Gaming

Deals pick up in real-money gaming with favorable court rulings

Madhav Chanchani

August 31, 2021 | 4 Min Read

After recent positive court verdicts on online rummy and fantasy sports, funding and consolidation activity is picking up in the real-money gaming space. But to thrive, these companies still need to figure ways to mitigate regulatory risks

Action is picking up in India’s real-money gaming industry, which includes fantasy sports or card-based games such as rummy and poker, after two recent court verdicts.

Dream11, which dominates the online fantasy gaming market, is likely to see its valuation cross $8.5 billion in a fresh share sale, Entrackr reported on Monday, up from its March valuation of $5 billion.

Nazara Technologies, the only listed gaming company in India, on Friday announced the acquisition of OpenPlay Technologies, which operates rummy-based games, for Rs 186.4 crore (about $25 million) in cash and stock.

Mobile Premier League, which offers about 60 games including fantasy sports and rummy on its platform, is reportedly looking to more than double its valuation of $945 million.

What’s Changed? Two recent court rulings with far-reaching implications are driving investor confidence in the sector.

Read this article for free

In addition, access 50+ archived articles and 3 new articles every month

Got a tip? If you have a lead we should be chasing at The CapTable, write to us at tips@the-captable.com

Join our community of 100,000+ top executives, VCs, entrepreneurs, and brightest student minds

Trusted by the best

Karthik Reddy

Blume Ventures

The CapTable brings a refreshing set of insights for us at the Blume team, highlighting stories that bring together the underlying business and founders with that of investors' journeys with these startups. It's an important perspective that very few bring to startup ecosystem enthusiasts.

Latest Articles

Why Big Tech’s $70 billion AI push in India runs through conglomerates

From generating power to navigating a complex regulatory landscape, India’s conglomerates offer what Big Tech hyperscalers need for next-generation AI infrastructure. The incumbents in this space are losing out.

Pratap Vikram Singh

Old films, new math: The re-release wave reshaping India’s multiplex economics

Movie re-releases have gone from niche nostalgia events to a strategic revenue lever for PVR INOX, delivering strong footfalls, higher margins, and predictable returns. As fresh content remains uneven, reruns are helping multiplexes smooth volatility and optimise screen use during lean periods.

Sohini Mitter

Inside streaming’s ad pivot: from viewers paying a fee to paying the price

Streaming promised freedom from cable. Instead, viewers are having to contend with ads, upsells, and data tracking, as the industry races to rebuild the exact model viewers paid to escape.

Anuj Suvarna

From Seed to Series A, founders are front-loading capital like never before

Early-stage founders are raising far larger seed and Series A rounds, accepting higher dilution to secure runway, talent, and execution speed, as India’s late-stage funding pipeline remains frozen for a third year.

Nikhil Patwardhan

The Byju’s money trail: How missing millions may have reached India from Singapore

Investigation of corporate filings reveals Byju Raveendran-controlled Singapore entities with no revenue or operations invested Rs 3,100 crore in Think & Learn, around the time disputed funds from the $533 million term loan allegedly reached the same offshore companies.

Pradip K Saha

Convinced that The Captable stories and insights
will give you the edge?

Convinced that The Captable stories
and insights will give you the edge?

Subscribe Now

Stories

Explore