Fundz

Gaming Startup Rooter Raises $16 Million In Funding Led By Lightbox

PRIVATEMay 18, 2023

Amount Raised

$16 Million

Round Type

Funding Round

New DelhiMedia And EntertainmentVideoGamingSports

Description

Gaming and esports content platform Rooter has raised $16 million in a growth round of funding led by existing investor Lightbox. The fundraise was 80% equity-based and 20% debt-based, founder and CEO Piyush Kumar told ETtech.New investors were Trifecta Capital, Pivot Ventures, Baldota Family Office and Global Play Media among others. Existing investors include Duane Park Ventures, LeAD Sports & Health Tech Partners and ADvantage VC.The Delhi-based startup aims to hit profitability by April 2024, and cross $10 million in annual recurring revenue (ARR) in the next three months, Kumar said. The startup is currently at a $7 million ARR scale

Quick answer

Rooter raised $16 Million in a Funding Round round, dated May 18, 2023. Rooter is based in New Delhi, Delhi, India.

How much did Rooter raise?
Rooter raised $16 Million in a Funding Round round on May 18, 2023.
What does Rooter do?
We are India’s biggest game streaming and esports content platform (#1 Sports app on the Google Playstore since Oct’20), focused on driving the creator economy in the space.
Where is Rooter based and how big is it?
Rooter is based in New Delhi, Delhi, India.
Who are the decision-makers at Rooter?
Fundz holds 1 contact at Rooter. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Media And Entertainment and Video around the same time

Companies in the same sectors as Rooter that raised within 45 days of this round, from Fundz verified event records.

  • M80 raised $3M (Seed) on May 31, 2023.
  • Goals raised $20M (Series A) on April 19, 2023.
  • Sojern raised $9.8M on July 1, 2023.
  • Scriptic raised $5.7M (Funding Round) on June 29, 2023.
  • SuperScale raised $5.4M (Series A) on June 27, 2023.
  • Betr raised $35M (Series A) on June 27, 2023.

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Company Information

Company

Rooter

Location

New Delhi, Delhi, India

About

We are India’s biggest game streaming and esports content platform (#1 Sports app on the Google Playstore since Oct’20), focused on driving the creator economy in the space. We sit at the intersection of two of the largest macro-trends in entertainment – gaming and content and have created a community platform to bring together over 450 Mn gaming enthusiasts in the country. We have a marquee, global investor base which includes March Capital, Lightbox, Duane Park, leAD Sports & Health Tech Partners, PayTM, Anthill Ventures, Founder Bank Capital and Venture Catalysts, in addition to angel investors like Boman Irani and Rana Daggubati. Consistently rated 4.6 to 4.8/5.0 stars with over 500K+ reviews on the Playstore, our app has an install base of ~50 Mn+. We have 16.6 Mn+ MAUs and ~1.4Mn+ DAUs, with each active user spending over 35 minutes on the app every day to watch Live streams. This engagement is driven by 15,000+ professional streamers and 1.2 Mn+ users creating content on the platform, every month. Rooter is also the only platform in the Game Streaming category to monetize, currently tracking an ARR of $5 Mn (INR 3cr+/ month revenue). In addition, we also hold the media rights to the largest bouquet of Live esports content in India (8,200+ hours/ year) with their most recent partnership with Skyesports, the biggest esports tournament organiser in South Asia. We are expanding our team now to take us to the next phase of our story and make Rooter the biggest gaming content platform in India and then SE Asia. Check our app here: https://www.rootersports.com/

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