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
August 31, 2021
4 Min Read
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.
We report on the latest and most important developments in India’s biggest tech companies and disruptive startups so you can make better decisions.
Know the key decision-makers with Org Charts. We thrive on decoding boardroom conversations so we can bring you a 360° view of what's happening at India's high-growth companies.
Tracking the highs and lows of India’s biggest internet companies over the past decade has given us access to the right decision-makers to interpret the latest state of play.
We thrive on inside scoops and decoding boardroom conversations so we can bring you a 360° view of what’s happening at India’s high-growth companies.