Gaming Community Startup Turnip raises $12.5 million in Series A round
- ByTejika Bajaj | January 15, 2022
The online gaming community startup Turnip recently announced that it has raised a sum of $12.5 million in Series A round of funding led by Greenoaks and existing investor Elevation Capital. The round also saw participation from investors like SEA Capital, Vibe Capital, Andrew Chen, Harshil Mathur and Shashank Kumar (co-founders, Razorpay), and Akshay Kothari among others.
This announcement comes just a few months after the gaming startup raised $1.6 million in a funding round led by Elevation Capital and Better Capital. The company officials have revealed that the recently infused funds would be utilized to scale the presence of the startup across multiple geographies including Southeast Asia and Latin America by the end of 2022. Furthermore, the startup also intends to deploy the funds to hire more personnel and focus on product development.
“We believe that modern gaming is a fundamentally social experience,” said Neil Shah, partner at Greenoaks. “Today’s streamers and other creators want to cultivate deep, personalized, and persistent relationships with their fans, with a richness that’s impossible to achieve on Twitch or YouTube alone. Turnip is building a platform that transforms passive viewers into an actively engaged community, delighting fans while enabling new options for creators, from subscriptions, to events, to sponsor ships, and more.”
Founded in 2020 by advent gamers Pooja Dubey and Aditya Sharma, Turnip allows creators to formulate clubs wherein they can stream and record their games for their fans and facilitate conversation with the same through talk on audio and video, texting, esport tournaments and masterclasses. Till date the startup has 5 million users of which 45% are from diverse countries except India including Latin America, US, Europe and Middle East.
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