Total amount raised
$15.7M
Latest funding date
2025-07-31
Location
Stan has successfully raised significant funding over multiple rounds, attracting a diverse group of investors. The platform offers innovative solutions designed to meet the evolving needs of its users.
What Is Stan?
Stan (getstan.app) is a Bengaluru, India-based mobile-first social gaming platform founded in 2022 by Parth Chadha, Rahul Singh, and Nauman Mulla. The platform connects gaming creators, publishers, and communities through tools for live audio, creator clubs, and real-time monetization, enabling creators to build and monetize communities via subscriptions, shoutouts, and brand-led activations.
Stan has accumulated over 25 million downloads with a strong footprint in India's tier-2 and tier-3 markets, and has attracted backing from global gaming giants, major venture capital firms, and strategic investors across multiple funding rounds.
How Much Funding Has Stan Raised?
- Seed Round
- Amount Raised: $2.5M
- Date: May 2022
- Lead Investors: General Catalyst
- Participants: Better Capital, Eximius Ventures, and angel investors including Aadil Mamujee (OpenSea), Nakul Gupta (Coinbase)
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To launch the platform focused on esports fan engagement, digital collectibles/NFTs, and community building around BGMI and FreeFire titles in India.
- Pre-Series A Round
- Amount Raised: $2.7M
- Date: January 2024
- Lead Investors: Not publicly designated
- Participants: Aptos Labs, Pix Capital, Maelstrom Fund, GFR Fund (new); General Catalyst, CoinDCX Ventures, Climber Capital, TDV Partners, CoinSwitch Ventures (returning/additional)
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To grow creator supply, expand the fanbase, and enhance platform monetization capabilities.
- Secondary Market
- Amount: $2.2M (INR 18.4 Cr)
- Date: September 2024
- Acquirer: Nazara Technologies (acquired 15.86% stake via all-cash secondary transaction from existing shareholders through subsidiary Nazara Dubai FZ)
- Valuation at Round: Not publicly disclosed
- Motivation: To provide liquidity to early investors and align Nazara's strategic gaming interests with Stan's growth trajectory.
- Series A (Initial Close)
- Amount Raised: $8.5M
- Date: July 31, 2025
- Lead Investors: Bandai Namco Entertainment INC., Square Enix, Reazon Holdings, Google AI Futures Fund
- Participants: Aptos Labs, King River Capital, General Catalyst, GFR Fund, T-Accelerate Capital, Pix Capital, Nazara Technologies (existing)
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fuel AI-led personalisation, creator monetisation tools, deeper publisher integrations, and expansion in mobile-first markets globally.
- Series A (Final Close)
- Amount Raised: Additional $2M (total Series A: $10.5M)
- Date: November 19, 2025
- Lead Investors: Sony Innovation Fund
- Participants: Hyderabad Angels Fund (HAF VC)
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support further expansion in mobile-dominant gaming markets and strengthen the platform's AI and creator ecosystem.
Total Amount Raised: At least $15.4M based on disclosed funding (Seed $2.5M + Pre-Series A $2.7M + Series A $10.5M, excluding the $2.2M secondary market transaction). Current Valuation: Not publicly disclosed.
Key Investors
The major investors in Stan include:
- General Catalyst
- Details: General Catalyst led Stan's May 2022 seed round — the firm's first Web3/crypto investment in India. Partner Anand Chandrasekaran highlighted the rapid growth of esports and Web3/NFTs in India and praised Stan's inside knowledge of the space.
- Investment Focus Areas: Consumer technology, esports, Web3/NFTs, India
- Google AI Futures Fund
- Details: Google's AI Futures Fund participated in Stan's Series A (July 2025), signalling strong conviction in Stan's AI-driven social gaming roadmap.
- Investment Focus Areas: Artificial intelligence, consumer internet, mobile platforms
- Bandai Namco Entertainment INC.
- Details: One of Japan's leading gaming companies, Bandai Namco participated as a key investor in Stan's Series A, reflecting the strategic alignment between global gaming publishers and India's fast-growing mobile gaming community.
- Investment Focus Areas: Gaming, entertainment, digital communities
- Sony Innovation Fund
- Details: The corporate venture arm of Sony Group Corporation joined Stan's Series A final close in November 2025, bringing the round to $10.5M total. CEO Kazuhito Hadano cited Stan's creator-first approach as a key reason for investment.
- Investment Focus Areas: Gaming, digital entertainment, creator economy
- Nazara Technologies
- Details: Nazara Technologies acquired a 15.86% stake in Stan for $2.2M in a secondary market transaction in September 2024, later adding to its stake via a further $1M secondary purchase, increasing its holding to approximately 14.57% before further dilution from Series A. Nazara is a diversified Indian gaming and sports media company.
- Investment Focus Areas: Gaming, esports, digital media, India
- Better Capital
- Details: Better Capital participated in Stan's seed round in May 2022. The firm is known for investing in early-stage Indian startups with high growth potential.
- Investment Focus Areas: Early-stage startups, India
- Eximius Ventures
- Details: Eximius Ventures participated in Stan's seed round. The firm focuses on supporting innovative startups across various sectors.
- Investment Focus Areas: Early-stage ventures, technology
What's Next for Stan?
Stan is poised to capitalize on the burgeoning Esports and Web3/NFTs markets. With plans to enhance fan experiences and partner with top gaming organizations, the platform aims to create unique collectibles and perks, including NFTs. This focus on popular gaming titles like BGMI and FreeFire presents a significant growth opportunity.
Future fundraising efforts are likely, as Stan continues to scale its operations and optimize its platform. The company is already in discussions to raise more capital, which will support strategic business growth and team expansion. However, challenges such as intense competition and maintaining a cohesive company culture during rapid growth may arise.
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