Matiks Expands Gaming Platform After Raising New Funds
Matiks, an India-based gaming company, has secured new funding to grow its math and puzzle gaming platform, which has seen significant user growth this year. The company's platform offers a range of games and challenges that aim to provide a fun and entertaining experience for users.
Original reporting · techcrunch.com
Original: “Matiks raises $10M to expand its math and puzzle gaming platform”
Read “Matiks raises $10M to expand its math and puzzle gaming platform” at TechCrunch →
How this was written. Awesome B2B Growth wrote this article with a language model from TechCrunch’s reporting (model: @cf/meta/llama-3.3-70b-instruct-fp8-fast); it describes that reporting rather than adding to it. The original, linked above, is the full story.
Key points from TechCrunch’s report
- Matiks has secured new funding to support the growth of its math and puzzle gaming platform.
- The company's app has seen significant user growth, with daily users increasing from 22,000 to over 300,000 in a matter of months.
- Matiks plans to use its new funding to expand its platform and introduce localization features to cater to users in new markets.
- The company's platform offers a range of games and challenges that aim to provide a fun and entertaining experience for users.
- Matiks has started testing a subscription service, which provides users with access to additional features such as game analysis and tips.
Over the past decade, the popularity of head-to-head brain games has waxed and waned, with various types of games experiencing periods of rapid growth. Recently, the growth of mobile games has slowed due to the increasing presence of AI-generated content on platforms.
Matiks, a gaming company based in India, is attempting to capitalize on this trend by offering a platform that focuses on math, logic, and brain-game puzzles. The company's app has been available for two years, but it has only recently started to gain significant traction, with daily users increasing from 22,000 to over 300,000 in a matter of months.
The startup's user base has been expanding rapidly, with the app now boasting 2.2 million monthly active users. This growth has attracted the attention of investors, who are eager to support the company's efforts to provide a unique and engaging gaming experience.
Matiks was founded by a group of college friends, including Sudhanshu Bhatia, who has a background in competitive mental math. Bhatia's experience in this area inspired him to create a platform that would make math-related games fun and entertaining for users.
The Matiks app offers a range of games and challenges that users can play against bots or other players. The platform also includes features such as quests and streaks, which allow users to earn points and unlock new games.
The company has recently started testing a subscription service, which provides users with access to additional features such as game analysis and tips. Matiks also allows users to make in-game purchases, which can be used to skip challenges or boost XP points.
While the majority of Matiks' users are based in India, the company has seen significant traction in other markets, including the US, South Korea, and Japan. To further expand its user base, Matiks plans to introduce localization features that will allow it to better cater to users in these markets. This article is based on reporting by TechCrunch.
Questions and answers
What type of games does Matiks offer?
Matiks offers a range of math, logic, and brain-game puzzles that users can play against bots or other players.
How has Matiks' user base been growing?
Matiks' user base has been expanding rapidly, with daily users increasing from 22,000 to over 300,000 in a matter of months, and the app now boasting 2.2 million monthly active users.
What are Matiks' plans for the future?
Matiks plans to use its new funding to expand its platform, introduce localization features to cater to users in new markets, and continue to grow its user base.
