Matiks raises $3.14 million in pre-Series A funding led by Tanglin Ventures

Funding details and investors

Matiks, a Bengaluru-based startup that develops maths-focused mobile games, has raised $3.14 million (approximately INR 27 crore) in a pre-Series A funding round. The round was led by Tanglin Ventures, with participation from Info Edge Ventures and angel investors including Unacademy’s Gaurav Munjal and Roman Saini, as well as Scapia’s Anil Goteti, according to Inc42.

The funding will be used to expand the team, increase marketing efforts, broaden product offerings, and enter new geographies, as stated by Matiks cofounder Sudhanshu Bhatia.

What Matiks offers

Matiks was founded in September 2024 by Sudhanshu Bhatia, Mohan Kumar, and Sushant Timmapur. The platform provides mobile games designed to test users’ mathematical skills, allowing them to compete against each other. The games span categories such as speed, memory, and puzzles, and the platform also hosts weekly contests to boost user engagement.

The startup currently has around 100,000 users and has achieved over 50,000 downloads on the Google Play Store. Its apps are available on both iOS and the Google Play Store, with additional access via its website. Matiks also features social elements, including the ability to add friends and a Discord community. Recently, it launched a paid ‘Creators Programme’ to let users build communities on the platform.

Market context and regulatory impact

Matiks operates in India’s gaming industry, which is valued at $3.8 billion and is projected to reach $9.2 billion by FY29, according to Inc42. The market has been dominated by real money gaming, but recent regulations, including ‘The Promotion and Regulation of Online Gaming Bill, 2025,’ have banned such models.

This regulatory shift has significantly impacted major players like Dream11, Games 24X7, and MPL, whose real money gaming operations have been halted. Matiks’ skill-based, non-monetary gaming model positions it differently in this evolving landscape.

What this means

Lazyfounder analysis — our interpretation, not reported fact.

Matiks’ funding round signals growing investor interest in skill-based gaming platforms, particularly in India where regulatory changes have disrupted the real money gaming sector. For founders, this round highlights a potential opportunity to explore non-monetary gaming models that align with the new regulatory framework. The participation of edtech-linked angels like Unacademy’s founders also suggests a blurring of lines between gaming and learning, which could open avenues for startups combining education and engagement.