Total amount raised
$3.4 Millions
Latest funding date
11/01/2022
Location
Driffle has successfully raised funding through multiple rounds, with its most recent being a Seed round closed on November 8, 2022. The company has attracted a diverse group of investors, including Better Capital and Amit Damani.
Driffle operates a digital goods marketplace tailored for gamers, offering a wide range of products such as video games, gift cards, and subscriptions. Keep reading to explore the intricacies of Driffle's fundraising journey and the investors backing this innovative platform.
What Is Driffle?
Driffle, founded in 2021, is an e-commerce platform specializing in digital goods. The company is headquartered in Bengaluru, Karnataka, India, and operates globally to connect gamers with sellers. Driffle offers a variety of products, including games, digital gift cards, and gaming points.
The company was founded by Abhishek Kumar, Chetan Bhardwaj, Gaurav Kumar Jha, and Mayank Chawla. With an employee count ranging from 11 to 50, Driffle aims to make online gaming accessible, affordable, and safer for gamers worldwide.
How Much Funding Has Driffle Raised?
- Seed Round
- Amount Raised: $3.4M
- Date: November 2022
- Lead Investors: BEENEXT
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: The funds will be used for hiring, enhancing tech infrastructure, product development, and expanding into new markets.
Total Amount Raised: $3.4M. Current Valuation: Not publicly disclosed.
Key Investors
- BEENEXT
- Details: BEENEXT is a venture capital firm established in 2015. It focuses on early-stage investments in South East Asia, India, and Japan.
- Investment Focus Areas: Early-stage startups, South East Asia, India, Japan
- Notable Investments: FitBudd, Shopr.TV
- JAFCO Asia
- Details: JAFCO Asia is a venture capital firm that invests in high-growth companies across various sectors. It is a subsidiary of JAFCO Co., Ltd., one of Japan's largest venture capital firms.
- Investment Focus Areas: Technology, healthcare, consumer products
- Notable Investments: Not publicly disclosed
- Taurus Ventures
- Details: Taurus Ventures is an investment firm that focuses on supporting innovative startups. The firm aims to provide strategic guidance and financial support to its portfolio companies.
- Investment Focus Areas: Technology, fintech, healthcare
- Notable Investments: Not publicly disclosed
- Better Capital
- Details: Better Capital is an early-stage venture capital firm that invests in technology-driven startups. The firm is known for its hands-on approach in helping startups scale.
- Investment Focus Areas: Technology, SaaS, consumer internet
- Notable Investments: Not publicly disclosed
- White Venture Capital
- Details: White Venture Capital is a venture capital firm that invests in early-stage companies. The firm focuses on providing both financial and strategic support to its portfolio companies.
- Investment Focus Areas: Technology, healthcare, consumer products
- Notable Investments: Not publicly disclosed
What's Next for Driffle?
Driffle is poised to capitalize on the burgeoning demand for digital gaming marketplaces. With a fresh infusion of $3.4 million, the company is set to expand into new markets, hire top talent, and enhance its tech infrastructure. These opportunities are vast, given the global reach and increasing popularity of digital gaming.
Future fundraising seems promising as Driffle continues to grow. The involvement of prominent investors in the seed round suggests potential for additional funding rounds. However, the company will need to navigate challenges such as managing rapid expansion and ensuring robust tech infrastructure to handle increased demand.
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