Dream Sports to acquire mobile gaming studio Rolocule

Rolocule Games focuses on mid-core games in India, which bring millions of downloads globally.

Dream Sports acquired Rolocule Games for an unrevealed amount on Monday. Rolocule in India focuses on mid-core, short-lived, and somewhat complex mobile games. The startup is being renamed Dream Sports Studios.

Dream Capital, a $250 million venture fund for early-stage sports, fitness, and game technology startups, was launched last week in Mumbai by Dream Sports. Over the next 12 to 24 months, the fund plans to invest in some 20 startups.

Dream Capital will focus on firms with potential annual revenue of $100 million, with investments ranging from $1 to $100 million in the next five years.

Dream Sports has a separate Dream Sports investments vehicle. In May, DSI invested $50,000,000 in the FanCode cricket streaming company.

Dream Sports can offer startups access to its 125 million user bases in addition to funding through its network.

Rolocule Games is a Pune-based mobile games developer and was backed by top-tier investors, including Blume Ventures, Mumbai Angels, and CIIE (IIM Ahmedabad).

Rohit Gupta continues to lead the Dream Game Studios, focusing on premium interaction gaming experiences on mobile phones.

In a press statement, Rohit Gupta, Founder, Rolocule, said, “This is a well-deserved validation for mid-core games in India, and our team has worked incredibly hard to reach this point. Our goal is to bring world-class long-lasting game franchises and IPs from India. We are thrilled to take this step together with Dream Sports.”

Established in 2010, Rolocule Games focuses on mid-core games in India, which bring millions of downloads globally, including FlickTennis, Dead Among Us, Dance Party, and Bowling Central.

Harsh Jain, Co-founder, and CEO of Dream Sports said, “Dream Sports has a collective user base of 125 million sports fans, and we recognize the great growth opportunities in sports, gaming, and fitness-tech in India. As entrepreneurs ourselves, we are here to back other entrepreneurs through Dream Capital and provide them with access to our 125 million-strong user base and operational support from our expert team of CXOs.

Dream Capital has already begun deploying its corpus, including SoStronk and Elevar, and investing in eight companies.

Dev Bajaj, Managing Director, Dream Capital, said, “As a multi-stage CVC, we provide patient capital plus deep tactical insights to startups to increase their probability of success. We aim to complement entrepreneurs with our strategy, product, and marketing knowledge that is not typically accessible at an early stage. Dreamcast is always looking to add talent to its team of entrepreneurs and VC/PE professionals with a passion for sports and gaming.

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