Ratan Tata invests in kids gaming startup MadRat

MadRat Games is an innovative startup with an aim to provide the world a more wholesome, happy and healthy way of living. Founded by IIT Mumbai and Carnegie Mellon alumnus Rajat Dhariwal along with his team Madhumita Halder and Manuj Dhariwal in 2010, the offline product gaming startup will use the proceeds for product development and pre-order campaign. Initially, it built offline educational games such as board games, learning puzzles, toys and mobile games.

Ina fresh turn of events MadRat Games, has raised fresh funds from a consortium of investors including Ratan Tata, Ola’s founders Bhavish Aggarwal and Ankit Bhati, Flipkart’s founder Binny Bansal, and Girish Mathrubootham of Freshdesk. The total amount raised by the company comes to over $2.5 million with this funding round.

MadRat had launched the prototype of SuperSuit at Consumer Electronic Show (CES) 2016 in Vegas this January. The company has now opened the early bird registrations for the game. The gaming platform SuperSuit is said to be world’s first wearable gaming platform that reduces screen time, increases social interaction, physical activities and takes kids & families outdoors to play with each other.

Online jewellery retailer Bluestone.com, one of the early start-up bets of Tata group chairman emeritus Ratan Tata, is in advanced talks to raise about Rs.200 crore in a fourth funding round led by venture capital firm Iron Pillar.