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Mobius Receives 25 Crore Investment From Angel Investors

Gaming startup Mobius claims to have generated ₹25 crore in transactions on its gaming platform 777Games. Mobius is a tech company that develops gaming solutions. On Monday, the brand announced that new investors Kishore Ganji, Rajesh Manthena, Naresh Naik will be investing in the company. Mobius has seen unprecedented growth and hands-on experience in the gaming industry. 

The three investors will help Mobius boost its growth and expansion. Naik currently runs Irep Credit Capital but he formerly was a director at Morgan Stanley. Ganji is the founder and CEO at Astir IT Solutions and he is a serial angel investor. Manthena is also a serial entrepreneur in the healthcare business and is currently a part of Hyderabad Angels. 

Prashanth Joshua, CEO, Mobius said, “The platform has made great progress over one year and it is evidenced by the consistent growth. This round of financing will be instrumental as we keep investing in technology, products, people, and customer acquisition in order to fuel our growth.”

ALSO READ: India Among Top 10 Nations That Tweet Most About Gaming

He further added, “We have been able to scale our business funnels at very low user acquisition costs and wish to establish healthy unit economics. We also plan to launch new products on the platform and a next-gen upgrade which will help us position ourselves as one of the best gaming platforms in the country.”

Talking about Mobius, Naresh Naik said, “The ability of Mobius to leverage best-in-class technology as well as deep industry expertise has helped it to grow so rapidly. Mobius has a proven business model and with its help, the brand has been able to scale better than its peers.”

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