IndiGG
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IndiGG - overview
Established
2021
Location
-, -, India
Primary Industry
Software
About
Founded in 2021 and based in India, IndiGG, aka YGG India is an NFT based play-to-earn game in the web3 frontier. IndiGG is the Indian sub-decentralized autonomous organization (subDAO) of YGG. Gabby Dizon is the co-founder of the company. In January 2022, IndiGG raised USD 6 million in financing from Sequoia Capital India, Lightspeed Venture Partners, Jump Capital, Variant Fund, Dune Ventures, Griffin Gaming Partners, Transcend Fund, Animoca Brands, Play Ventures, Backed and Sfermion, IVC, Emfarsis, and others investors.
The company provides play-to-earn games that typically harness NFTs. An NFT is a based digital asset that is a unique, immutable, and verifiable representation of a physical item on a blockchain. These assets allow users to have physical ownership of in-game things while also assisting in the development of a long-term economy from which they can profit. The firm partners with Hike, MPL Sports, and CryptoBlades.
The enterprise plans to use the January 2022 capital raised to focus on platform growth, onboarding Indian gamers to the web3 world of play-to-earn. It also plans to use the funds to drive awareness about the play-to-earn movement, expand its team and organize community events.
Current Investors
Arcanum Capital, Nazara Technologies Ltd., Kratos Studios Ltd
Primary Industry
Software
Sub Industries
Gaming
Website
www.indi.gg
Verticals
Blockchain, Mobile Apps
Company Stage
Add-on
Total Amount Raised
Subscriber access only
IndiGG - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, Trade Sale | Completed | Utopia Labs Corp. | - |
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