Ahlawat & Associates Advises Rooter Sports Technologies On Its ‘Pre-Series B Investment’ Round Of USD 16 Million
Ahlawat & Associates(“A&A”) has advised Rooter Sports Technologies Private Limited, on its ‘Pre-Series B Investment’ round wherein the investment was a combination of debt and equity investments and was led by Lightbox Ventures III, followed by investments from existing investors along with witnessing participation from new investors.
The deal value of the Pre-Series B Investment round amounted to approximately USD16 Million.
Rooter Sports, with its registered office in Delhi, is engaged in the business of operating a gaming content platform, including a streaming platform for gamers around the world. The Company has emerged as the largest player in the Indian games streaming category with over 50 million downloads, making it the number one application in the ‘Sports’ category on Google Play Store since October 2020 and catering to over 1 million active creators on its platform on a monthly basis.
A&A has been associated with the Company since its inception and this deal marks A&A’s yet another accomplishment in executing and closing this momentous funding round for the Company.
Mr. Uday Singh Ahlawat, (Managing Partner) led the deal from A&A team and the team included Ms. Sheena Ogra (Partner), Ms. Shweta Singh (Senior Associate), Ms. Shramona Sarkar (Senior Associate), Mr. Himanshu Seth (Associate), and Ms. Akanksha Arora (Associate).