【Exclusive】GetMega, Real Money Gaming Company Raises $9 Million The company had raised their initial seed round from Accel India in Dec 2018. The total value of the funding round was $1.99 million with a total company valuation of $10 million. Currently as per reports from Economic Times, the company claims to have raised over $9 million from Accel India, their seed funding partner, Nexus Ventures Partners among other angel investors.
Gobi Partners, Warner Music Invest In Philippine Esports Entertainment Firm Tier One Entertainment The Philippines-based esports and gaming startup Tier One Entertainment announced it has raised an undisclosed amount of financing in its pre-series A round led by Gobi Partners through its Gobi-Core Philippine Fund, a joint-venture fund with Core Capital.
Indian Gaming Firm Dream Sports Banks $400M From Early Netflix Investor TCV, And Others “Dream Sports, which owns online fantasy sports platform Dream11, has closed a US$400 million funding round led by marquee global technology investors like TCV, which was an early investor in Netflix, D1 Capital Partners, and Falcon Edge,” reported The Times of India.
ByteDance Gaming Unit Agrees to Acquire Mobile Legends Developer Moonton ByteDance said on Monday that its gaming subsidiary Nuverse has signed an agreement to acquire Moonton, a Shanghai-based mobile game developer focusing on overseas markets, in the latest demonstration of the TikTok owner’s commitment to the competitive but lucrative gaming business.
Pandemic Drives Revenue Growth For China’s Top 30 Mobile Game Publishers China’s thirty biggest mobile game publishers reported a combined leap in revenue garnered from the app stores run by Apple and Google last month, continuing a trend that started last year when the coronavirus pandemic increased demand for online entertainment.
Sequoia-backed Indian Esports Startup MPL Secures $100M At $800M Valuation “Online gaming startup Mobile Premier League (MPL) has raised around US$100 million in a fresh financing round valuing the company at nearly US$800 million,” the Economic Times reported, citing two people familiar with the matter.
【Exclusive】Niti Aayog’s Regulatory Principles Fantasy Sports, Brings Stability To Indian Real Money Games Industry Prime Minister Modi in his Mann Ki Baat which is a monthly radio program hosted by the PM himself while talking about the massive toys market both in India and globally touched upon the potential of the Indian Gaming Industry on 30th Aug 2020. He talked about the need to focus on creating game apps for India and also Indian games based apps for the world.
【Exclusive】PlayerzPot Hacks User Growth With Innovative Referral Program, Raises Fresh Funding Based in Navi Mumbai and founded in 2015 by Yogesh Doiphode and Mitesh Gangar, the first version of their game PlayerzPot was launched in early 2016 through a website coinciding with IPL 2016 which by Indian Fantasy Sports market standards was quite early. Despite being one of the early players, PlayerzPot has only now in November 2020 raised their Series A of $3 million.
【Exclusive】PayTM First Games Enters Horse Betting PayTM First Games (PFG) will also be the official online betting and live streaming partner for Royal Western India Turf Club (RWITC) which conducts horse racing in Mumbai and Pune. Live streaming permissions were granted for the initial races of the season in Pune in Nov 2020 to PFG. The Classics at RWITC started in Jan 2021 and the whole partnership has gone live with users now given the option of watching the live stream of the races and betting on the races as well.
Nazara Technologies Becomes First Indian Gaming Firm To File IPO Nazara Technologies, firm backed by big bull Rakesh Jhunjhunwala, became the first Indian gaming technology company to seek a market debut. Mumbai-based mobile gaming company filed initial public offering documents with the market regulators on Friday.