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Tag: online gaming (page 1 of 1)

Online gaming industry revenue hit Rs 7,700 cr

A report by FICCI-EY said that the online gaming industry registered an 18% rise in 2020 to touch Rs 7,700 cr and the number of online gamers may reach 440 mn by the end of 2022, from 360 mn in 2019. India’s gaming industry may become 10x bigger than other entertainment businesses put together in the next seven years, said CEO of Nazara Technologies, Nitish Mittersain. The International Olympic Committee, recently, has announced a global esports tournament, the Olympic Virtual Series.

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Dangal Games raised $1 mn in Series A round

Dangal Games, an Indian online skill-based gaming platform has raised $1 mn in Series A round. The company would use funds to expand the business and become the leading player in the skill-based gaming sector. ” The fund would be used to diversify the product portfolio and tech capabilities of the business”, said Varun Mahna, founder and CEO of Dangal Games. It currently offers Poker Dangal and Rummy Danga and plans to add fantasy games ahead of IPL 2021.