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Bangalore-based social gaming company HashCube raises funds from Indian Angel Network

Indian Angel Network has made an undisclosed
investment in HashCube, a Bangalore based social gaming company. IAN investors
including Sharad Sharma, RajanAnandan and Hemant Kanakia have invested in the
company.

Indian Angel Network has made an undisclosed
investment in HashCube, a Bangalore based social gaming company. IAN investors
including Sharad Sharma, RajanAnandan and Hemant Kanakia have invested in the
company.

HashCube makes popular puzzle games like
Sudoku Battle and Sudoku Quest on social networking sites and mobile platforms.
The company has been founded by Deepan Chakravarthy and Ramprasad Rajendran. HashCube
has over 2 million users.  The funds will
be used for promoting the games, improving the existing games by adding new
exciting features to them, and building a portfolio of new games.

Sharad Sharma, an IAN member who joins the
HashCube board, said, “India will produce several social gaming players in the
years to come. Hashcube has the potential to be one of the big winners. Deepan
and Ram have developed a deep understanding of the business model. We were also
impressed by their passion for relentless improvements in their games.”

Deepan Chakravarthy, Co-Founder, HashCube
said, “HashCube approached IAN due to its network of investors who understand
the social gaming space. The IAN mentorship and investment has already helped
us to build an accelerate growth path for Hashcube.”

Karthik Reddy, Managing Partner, Blume Ventures
who has co-invested with IAN in HashCube said, “We’ve seen the hashcube team
continuously evolve their sudoku and other products on social platforms and we
believe that they’re on the cusp of building great scale for the games in their
pipeline with our combined support. Blume and IAN’s co investment has been
seamless for Hashcube and the entrepreneurs. We are enthused with the depth,
pace and professionalism that IAN has brought in the process.”

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