Friday, May 10, 2013

African Gaming Company KULUYA Valued At $2 Million

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KULUYA.com, the online African gaming company, yesterday announced that it has raised another small seed stage investment valuing the company at $2 Million. The investment will be used to expand the gaming site’s commercial activities.

The news comes in the same week that KULUYA announces the launch of its brand new, redesigned site where users will be able to challenge other players to play, make bets, and make money through competitive cash games. Kunle Ogungbamila, Head of KULUYA said: “Without a doubt, we have the best team of designers and animators in the country, who have grown the company to a $2M valuation in six months. Our goal is to become one of the most successful media companies in Africa, and with today’s news, I see this as being totally achievable”.

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The African narrative is what fuels KULUYA-developed games and it has proved popular with gamers at home and abroad. KULUYA 2.0, launching this week, sees a shift from advertising play to a hybrid commerce platform and takes African gaming to the next level.
My Oga @ the Top, which was released mid-last month, was played 60,000 times within the first 72 hours.
KULUYA Chairman Jason Njoku said the African gaming space has a credible benchmark for how value should be attributed to this industry, and the $2M valuation is an exciting and critical turning point in KULUYA’s incredibly short history. He expressed his pride in the team that have worked tirelessly to get the company to this stage in only six months since launch.
Launched in October 2012, kuluya.com develops cross-platform games with African characters as the focus.  Since inception, the company has developed and launched 55 casual games and five mobile games. Games available on KULUYA include My Oga @ The TopMonkey Run and Penarity.  The team of 10, based in Lagos, Nigeria, design, animate and build all KULUYA games in-house.
otekbits.com

1 comment:

  1. I would like to suggest before selling software, must be test in functional and non-functional behavior of software.
    Gaming Industry today is one of the fastest growing entertainment industries. Game testing is a process of quality control of the software used in games.
    Indium uses industry-standard testing methods and quality assurance processes to meticulously test gaming software. Our professionals keep an eye out for the bugs that can potentially crash or break the game. We would like to break it before the users do! Fatal errors and failures in the game software is what our game testing professionals looks out for be it in the Alpha testing phase of the game or the release testing phase. Our game testers build a bug database for each game and keep updating that with every release.

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