In-game Commerce Network PlaySpan To Set Up 100% Unit In Mumbai

Entities Mentioned

• Business Standard

1. PlaySpan Inc, a Silicon Valley-based in-game commerce network, plans to set up a 100 percent subsidiary in Mumbai to develop, market and support its technology and network in South Asia. [via Business Standard]
   
   
   The company, which runs an online marketplace for the virtual goods that game players need, recently announced closing of $6.5 million in series A funding from the group of Easton Capital, Silicon Valley-based Menlo Ventures, South Korea-based STIC International and Hong Kong-based Novel TMT Ventures.
   
   
   The financial daily quotes CEO Karl Mehta as saying, "Our closed beta of PlaySpan platform ... (Read Full Article)
   
   

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