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Kalaari Capital Leads $2.6 M Pre-series A Round For Studio Sirah

The company plans to utilise the funds to globally launch its flagship gaming title, Kurukshetra: Ascension, by June 2023

Studio Sirah raises USD 2.6 million in a Pre-series A round led by Kalaari Capital (an early-stage, technology-focused VC firm), and its seed investor, Lumikai.

The company plans to utilise the funds to globally launch its flagship gaming title, Kurukshetra: Ascension, by June 2023. In addition, the funds will also help to build out their second title, which will go even further in terms of ambition and scope.

Ascension is a free-to-play card battler, themed on India’s two great epics – the Mahabharata and the Ramayana. Players don the roles of ancient legends such as Arjuna and Sugriva, collect divine Astras and mythical creatures (from Apsaras to Daityas), and battle it out to the top in thrilling online duels.

Commenting on the investment Vamshi Krishna Reddy, Partner at Kalaari Capital said, “With stellar artwork and innovative gameplay – Kurukshetra has already garnered a lot of appreciation from users and we are excited with what lies ahead.”

Ascension is the first title from a team of two brothers, Abhaas Shah and Prateek Shah, avid gamers with strong technical backgrounds. They aim to build a new white space in the gaming industry with their rich Indian themed IPs that are gaining huge popularity across the globe. Prior to this, Studio Sirah had raised $830,000 in September, 2021 in its Seed round led by Lumikai and a pool of renowned angels such as Akshat Rathee (founder, Nodwin Games), Alexis Bonte (chief operating officer, Stillfront Games), Piyush Shah (cofounder, Inmobi), Roshni Rathi (partner, BCG), and Sameer Pitalwalla (Head Of Gaming, Google Cloud).


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