The Stories Studio
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
The Stories Studio - overview
Established
2018
Location
Manama, -, Bahrain
Primary Industry
Software
About
The Stories Studio is a digital gaming platform focused on delivering diverse online gaming experiences, emphasizing user satisfaction and seamless gameplay across various devices, particularly smartphones. The Stories Studio, founded in 2018 in Manama, Bahrain, operates as a digital gaming platform. The firm has engaged in 2 deals, with its most recent deal occurring on June 2, 2019. It successfully raised USD 0.
7 mn in an Angel funding round. The company is led by Saba Saleem, who serves as both the Founder and CEO. The Stories Studio features BELIJITU, an online gaming platform that offers a wide array of digital gaming options, primarily targeting users in Indonesia. The platform is designed to enhance user comfort, delivering a seamless gaming experience on smartphones and other devices.
BELIJITU boasts an impressive return-to-player (RTP) rate of up to 97%, catering to both casual gamers and enthusiasts who seek entertainment and financial gains. It supports various payment methods, including e-wallets, bank transfers, and QRIS scans, ensuring accessibility for a diverse audience. BELIJITU generates revenue through user transactions and promotional offerings. The platform offers various gaming options, with incentives such as daily bonuses, sign-up bonuses for new members, and weekly promotions to enhance user engagement.
It operates on a direct-to-consumer model where users make deposits to participate in games and avail bonuses, focusing on maximizing user retention through an attractive bonus system, which contributes to its overall revenue growth. In June 2019, The Stories Studio raised USD 0. 7 mn in Angel funding, which will be utilized to support the development of new gaming products and expand into new markets. The company is targeting further growth in Southeast Asia, aiming to enhance its presence in this region over the next few years.
The funds will be allocated toward marketing efforts and product development, with a focus on delivering innovative gaming solutions that cater to an expanding user base.
Current Investors
Flat6Labs Bahrain
Primary Industry
Software
Sub Industries
Gaming
Website
www.thestoriesstudio.com
Verticals
Mobile Apps
Company Stage
Angel & Seed
Total Amount Raised
Subscriber access only
The Stories Studio - employee data
Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.