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<ul><li><keyword id="16032294" type="General" weightage="100" keywordseo="giga-fun-studios" source="Orion">Giga Fun Studios</keyword> will utilise the funds to create a new benchmark in casual games built to high quality for Indian and global audiences. </li><li>All In Capital, Kettleborough VC and Riverwalk Holdings also participated in this round. </li><li>An estimated 80% of gamers show a high proclivity to play games based on Indian IP. </li><li>With over 5 billion downloads, <keyword id="3658" type="General" weightage="80" keywordseo="india" source="Orion">India</keyword> is one of the largest download markets for casual games that include games like ‘<keyword id="6354619" type="General" weightage="80" keywordseo="candy-crush" source="Orion">Candy Crush</keyword>’.</li></ul>Bengaluru-based gaming startup Giga Fun Studios on Wednesday said it has raised $2.4 million in a seed round led by <keyword id="10412751" type="General" weightage="80" keywordseo="lumikai" source="Orion">Lumikai</keyword>, India’s gaming and interactive media focused VC fund, and consumer specialists <keyword id="2822035" type="General" weightage="80" keywordseo="fireside-ventures" source="Orion">Fireside Ventures</keyword>. All In Capital, Kettleborough VC and Riverwalk Holdings also participated in the funding round. Giga Fun Studios will utilise the funds to create a new benchmark in casual games built to high quality for Indian and global audiences. The company will be investing heavily on curating a stellar team as a hub for “best in India” casual game developers, the company said in a statement. “According to our recently released India State of Gaming 2022 report, 80% of gamers show a high proclivity to play games based on Indian IP. We believe that culture-themed casual games have the potential to unlock massive disruption in the gaming space in India,” Justin Shriram Keeling, founding general partner, Lumikai said. The startup was founded by Krishnendu <keyword id="6364914" type="General" weightage="80" keywordseo="mukherjee" source="Orion">Mukherjee</keyword>, <keyword id="3022112" type="General" weightage="50" keywordseo="rahul-daga" source="Orion">Rahul Daga</keyword> and <keyword id="16032295" type="General" weightage="50" keywordseo="rahul-shekhar" source="Orion">Rahul Shekhar</keyword>. “The core problem we mutually identified in India was that while current dominant casual games (such as Candy Crush) are very high in quality, they haven't been able to fully unlock an Indian player base due to a lack of cultural resonance. This is additionally visible in the lack of monetization participation of the Indian player. With over 5 billion downloads, India is one of the largest download markets for casual game,” said Mukherjee, co-founder and CEO at Giga Fun Studios. Giga Fun Studios aims to focus on designing games with geo accessibility across the full game stack, including simple but compelling game loops, customised UI/UX design for domestic gamers, accessible pricing, and distribution via third party app stores. The longer-term goal is to export the richness of Indian culture globally, the statement said. “Globally, gaming has already eclipsed movies &amp; music by ~3x and is one of the largest and fastest emerging sectors of digital consumption. This will serve the unmet needs of Indian consumers to drive a multi-billion dollar market opportunity over the next few years. High quality, deeply localised games built on proven game formats with the right in-app purchase driven monetisation are likely to be the first beneficiaries in the wave of gaming which is expected to be an over $8.5 billion market opportunity in India,” Shreyans Gangwal, vice president, Fireside Ventures said. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/entertainment/news/srk-woke-up-and-started-dancing-to-naatu-naatu-after-its-golden-globe-win-rajamouli-speechless/slidelist/96908447.cms">SRK ‘woke up and started dancing to Naatu Naatu’ after its Golden Globe win, Rajamouli speechless</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/startups/news/live-ecommerce-startup-working-with-local-artisans-raises-6-million-in-seed-round-led-by-elevar-equity/articleshow/96909740.cms">Live ecommerce startup working with local artisans raises $6 million in seed round led by Elevar Equity</a>

Bengaluru-based gaming startup Giga Fun Studios raises $2.4 million in seed round led by Lumikai Fund & Fireside Ventures

<ul><li>The Indian version of the original show <keyword id="1417364" type="General" weightage="100" keywordseo="shark-tank" source="Orion">Shark Tank</keyword> premiered on 20 December 2021.</li><li>Belly shaper and burger <keyword id="6369404" type="General" weightage="80" keywordseo="maggi" source="Orion">maggi</keyword> were some weird pitches on season 1 of Shark Tank.</li><li>Below, let's have a look at some bizarre and weird pitches on <keyword id="11924074" type="General" weightage="100" keywordseo="shark-tank-india" source="Orion">Shark Tank India</keyword> season 1.</li></ul>Season 1 of Shark Tank India swept people across the country with a craze that has not been seen before. The reality show has been helpful to a lot of entrepreneurs who got investments for their companies, start-ups, and ideas. Also, but the show has also been a learning experience for enthusiasts to know how exactly a start-up is built. Participants, such as Jugaadu Kamlesh, solved an issue bothering farmers with its multi-purpose cart that can help farmers plow, sow, and water their fields. We have seen some of the most inspiring entrepreneurs on the show so far. However, some absurd business ideas were regarded as unnecessary and bizarre by both sharks and viewers as well. Here, we will look at some of the most bizarre business ideas that made the show but failed to bag an investment and left us with a thought- ‘Bhai kya kar rha hai tu?’ <cmsannotation type="cmsannotation" annotationid="Sippline- mask for a drinking glass" comment="subhead" text="Sippline- mask for a drinking glass">Sippline- mask for a drinking glass</cmsannotation> Rohit Warrier introduced the Sippline drinking shields, also known as the ‘glass ka mask’, to the sharks. According to Rohit, the product act as a protective cover that could be attached to the rim of a glass to save the user from germs and dirt from the rim of the glass. Ashneer Grover one of the sharks was highly disappointed by the product and said that he would never want to witness a product like this in his life again. <cmsannotation type="cmsannotation" annotationid="Gol Nabhi- belly button shaper" comment="subhead" text="Gol Nabhi- belly button shaper">Gol Nabhi- belly button shaper</cmsannotation> It was one of those pitches that made sharks burst into laughter. Founders of the company, Jayshree Jumnani, and Baldev Jumnani showcased a bizarre product that was used to make belly buttons more round and appealing. The founders even demonstrated the product on the show. Founder also revealed that he came up with a belly button shaper idea because of his deep and round belly fantasy. <cmsannotation type="cmsannotation" annotationid="Poo De Cologne - fancy toilet spray" comment="subhead" text="Poo De Cologne - fancy toilet spray">Poo De Cologne - fancy toilet spray</cmsannotation> Mumbai-based woman, Aditi Talwar introduced a toilet spray ‘Poo De Cologne’ which was infused with essential oils. The spray was used before and after using the toilet to suppress the unpleasant smells. According to sharks, the product didn’t have the leg to work in the Indian market and was a bit expensive. <cmsannotation type="cmsannotation" annotationid="Ayurvedic ice cream" comment="subhead" text="Ayurvedic ice cream">Ayurvedic ice cream</cmsannotation> Gopal’s 56, an ice cream firm, offers a wide range of fiber ice creams, including ayurvedic. According to the contestant, the ice cream would help in losing weight because of its pre-biotic components. Sharks were compelled to leave because the founder asked for an investment of ₹300 crore, the highest amount ever asked on the show. <cmsannotation type="cmsannotation" annotationid="Tween In One - a reversible clothing range" comment="subhead" text="Tween In One - a reversible clothing range">Tween In One - a reversible clothing range</cmsannotation> Niti Singhal, the founder of the company presented an innovative fashion concept. She had created a convertible and reversible clothing line in which each outfit could wear in two different ways. Sharks gave mixed reactions, and they said the product was highly-priced for the Indian market. <cmsannotation type="cmsannotation" annotationid="Aglio e Olio Maggi - burger Maggi" comment="subhead" text="Aglio e Olio Maggi - burger Maggi">Aglio e Olio Maggi - burger Maggi</cmsannotation> Rahul Daga and Arpit Kabra, the founders of Hungry Head, pitched their innovative Maggi-based food products such as burger Maggi, Aglio e olio Maggi, and pani puri Maggi. While the sharks appreciated their food and loved the taste but this Maggi concept failed to impress the sharks as they thought the concept was not much interesting enough for the investment. SEE ALSO: <a href="https://www.businessinsider.in/tech/news/intel-debuts-with-13th-gen-mobile-processors-for-laptops-and-desktops-at-ces-2023/articleshow/96730578.cms">Intel debuts with 13th Gen mobile processors for laptops and desktops at CES 2023</a> <a href="https://www.businessinsider.in/tech/news/this-ai-tech-may-be-able-to-generate-3d-holograms-on-smartphones-in-real-time/articleshow/96706618.cms">This AI tech may be able to generate 3D holograms on smartphones in real-time</a>

Belly button shaper to ayurvedic ice cream — here are the most bizarre pitches on Shark Tank India

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Bengaluru-based gaming startup Giga Fun Studios raises $2.4 million in seed round led by Lumikai Fund & Fireside Ventures

Eetika Kapoor

Belly button shaper to ayurvedic ice cream — here are the most bizarre pitches on Shark Tank India

Rahul Verma

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