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Moonfrog Labs Reviews

Bengaluru, Karnataka

5.0/ 5

3 reviews

Moonfrog Labs Private Limited is a prominent Indian mobile game development studio specializing in the creation of cross-platform social, casual, and board games tailored for both domestic and global audiences. Founded in late 2013 by a team of experienced industry veterans—including Tanay Tayal, Kumar Puspesh, Ankit Jain, Dimpal Kumar Maisuriya, and Oliver Jones, who previously worked together at Zynga—the company was established with the core mission of making mobile gaming inclusive and highly engaging across India. Headquartered in Bangalore, Karnataka, the studio operates out of its primary facility located at RMZ Infinity on Old Madras Road, thriving on a decentralized and highly collaborative community-driven work culture. The company's core operations center on game design, software engineering, and product distribution for Android and iOS platforms. Moonfrog Labs utilizes a free-to-play business model, generating its primary streams of revenue through optional in-app purchases, microtransactions, and strategic in-game advertisements. Over the years, the studio has built an impressive portfolio of highly successful titles, most notably its flagship card game "Teen Patti Gold," launched in August 2014, and "Ludo Club," a multiplayer mobile adaptation of the classic board game released in September 2017. Other popular offerings include "Parchis Club," "Jalebi - A Desi Adda," and culturally resonant licensed projects like "Baahubali: The Game" and "Alia Bhatt: Star Life." These products have achieved massive commercial success, with multiple titles eclipsing tens of millions of downloads and consistently ranking among the highest-grossing mobile applications in the Indian market. Financially, Moonfrog Labs achieved early momentum by securing approximately $16 million in venture capital funding across major investment rounds, backed by prominent institutional investors including Peak XV Partners (formerly Sequoia Capital India) and Tiger Global Management. Driven by substantial user acquisition and high engagement retention strategies, the studio reported a revenue of approximately USD 30.91 million and an EBITDA of USD 21.27 million for the 2023 fiscal period. As an employer, the company maintains a stable workforce of roughly 100 to 135 specialized employees, earning certification from the Great Place to Work institute due to its focus on workplace transparency, leadership development, and multicultural inclusion. In a landmark corporate milestone that altered its growth trajectory, Moonfrog Labs was fully acquired by the Sweden-headquartered global gaming collective, Stillfront Group AB, in February 2021 for an aggregate transaction value of USD 90 million. Operating as a subsidiary within Stillfront’s expansive international ecosystem, the studio has leveraged its parent organization's capital and technology to fuel expansion plans beyond its traditional Indian strongholds. Moving forward, Moonfrog Labs focuses on expanding its digital footprint by launching new gaming products and penetrating major emerging markets across Southeast Asia, while continuing to optimize its existing live-ops titles for millions of daily active players.