LILA Games
LILA Games is a technology company.
Financial History
LILA Games has raised $13.0M across 2 funding rounds.
Frequently Asked Questions
How much funding has LILA Games raised?
LILA Games has raised $13.0M in total across 2 funding rounds.
LILA Games is a technology company.
LILA Games has raised $13.0M across 2 funding rounds.
LILA Games has raised $13.0M in total across 2 funding rounds.
LILA Games is a Bengaluru-based game development studio founded in 2019, specializing in ambitious free-to-play (F2P) shooter games for mobile platforms, with its flagship project being Project Black, a social extraction shooter designed to deliver unmatched challenge and social engagement.[1][2][4] The company targets the global mobile gaming industry, serving players seeking immersive, high-quality F2P experiences amid India's rapidly growing gaming market, while solving the challenge of creating compelling, optimized shooters that stand out in a crowded genre dominated by titles like PUBG Mobile.[1][2][6] At Series A stage with $12.8M raised (including a $10M round two years ago), LILA demonstrates strong growth momentum through iterative development, global talent acquisition, and a focus on gameplay refinement, positioning it as an emerging player in mobile F2P shooters.[1][3]
LILA Games was founded in 2019 in Bengaluru, India, by a team including Avinash, the Co-founder and CTO, who brings experience from top-grossing titles and emphasizes practical engineering for players and developers.[2][5] Joseph Kim serves as CEO, known for candid insights on mobile gaming monetization and building adaptive "learning organizations."[7] The idea emerged from a long-term bet on India's booming gaming market post-smartphone proliferation, aiming to leverage local talent while attracting global expertise to create groundbreaking F2P shooters.[4][6] Early traction involved structuring into Tech, Design, Art, and Product teams, with pivotal moments like shifting from design to intensive gameplay iteration and playtesting for Project Black, addressing optimization challenges for diverse mobile devices by building custom tech from scratch rather than relying solely on engines like Unity or Unreal.[2][6]
LILA Games stands out in the competitive mobile F2P shooter space through:
LILA Games rides the wave of India's exploding mobile gaming market, fueled by smartphone adoption and rising player demand for high-quality F2P experiences, positioning it against competitors like Sipher and Thetan Arena in multiplayer shooters.[1][6] Timing is ideal as global F2P shooters evolve toward social, extraction-style gameplay and hybrid monetization (liveops, eSports), with market forces like AI-driven content and player-owned economies favoring optimized, ambitious titles over generic builds.[1][7] By building from India with global reach, LILA influences the ecosystem by upskilling local talent, proving high-caliber development is viable beyond traditional hubs, and contributing to monetization shifts that boost LTV in genres like shooters.[2][3][6][7]
LILA Games is poised for soft launch of Project Black after nailing gameplay modes via playtesting, with next steps including social 3D features, optimization for broad devices, and scaling monetization through liveops and eSports to capture India's growth and global F2P demand.[6][7] Trends like AI-enhanced events, regional player wallet shifts, and extraction shooter popularity will shape its path, potentially evolving its influence from a promising studio to a benchmark-setter if it delivers on custom tech and iteration promises.[1][7] This long-term India bet, rooted in people-changing principles, could redefine mobile shooters, echoing LILA's opening mission for the world's most ambitious F2P experiences.[4]
LILA Games has raised $13.0M in total across 2 funding rounds.
LILA Games's investors include AngelPad, BITKRAFT Ventures, BoxGroup, Crosslink Capital, East West Ventures EWV, ENIAC Ventures, Galaxy Interactive, Great Oaks Venture Capital, Kindred Capital VC, Lightspeed Venture Partners, Makers Fund, Menlo Ventures.
LILA Games has raised $13.0M across 2 funding rounds. Most recently, it raised $10.0M Series A in March 2022.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Mar 1, 2022 | $10.0M Series A | AngelPad, BITKRAFT Ventures, BoxGroup, Crosslink Capital, East West Ventures EWV, ENIAC Ventures, Galaxy Interactive, Great Oaks Venture Capital, Kindred Capital VC, Lightspeed Venture Partners, Makers Fund, Menlo Ventures, Hans Tung, Robin Li, Notion Capital, Polygon, Pro Founders Capital, Rainfall Ventures, Shine Capital, Slow Ventures, The Finger Group, Valar Ventures, Weekend Fund, Y Combinator, Balaji Srinivasan, Ben Lin, Eben Pagan, Kevin Lin, Kristian Segerstrale, Nate Mitchell, Scott Belsky, Tegan Kline, Tekin Salimi, Thomas Vu | |
| Nov 1, 2020 | $3.0M Seed | AngelPad, BITKRAFT Ventures, BoxGroup, ENIAC Ventures, Galaxy Interactive, Great Oaks Venture Capital, Menlo Ventures, Notion Capital, Pro Founders Capital, Shine Capital, Slow Ventures, The Finger Group, Weekend Fund, Y Combinator, Ben Lin, Eben Pagan, Scott Belsky |