StageUnattributed | Alive
Last Raised$75M | 1 yr ago
Games24x7 is an online gaming company with a portfolio that spans skill games and casual games. It operates RummyCircle, an online rummy platform in India, and My11Circle, a fantasy sports platform. The company was founded in 2006 and is based in Mumbai, India.
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Expert Collections containing Games24x7
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Games24x7 is included in 2 Expert Collections, including Unicorns- Billion Dollar Startups.
Unicorns- Billion Dollar Startups
Gaming companies are defined as those developing technologies for the PC, console, mobile, and/or AR/VR video gaming market.
Latest Games24x7 News
Dec 22, 2022
Multi-game platform Games24x7 has raised $75 million in a recent funding round, led by Malabar Investment, and has entered the unicorn club with a valuation of $2.5 billion. The funding round also included participation by existing investors Tiger Global and Raine Group. Tiger had earlier invested in the company in 2011 and 2012 and Raine did their first round of investment in 2019. Nazara Technologies, which was India's first publicly listed gaming firm, currently has a market cap of Rs 5,250 crore (around $691 million). Games24x7 plans to use the funds raised to accelerate its user growth, content development, and technological capabilities. Founded in 2006 by Trivikraman Thampy and Bhavin Pandya, Games24x7 currently operates a portfolio of skill-based gaming platforms including RummyCircle (Online Rummy), My11Circle (Fantasy Sports), and U Games (Casual Games). “We are extremely happy to partner with Malabar Investment and to see Tiger Global and Raine Group continue to repose their faith in us. This investment is a testimony not only to Games24x7’s performance but also to India’s immense potential as an online skill gaming market” said Thampy. Co-founder Pandya also said in a statement that they will continue to "innovate, introduce new games, and contribute toward India's onward march as a global tech power" The Raine Group was the financial advisor to Games24x7 for this round. Share this article:
Games24x7 Frequently Asked Questions (FAQ)
When was Games24x7 founded?
Games24x7 was founded in 2006.
Where is Games24x7's headquarters?
Games24x7's headquarters is located at Western Express Highway, Mumbai.
What is Games24x7's latest funding round?
Games24x7's latest funding round is Unattributed.
How much did Games24x7 raise?
Games24x7 raised a total of $75M.
Who are the investors of Games24x7?
Investors of Games24x7 include Tiger Global Management, Raine and Malabar Investments.
Who are Games24x7's competitors?
Competitors of Games24x7 include Nostragamus and 4 more.
Compare Games24x7 to Competitors
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