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At $131 million, funding for Indian online gaming platforms at 6-year high in 2020
April 05, 2021
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More such platforms were founded in India vis-à-vis other geographies for the second year in a row
The pandemic-induced lockdown forced most people in the country to take to the Internet for their everyday needs. Online gaming platforms were among the beneficiaries from this trend and this is reflected in the investments that the segment attracted last year.
According to data from Tracxn, a firm that tracks investments and financials of private companies and start-ups, $131.1 million was invested in the online gaming sector in India in 2020, the highest in the last six years. The number of firms that received the funding also climbed to 11 companies; another six-year high.