Aditya Deshpande On How VCs Evaluate Interactive Media Startups At WAVES Bazaar

Fund News
27 Feb 2026
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At a webinar hosted by WAVES Bazaar, Aditya Deshpande, Principal at Lumikai, worked through what it takes to raise venture capital with early-stage founders building across interactive media and gaming, and how to build companies that are ready for investors.He walked through how VCs evaluate opportunities, from market size and venture-scale potential to founder quality, assessed through Lumikai’s 5 Cs of competence, character, commitment, clarity and curiosity. He also covered the early product metrics investors look for across acquisition, engagement, retention and monetisation.

The session drew a line between venture capital and publisher financing for game studios, with VCs backing long-term studio value and publishers often better suited to funding individual projects.If you’re preparing to raise for a games or interactive media startup, this is the checklist investors will hold you to.

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