India’s Mech Mocha to secure $10 mln in Series B funding round

Indian game development company Mech Mocha Game Studios Pvt. Ltd is aiming to secure up to 71 crore rupees ($10 million) in a Series B funding round.

Mech Mocha plans to use the funds to develop its multiple vernacular gaming products, initially targeted only at Hindi speaking users, extend the products to other local languages and to develop HelloLudo, a digital mobile version of the popular game Ludo.

The startup is seeking to secure about $5 to $6 million for the first close from new and existing investors. The new investors include South Korea’s Neoplux and Akatsuki, an investment firm. Accel Partners, Shunwei Capital and Blume Ventures will also participate in the funding round.

Mech Mocha’s Series B funding round is likely to value it at an estimated $30 to $32 million post-money.