Investors like Tiger Global, Alpha Wave Global, DST Global, TPG, Matrix Partners India and Steadview Capital hold stakes in Indian real-money gaming startups including Dream11, Games 24x7, Mobile Premier League (MPL) and Zupee.
When a YouTube user in India tips you a whopping 500 pounds on
superchat a feature that allows a user’s message to be displayed prominently on the live chat screen then you’ve clearly made history, especially since India-based users have a maximum cutoff limit of Rs 10,000 per tip.
But that’s exactly what happened at the Live YouTube streaming launch of skill-based, social real-money gaming startup GetMega, by influencer
Tanmay Bhat on Sunday.
As Tanmay Bhat invited his fans to play carrom with him on social real-money gaming platform GetMega while streaming it live on YouTube, frenzied fans who were eager to receive his invite to play with him on YouTube live stream were tipping him amounts ranging from
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Gaming-focused venture fund Lumikai announced it has invested $1.5 million, along with Play Ventures, in a pre-Series A round in the Indian midcore sports studio All-Star Games (previously Deftouch).
“We’re buzzing to work alongside Lumikai fund, said All-Star Games CEO and Co-Founder Ninad Bhagwat. Their deep sector experience and strategic support will position us at the top of the game for the next part of our journey. Together with Harri (Manninen) and Henric (Suuronen) at Play Ventures, it s an absolutely dream combination for the studio.
The startup is looking to hire people for different roles. The startup was founded by Ninad and Keshav Sunder, who grew up playing mobile games and bring a native understanding of the nuances derived from the best in the global games market.
MPL’s fundraise, Nazara’s IPO debut portends the future of Indian gaming startups
With gaming startup MPL soon set to become the next unicorn and Nazara poised to make its stock market debut, the Indian gaming sector may well be seeing the start of more important trends to come.
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The Indian gaming industry is at an inflection point with increasing funding activity on the back of growing international interest in a sector that s demonstrating better room of monetisation, experts say.
Online gaming has seen significant activity in recent months. With people working from home, social distancing becoming the norm, and limited physical sporting events due to the COVID-19 pandemic, e-sports and mobile gaming have seen rapid growth.