The Indian social gaming platform STAN has completed a $8.5 million funding round, with participation from Aptos Labs and others.

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According to the latest news from CoinVoice, STAN, an Indian social gaming platform, announced the completion of a $8.5 million equity financing, led by Google AI Futures Fund, with follow-on investments from Japanese gaming giants Bandai Namco, Square Enix, Reazon Holdings, Aptos Labs, King River Capital, General Catalyst, and GFR Fund.

The STAN platform allows users to earn in-game currency "Gems" through competitive games such as "PUBG Mobile" and enables creators to establish chat rooms called "Clubs," which are custom channels tailored for each game on the platform. Joining these Clubs requires payment of a social currency to access the "gaming experience" provided by creators, and the company takes a commission from these transactions. Gems can be redeemed for vouchers on major e-commerce platforms such as Amazon, PhonePe, and Flipkart. STAN has surpassed 25 million total downloads on the Google Play Store and Apple App Store, with about 5.5 million monthly active users.

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