a part in this fantastic outcome – which is a key moment for the evolution of the gaming ecosystem in India.”
With a high-quality team comprising of a unique mix of sports marketing veterans, professional sportspersons and M&A execution bankers, A&W advises clients across the various stages of lifecycle. This ranges from early-stage companies in the nascent digital media and gaming space to the more established professional sports leagues, teams and governing bodies in the sports ecosystem.
The Pokémon Company banks on multilingual content to boost its Indian presence
