Ranida Games, a Philippine-based game development studio announced today that Discovery Nusantara Capital (DNC) has invested an undisclosed amount to scale up the company’s operation and to accelerate its growth. DNC is a Jakarta-based early stage technology venture fund with a focus on the Southeast Asian gaming industry.
Ranida Games is headed by its founder and CEO Ben Joseph Banta who has more than 10 years of industry experience and has produced massive hits and popular online flash game franchises such as Sniper Assassin, Potty Racers, and Dragon Slayers. Ranida’s core team members were former Gonzo Games’ employees who were also responsible for the design and development of Q*Bert: Rebooted for PC and PlayStation.
According to Banta, the partnership with DNC is a good opportunity for the Philippine-based startup to grow globally. “DNC’s experience and game industry connections will bode well for us as we embark on creating more engaging and interactive storylines with an international appeal,” he said. “It also comes at an opportune time since our company aims to continue creating casual games and eSports enabled game applications,” he continued.
“We plan to use the new funding to further develop our basketball game engine which now has localized versions for the Philippines (Philippine Slam), Thailand (TBL Slam), and Vietnam (VBA Slam). Likewise, to support the ongoing development of our fighting game Bayani for PC and mobile,” Banta explained.
Founded in 2015, Ranida Games positioned itself as a content publisher for its self‐produced games, collaborator with other developers/publishers, and game service provider for companies locally and abroad. Ranida has established its mark locally by releasing Filipino-themed games anchored by its hit mobile game PBA Philippine Slam. Some of Ranida’s popular works include Super 3pt Shootout and Super Bheem Clash, developed in partnership with Indian mobile game publisher Nazara Games.
“We initially developed games for the local market because we wanted to establish our business locally and build a local user base while we’re also growing our team. We are moving towards the goal of bringing world-class content to a wider market,” said Walter Manalo, co-founder of Ranida Games.
Once established, Ranida also plans to extend support to Philippine indie game developers through collaborations. “We’re rich in highly skilled and creative local talents with great game ideas and we plan to serve them as their partner,” Manalo stressed.
Irene Umar, co-founder & Managing Partner of DNC commented on why the venture capital firm decided to make their first investment in the Philippines. “We decided to invest in Ranida mainly because of the founders,” he said. “They have the vision and attitude that aligns with DNC’s – which is to grow the ecosystem and present local culture to the world. In addition, the quality of work and work ethics that these guys have are top notch,” she continued.
According to Umar, clarity of vision, good attitude, speedy execution, and founder’s good hearts are keys to good companies. “And DNC wants to back such companies,” she added.
Congratulations on Ranida Games!