Mobile gaming app PlaySimple secures $4 million from SAIF Partners, IDG Ventures
Venture capital firms SAIF Partners and IDG Ventures have announced a Series A funding deal with PlaySimple, a mobile social gaming company. PlaySimple has secured $4million from the venture capital firms and plans to infuse fresh funds in expanding its team and developing new mobile titles that are targeted at global audiences across various casual gaming genres.
PlaySimple, in early 2015, had raised a total of $500,000 in its seed round from IDG Ventures. Its four founders — Siddharth Jain, Preeti Reddy, Suraj Nalin and Siddhanth Jain – founded the mobile social gaming company in 2014.
PlaySimple delivers mobile games in the trivia, word and puzzle categories. The startup successfully made it into the Google Launchpad Accelerator Program that empowers founders with unique ideas and guides start-ups through mentorship and equity-free support. Till date, PlaySimple has released two games, GuessUp and WordTrek, which have garnered over 10 million downloads on Android and iOS.