5 Startups Propelling India To Become A Global Online Gaming Hub

As per a KPMG report, in FY21, the Indian online gaming industry was esteemed at Rs 13,600 crore and was expected to grow beyond twofold by FY25 to arrive at a market size of Rs 29,000 crore.
Anyway, what is the explanation for the critical development of gaming startups in India? The solution is cheap internet access and the rise of cell phone access.
During the most recent two years, during the COVID-19 pandemic, the Indian gaming sector saw an impressive increase in users.
Gaming platforms, including MPL, Rummy Circle, and so on, got investors' eyes ? raising assets and accomplishing enormous valuations.
What's more, they are not, by any means, the only ones. Here is a rundown of recently funded online gaming startups:
Games24x7
Games24x7 was launched in 2006 by Trivikraman Thampy and Bhavin Pandya, Mumbai-based Games 24x7 is famous for RummyCircle, a dream stage called My11 Circle, and an arrangement of casual games under the brand name U Games.
Games24x7 claims to have more than 100 million users, making it one of India's fastest-growing online gaming companies.
While a large portion of its users plays its fantasy sports title, the startup procures the vast majority of its revenue from its card-based game.
Games24x7 joined the coveted billion-dollar unicorn club, valued at $2.5 billion, after raising $75 million from Malabar Investment and existing investors Tiger Global and Raine Group.
This is the first significant investment in India?s online skill gaming sector after the public authorities set up the AVGC (Animation, Visuals, Gaming, and Comics) Task Force in last year's Union Budget.
In FY21, Games24x7 reported total revenue of $173 million, with profit after tax at $50.5 million, as per a Tofler report.
Zupee
Gurugram-based gaming startup Zupee offers games, including Zupee Gold, Ludo Supreme Gold, and Ludo Ninja Gold games, on the iOS and Android platforms, with an arrangement to play games on the web browser.
The India-based casual gaming startup, established in 2018 by Dilsher Singh and Siddhant Saurabh, has more than 70 million downloads in India.
In August 2021, Zupee had gotten $30 million in a Series B funding round, with an extra investment of $72 million in January 2022 ? taking the total revenue brought up in the round to $102 million ? and was rated at $600 million.
The Series B round saw participation from investors, including WestCap Group, Tomales Bay Capital, Nepean Capital, AJ Capital, Matrix Partners India, and Orios Venture Partners.
Zupee said it will utilize the cash flow to foster new items, improve vivid design encounters, venture into new geographics, increase advertising, reach, penetration, exploration, and advancement, and recruit top talent.
The Smile Group-backed startup has collaborated with Jio Platforms to circulate its content to Jio Phone users.
The startup intends to use this organization to carry out additional quality games in various dialects to make Zupee the best gaming platform in India, associating with Bharat users.
Further, the startup plans to capture the 5G handset market?estimated to sell more than 150 million 5G handsets before its commercial launch in India?with this partnership with Jio.
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