Investment Tips

Rejections are common for startups looking for investment, say founders of Bombay Play

0
If you want to begin a startup then just start up. Rejection and defeat are very common but overcoming them with courage and determination is what is needed. Just spare a few minutes to find what the founders of Bombay Play that got investment have to say..

Bombay Play

It was with this belief that Oliver Jones and Abhas Saroha started Bombat Play in 2016. Bengaluru-based Bombay Play started as a hobby company selling physical board games and card games on Amazon and currently it makes multiplayer social games on the web. Now, as you start your journey here are a few lessons from the entrepreneur directly.

About the founders

Oliver Jones and Abhas Saroha founded Bombay Play. Jones has worked at studios including Glu Mobile and Zynga, and co-founded Moonfrog Games, which has developed the card game Teen Patti Gold. Saroha led engineering departments at Zynga and Moonfrog, and has also worked with travel portal MakeMyTrip.com.

Initial struggle

Every entrepreneur has to go through a lot of struggle. When Jones and Saroha started their journey, investors were very skeptical about the hits-driven nature of the gaming market. India has not seen any big companies made or many exits in this space. This translated into a lot of scepticism during the company’s pre-launch period. Despite all skepticisms, the duo went ahead with their venture and finally succeeded in establishing it.

Rejections are common

“It’s rare for any startup not to face any rejection. But if you keep in mind that there is plenty of capital looking for promising startups, as a founder you just need to strive for outreach,” told Jones to Chalgenius. One should not sit back after facing a rejection. Instead, he/she should start afresh with new vigor.

Current position

Although the founders went through a lot of obstacles in the beginning, they overcame all difficulties. Till now, the company has received an investment amounting to $2.5 million from Leo Capital, PlayCo and Lumikai.

Future plans

Bombay Play plans to accelerate the development of several products including live games, social games, and multiplayer card and strategy board games. It will also concentrate on existing properties, which include Card Party, a game that has been downloaded over 10 million times. Along with this, the company is also actively hiring talent across multiple roles.

Dos and donts for entrepreneurs

Do:
– Startup early, some skills you can only build through daily hands on practice
– Don’t be too particular about having a good idea, just start somewhere.
– Pay attention to your data

Dont:
– Spend too long searching for one great ‘idea’
– Try to do everything at once!
– Try to do everything yourself.

Message for budding entrepreneurs.

You need people from all walks of life to build a company, so learn how to work with people who think differently.

You also want to feature your start-ups here. No Worries. Call or whatsapp at 8910430165. Please click to know more about us

Chalgenius is not just a media site. It creates more business opportunities for you by connecting you with thousands of potential customers, investors, accelerators and mentors across the country. Come grow your business with us. Contact us at 8910430165 or mail at chalgeniusss@gmail.com for further details.

Please subscribe our YouTube channel and like our Facebook page to know more about such inspiring startups.

Get more stuff like this

Subscribe to our mailing list and get interesting stuff and updates to your email inbox.

Thank you for subscribing.

Something went wrong.

Looking to hire somebody for your start-up? Find out what the experts have to say!

Previous article

Two women entrepreneurs from Jhansi are on a mission to offer high quality renewable energy solutions across the country

Next article

Comments

Leave a reply

Your email address will not be published. Required fields are marked *

Get more stuff like this
in your inbox

Subscribe to our mailing list and get interesting stuff and updates to your email inbox.

Thank you for subscribing.

Something went wrong.