Rolocule Games, a Pune-based mobile games developer, has been acquired by Dream Sports, India’s leading sports technology company which runs Dream 11, FanCode, DreamSetGo, DreamPay, and Dream Capital. Rolocule was backed by top-tier investors including Blume Ventures, Mumbai Angels, and CIIE (IIM Ahmedabad). Post-acquisition, Rolocule will be rebranded as Dream Game Studios Rolocule founder Rohit Gupta, will continue to lead Dream Game Studios focusing on premium interactive gaming experiences on mobile.
Founded in 2010 by Rohit Gupta, Rolocule Games was a pioneer of mid-core games in India with games like Flick Tennis, Dead Among Us, Dance Party, and Bowling Central amassing millions of downloads globally. It was one of the few developers from India to have made a mark on the global stage with prestigious awards like the International Mobile Gaming Awards (IMGA) in Barcelona and the Silver Edison Award in San Francisco, USA. Rolocule is popularly known for Rolomotion technology that converts any mobile phone into a Nintendo Wii-like motion controller, which was integrated into games like Motion Tennis, Dance Party, Bowling Central, and more. Rolocule was also the developer of Virtual Reality (VR) games of two of the biggest tennis gland slams – Australian Open and Roland Garros. In 2018, Rolocule also became a case study at the world’s top business schools including IIM Bangalore and Harvard University.
Rolocule founder Rohit Gupta 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.”
Dream Sports recently announced the launch of a mega $250 million fund for its corporate venture capital and acquisitions arm, Dream Capital, to invest in sports, gaming, and fitness-tech startups. Dream Capital has already started deploying its corpus, investing across eight companies including SoStronk and Elevar, among others.
Dream Sports co-founder and CEO Harsh Jain said, “Dream Sports has a collective user base of 125 million sports fans, and we recognise 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 managing director Dev Bajaj said, “As a multi-stage CVC, we provide patient capital plus deep tactical insights to startups to increase their probability of success. Our aim is to complement entrepreneurs with our strategy, product, and marketing knowledge that is not typically accessible at an early stage. DreamCap is always looking to add talent to its team of entrepreneurs and VC/PE professionals with a passion for sports and gaming.”