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Founded
2006
Headquarters
Mumbai (India)
Status
Series C
Company Details
Games24x7 is a prominent Indian online gaming company founded in 2006 by Bhavin Pandya and Trivikraman Thampy. Headquartered in Mumbai, Maharashtra, the company specializes in skill-based games and fantasy sports, operating popular platforms like RummyCircle and My11Circle. With a commitment to innovation and user engagement, Games24x7 has become a key player in the Indian gaming industry.
One-liner Service
Leading platform for skill-based games and fantasy sports in India.
Business Model
Games24x7 operates primarily as an online gaming platform where users can participate in various skill games and fantasy sports. The company generates revenue through:
Entry Fees: Players pay fees to participate in games.
In-Game Purchases: Users can make virtual purchases to enhance their gaming experience.
Products and Services
Games24x7 offers a diverse range of products, including:
RummyCircle: The largest online rummy platform in India.
My11Circle: A popular fantasy sports platform for cricket, football, and kabaddi.
Ultimate Games: A casual gaming studio that develops new games for the global market.
Differentiation
Games24x7 stands out due to:
Scientific Approach: The company employs behavioral science and technology to enhance user experiences.
Strong Brand Recognition: Platforms like RummyCircle and My11Circle are well-known and trusted in the gaming community.
Diverse Game Portfolio: Offers a mix of traditional Indian games and modern fantasy sports.
Key Metrics
Total Equity Funding
$99.1 million
No. of Funding Rounds
6
Latest Funding Round
$75.0Million, Series C
as of March 30, 2022
Post Money Valuation
$2.36 billion
as of N/A
Funding Multiple
33.33
as of N/A
Investors
Tiger Global Management
and 5 moreEmployee Count
1116
Similar Companies
Shortgun
Exit Details
N/A
All Funding Rounds
| Date | Round Name | Amount | Valuation | Revenue | Revenue Multiple | Investors |
|---|---|---|---|---|---|---|
| March 30, 2022 | Series C | $75.0Million | $2.5Billion | $159.0Million | 15.5x | Malabar Investments, Tiger Global Management, Raine, S A Gamez Evolution, Bain Capital , The Howard Partnership Trust |
| November 3, 2021 | Angel | $36.6K | $733.0Million | $176.0Million | 4.1x | - |
| June 5, 2021 | Series B | $18.1Million | $1.9Billion | $198.0Million | 9.4x | Raine , Arthur L Burns Irrevocable Trust |
| October 18, 2019 | Series A | $943.0K | $498.0Million | $172.0Million | 2.9x | Raine |
| February 6, 2012 | Series A | $3.0Million | $21.4Million | - | - | Tiger Global Management |
| April 8, 2011 | Seed | $2.0Million | $8.7Million | - | - | Tiger Global Management |