Total amount raised
$46.1 Millions
Latest funding date
Location
Rooter has successfully raised significant funding over multiple rounds, establishing itself as a prominent player in the gaming and esports content industry. The platform offers a comprehensive suite of live gaming, live streams, videos, and reels, catering to millions of gaming enthusiasts in India.
Keep reading to explore the intricacies of Rooter's fundraising journey and the investors backing this dynamic platform.
What Is Rooter?
Rooter, founded on May 20, 2016, by Akshat Goel, Dipesh Agarwal, and Piyush Kumar, is headquartered in New Delhi, India. The platform is renowned for being India's largest game streaming and esports content provider, offering live gaming, live streams, videos, and reels.
Rooter has established partnerships with leading esports tournament organizers and top esports teams in India, creating a vibrant community for gaming enthusiasts. The company employs between 101-250 people, contributing to its dynamic and growing presence in the industry.
For more detailed information, you can visit their Crunchbase profile or their official website.
How Much Funding Has Rooter Raised?
- Seed Round
- Amount Raised: $600K
- Date: August 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the platform and develop initial features.
- Seed Round
- Amount Raised: $1.7M
- Date: May 2020
- Lead Investors: Founder Bank Capital, LEAD, Paytm, Rockstud Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the user base and enhance platform capabilities.
- Seed Round
- Amount Raised: $2.3M
- Date: June 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and increase market presence.
- Series A
- Amount Raised: ₹1.9B
- Date: January 2022
- Lead Investors: Duane Park, Lightbox, March Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support rapid growth and technological advancements.
- Venture Round
- Amount Raised: $16M
- Date: May 2023
- Lead Investors: Lightbox
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance technology capabilities and expand market presence.
- Non-Equity Assistance
- Amount Raised: Not publicly disclosed
- Date: July 2023
- Lead Investors: Google for Startups
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To receive strategic support and resources from Google.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: January 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To control burn and acquire gaming assets.
Total Amount Raised: $20.6M
Current Valuation: Not publicly disclosed
Key Investors
- Lightbox
- Details: Lightbox is a venture capital firm that focuses on high-growth potential startups, particularly in the tech and consumer sectors. They have been a significant investor in Rooter, leading multiple funding rounds.
- Investment Focus Areas: Technology, consumer internet, mobile-based platforms.
- Notable Investments: Rebel Foods, Furlenco, Droom.
- Trifecta Capital
- Details: Trifecta Capital specializes in providing venture debt and equity to high-growth startups. They joined Rooter's board of directors as part of the recent funding round.
- Investment Focus Areas: Venture debt, growth-stage companies.
- Notable Investments: BigBasket, UrbanClap, CarDekho.
- Duane Park Ventures
- Details: Duane Park Ventures is an existing investor in Rooter, participating in multiple funding rounds. They focus on early-stage investments in tech and consumer sectors.
- Investment Focus Areas: Early-stage startups, technology, consumer sectors.
- Notable Investments: Not publicly disclosed.
- leAD Sports & Health Tech Partners
- Details: leAD Sports & Health Tech Partners focuses on investments in sports and health technology. They have been an existing investor in Rooter, supporting its growth in the esports sector.
- Investment Focus Areas: Sports technology, health technology.
- Notable Investments: Not publicly disclosed.
- Paytm
- Details: Paytm is a leading digital payments company in India, known for its extensive range of financial services. They have invested in Rooter to support its expansion in the gaming and esports content market.
- Investment Focus Areas: Digital payments, fintech, e-commerce.
- Notable Investments: Paytm Mall, Paytm Payments Bank, Paytm Money.
What's Next for Rooter?
Rooter stands at the cusp of significant growth opportunities, driven by the booming gaming and esports content industry. With plans to enhance technology, expand its creator ecosystem, and explore international markets like Southeast Asia and the MENA region, the platform is poised to capitalize on the increasing demand for personalized user experiences and strong recommendation engines. The potential to cross $10 million in annual recurring revenue (ARR) and achieve profitability by April 2024 underscores the vast opportunities ahead.
Future fundraising rounds seem likely as Rooter continues to scale its operations and explore strategic acquisitions to bolster its market presence. However, the company must navigate challenges such as maintaining operational sustainability while expanding rapidly and competing with established platforms. Balancing growth with profitability will be crucial as Rooter aims to solidify its position as a leading gaming content provider.
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