Mobile game development company LILA Games has raised $10 million in Series A financing round. The round was led by Rainfall and included participation from BITKRAFT Ventures, Galaxy Interactive, Sequoia Capital, and KRAFTON, Inc. In addition, notable angel investors also participated, including Ryan Wyatt, CEO of Polygon Studios; Tanay Tayal, Co-founder and CEO of Moonfrog Labs; and Thomas Vu, producer of Arcane: League of Legends.
LILA Games will use the investment to develop their first title and further build out their Bangalore, India based team.

• Max Healthcare to Set Up 450-Bed Pune Hospital; Shares Jump 2.75%
• KPI Green Energy Signs $4-Billion Botswana MoU; Shares Surge 3.25%
• Sun Pharmaceutical Shares Slump 3% as USFDA Highlights Facility 
• Mahindra Lifespace Launches Rs 1,900-Crore Bengaluru Project; Shares Fall 1.25%
• Stocks Under F&O Ban: Bandhan Bank

LILA Games was founded by Joseph Kim, former Chief Product Officer at SEGA and Studio Lead at FunPlus; Paul Leydon, former lead game designer at FunPlus and MZ; and Avinash Pandey, previous Co-Founder of JUNE Gaming & Ycombinator Alumni. Previously having launched top-grossing mobile game titles such as King of Avalon and Game of War, the team has combined their years of experience to launch a highly social survival/looter game.