About Mayhem Studios
Mayhem Studios is a Media & Entertainment company based in Bengaluru (India) founded in 2022. AAA battle royale games are developed for competitive gameplay. Mayhem Studios has raised $20 million across 2 funding rounds from investors including MPL, Truecaller and Hashed Emergent. The company has 81 employees. Its chief executive, as recorded, is Ojas Vipat. Its Indian entity Mayhem Studios India Private Limited reported revenue of ₹39.40 Cr. Its focus areas include Mobile, Mobile Gaming, Game Developers and Core.
Company details
Mayhem Studios was founded in 2022 in Bengaluru, India, focusing on the video game development sector. Immersive experiences are created through battle royale titles set in cultural contexts, featuring unique locations, weaponry, and factions that drive narrative and competition. Operations include closed beta testing and community playtests to refine products before release.
- Headquarters Bengaluru, India
- Employees 81
- SectorsMedia & Entertainment
- Website mayhem-studios.com
- Social LinkedIn X
- Legal Name Mayhem Studios India Private Limited
- Date of Incorporation 08 Dec, 2022
- Annual Revenue₹39.40 Cr
FY 2025 · -5% YoY
- Net Loss-₹10.04 Cr
FY 2025 · -25% margin
- EBITDA-₹8.19 Cr
FY 2025 · -21% margin
- Total Equity Funding$20M (USD)
in 2 rounds
- InvestorsMPL
& 5 more
- Employee Count81
Associated legal entities of Mayhem Studios
Mayhem Studios operates through Mayhem Studios India Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Mayhem Studios India Private Limited CIN U72300KA2022FTC168743 | Active | 08 Dec 2022 | Bangalore, Karnataka | ₹39.4 Cr | 89 | 2 | View details |
Funding Insights of Mayhem Studios
Mayhem Studios has successfully raised a total of $20M across 2 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $20M
- Total Rounds 2
- First Round $20M
(Apr 2023)
- Investors Count 6
All 2 funding rounds of Mayhem Studios with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2024 | Series A | – | Lumikai | – | |
| Apr 2023 | $20M | Series A | – | Sequoia Capital |
6 investors in total: 6 institutional.
Investors in Mayhem Studios
Mayhem Studios has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include MPL, Truecaller and Hashed Emergent.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investments are directed toward entertainment sectors. | lumikai.com | Delhi, India | ||
Sequoia Capital is engaged in venture capital investments. | 1972 | sequoiacap.com | ||
Innovation in distributed networks and emerging technologies is facilitated by Hashed Emergent. | 2021 | hashedem.com | Dubai, United Arab Emirates | |
Truecaller is recognized as a leader in caller ID and spam blocking software. | 2009 | truecaller.com | Stockholm, Sweden | |
Real money skill-based gaming is facilitated through an online platform. | 2018 | mpl.live | Bengaluru, India | |
Invests in public and private companies with focus on technology and growth sectors. | 2009 | steadview.com | London, United Kingdom |
Investor details for Mayhem Studios
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Mayhem Studios India Private Limited (Mayhem Studios)
Mayhem Studios India Private Limited is the primary company behind Mayhem Studios. The board of Mayhem Studios India Private Limited currently have 2 directors; the longest-serving is Dhiresh Kumar Nagwani, appointed in 2025. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Dhiresh Kumar Nagwani DIN 08913397 | Additional Director | 31 Jan 2025 | 1 yr 8 mo | Mayhem Studios India Private Limited |
| Bhushan J Kaushik DIN 11361843 | Additional Director | 28 Nov 2025 | 11 mo | Mayhem Studios India Private Limited |
People of Mayhem Studios
1 people are tracked at Mayhem Studios (1 in leadership); the tracked headcount is 81.
| Name | Role | Group |
|---|---|---|
Ojas Vipat | CEO | Leadership |
Complete people profiles for Mayhem Studios
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Mayhem Studios
Figures of Mayhem Studios India Private Limited, the primary company behind Mayhem Studios, for FY 2025. Revenue was ₹39.40 Cr (-5% year on year). Net loss was -₹10.04 Cr (-25% margin). EBITDA was -₹8.19 Cr (-21% margin).
- ₹39.40 CrRevenue · FY 2025 · -5% YoY
- -₹10.04 CrNet loss · -25% margin
- -₹8.19 CrEBITDA · -21% margin
- ₹13,560Paid-up capital
- 89Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Mayhem Studios India Private Limited are on its company page.
Detailed financial statements for Mayhem Studios
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Mayhem Studios
3 dated milestones of Mayhem Studios across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Mayhem Studios is founded.
- Funding First funding round of $20.0M.
- Funding Latest funding round, Series A,.
Top companies in MMORPG & Online Gaming
3 companies that operate in the same segment as Mayhem Studios (MMORPG & Online Gaming) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Operator of a platform providing skill-based games and interactive entertainment | 2018 | Delhi, Delhi, India | USD 92 M | USD 83.05 M | 1 | |
Operator of a multifaceted platform for sports content and experiences | 2008 | Mumbai, Maharashtra, India | USD 942.17 M | USD 509.95 K | 1,310 | |
Skill-based online games are provided through a technology-driven platform. | 2006 | Mumbai, Maharashtra, India | USD 98.07 M | USD 264.51 M | 777 |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Mayhem Studios
Complete news archive for Mayhem Studios
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Mayhem Studios
Mayhem Studios was founded in 2022 and raised its 1st funding round 1 year after it was founded.
Mayhem Studios is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Ojas Vipat is the CEO of Mayhem Studios, as recorded in our data.
Mayhem Studios is a funded company, having raised a total of $20M across 2 funding rounds to date. The company's 1st funding round was a Series A of $20M, raised on Apr 2023.
Mayhem Studios has 81 employees.
The primary company behind Mayhem Studios, Mayhem Studios India Private Limited, reported revenue of ₹39.40 Cr for FY 2025, down 5% year on year.
Mayhem Studios was founded in 2022 in Bengaluru, India, focusing on the video game development sector. Immersive experiences are created through battle royale titles set in cultural contexts, featuring unique locations, weaponry, and factions that drive narrative and competition. Operations include closed beta testing and community playtests to refine products before release.
Mayhem Studios has 6 investors. Key investors include MPL, Truecaller, Hashed Emergent, Lumikai, and Sequoia Capital.
Mayhem Studios operates through Mayhem Studios India Private Limited.
The legal entities of Mayhem Studios currently have 2 directors, including Dhiresh Kumar Nagwani, Bhushan J Kaushik.