The Turnip gaming app gets $ 1.63 million from Elevation Capital, others

On Thursday, Live Stream Streaming and the Turnip Community Platform secured $ 1.63 million in early stage funding from venture capital firm Elevation Capital and Better Capital. Turnip plans to use the fund to expand its reach to more players by creating a scalable and pioneering product. The startup also plans to recruit talent to build the future of the game, it said in a statement. The app is available on Playstore.

Launched just five months ago, the Turnip app already has over 2.50,000 users. Turnip was founded in April 2020 by Pooja Dubey and Aditya Sharma and has since grown into a 12-member team of individuals and game enthusiasts from new age companies like Google, Spotify, Flipkart, Cure Fit, Razorpay, Rivigo, Paytm and Swiggy.

The mobile gaming market has over 600 million players who spend more than an hour on their device every day, which is above the average of 45 minutes spent on OTT platforms such as Netflix. Vaas Bhaskar of Elevation Capital, formerly Saif Partners, said “game streaming has moved on from be a niche subculture for the mainstream in the country. Six of the 10 best YouTube live streams of 2020 were Indian. Creators like Total Gaming (19.1 million), Dynamo Gaming (9.1 million), Carry Minati (8.3 million), MortaL (6.3 million) and Scout (3.3 million) have become household names. Additionally, casual game creators such as Live Insaan (5 million), Mythpat (6.3 million) and Tanmay Bhat (2.8 million) have successfully introduced a non-gaming audience to games.

(This story has not been edited by Devdiscourse staff and is automatically generated from a syndicated feed.)

News Highlights:

  • On Thursday, Live Stream Streaming and the Turnip Community Platform secured $ 1.63 million in early stage funding from venture capital firm Elevation Capital and Better Capital. Turnip plans to use the fund to expand its reach to more players by creating a scalable and pioneering product.
  • The Turnip gaming app gets $ 1.63 million from Elevation Capital, others