Gaming arcade operator Smaaash recreation Pvt. Ltd has raised contemporary funding from consumer-centric capitalist intuition Ventures, one person with direct information of the event told VCCircle.
Nikhil Vora, World Health Organization heads the risk capital firm, same that intuition has picked up a minority stake within the company. “I believe SMAAASH can have an especially attention-grabbing journey, being associate degree recreation player with a compelling product proposition and a artistic movement world play play.”
Vora, World Health Organization has joined the company’s board of administrators as a part of the dealings, same the VC firm has created an outsized investment in Smaaash, however didn’t disclose the quantum of funding. intuition generally invests between $7-10 million (Rs 45-65 crore) in its portfolio companies.
VCCircle, however, couldn’t in real time ascertain the money details of the funding spherical.
Smaaash is promoted by Shripal Morakhia, World Health Organization is attributable with building a number of the foremost putative Indian client and money services brands, as well as SSKI, Sharekhan, YOBOHO, Amar Chitra Katha and iDream Productions.