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Founded
2012
Headquarters
Hyderabad (India)
Status
Seed
Company Details
HitWicket is a mobile gaming company. The company has rapidly established itself as a leader in the cricket strategy gaming sector, standing out for its innovative approach and deep engagement with users.
Core Products and Services
HitWicket Superstars: Flagship cricket strategy game, available on Android and iOS
Gameplay Features: Users act as owner, coach and captain; build teams, devise tactics, compete globally
Innovation: Regular content updates, themed events, live auctions, alliance battles, offline gameplay and community-driven features
Expansion: Exploring football strategy games and blockchain/NFT integrations for digital collectibles
User Engagement: 4.9 hours/week average playtime (vs. 3.4 hours for mid-core games in India)
Key Milestones
Over 5 million global downloads (targeting 50 million in two years)
Recognized by Apple CEO Tim Cook as the “Most Innovative Mobile Cricket Game” globally
$3 million seed funding from Prime Venture Partners (2022)
Harsha Bhogle as strategic investor and brand ambassador
Part of Google for Startups Accelerator
Business Model & Revenue Streams
Freemium Model: Free to download, monetized via in-app purchases (virtual players, accessories, power-ups)
Revenue Contribution: Over 90% from in-app purchases; remainder from advertising and experimental blockchain initiatives
Customer Segmentation: B2C (individual gamers), with a global user base across 109 countries
Geographic Mix: India, UK, Australia and USA are top markets; 40% of US users are new to cricket
Recent Data Point: HitWicket Cricket Game 2025 generated ~$80K in gross revenue globally in the last 30 days
Top Clients & Partnerships
Prime Venture Partners: Lead investor, provided $3 million seed funding
Harsha Bhogle: Strategic investor, brand ambassador and content collaborator
The Chennai Angels: Early investor, ongoing support
Google for Startups Accelerator: Mentorship and technical scaling
Zone Startups India: Incubation and mentorship
Other Investors: Shead Investment, TicketGoose
Marquee Contracts: No major B2B contracts; focus on B2C user acquisition and engagement
Client Concentration Risk: Low—revenue is diversified across global users, with ongoing expansion into new sports and digital assets
Future Outlook & Strategic Priorities
- New Products: Expand into football strategy games and explore blockchain/NFT features (aligning with digital collectibles and esports trends).
- Market Expansion: Deepen penetration in established markets (India, UK, Australia) and grow in emerging cricket regions like the USA and Southeast Asia.
- User Engagement: Launch new social and co-op gameplay modes to boost community interaction and retention.
- M&A Activity: Openness to strategic acquisitions to accelerate technology and content innovation.
- Growth Targets: Aim for 50 million downloads within two years (from current 5–10 million).
- Risks to Monitor: Regulatory changes, app store policy shifts and intensifying competition from global gaming studios.
Key Metrics
Total Equity Funding
$3.91 million
No. of Funding Rounds
9
Latest Funding Round
Undisclosed, Seed
as of April 2, 2024
Post Money Valuation
$10.1 million
as of N/A
Funding Multiple
5.43
as of N/A
Investors
Shead Investment Holdings
and 4 moreEmployee Count
70
Similar Companies
PlayerzPot
Exit Details
N/A
All Funding Rounds
| Date | Round Name | Amount | Valuation | Revenue | Revenue Multiple | Investors |
|---|---|---|---|---|---|---|
| April 2, 2024 | Seed | Undisclosed | - | - | - | - |
| November 3, 2022 | Seed | $3.0Million | - | $270.0K | - | Prime Venture Partners |
| March 3, 2022 | Seed | $181.0K | $10.1Million | $593.0K | 13.9x | Shead Investment Holdings |
| March 25, 2020 | Seed | $143.0K | $8.6Million | $162.0K | 52.6x | Sneha villas , Jcurve Series |
| July 18, 2019 | Seed | $65.5K | $8.9Million | $140.0K | 63.4x | TicketGoose |
| April 12, 2018 | Seed | $99.7K | $9.4Million | $127.0K | 70.6x | Shead Investment Holdings |
| September 12, 2017 | Seed | $70.3K | $2.9Million | $118.0K | 23.4x | AvA GROUP , The Chennai Angels |
| December 15, 2016 | Seed | $97.0K | $2.3Million | $99.3K | 23.2x | Shead Investment Holdings, Acsys Investments , Click Labs, Orchid Angel Ventures, Pearltri Business |
| November 2, 2015 | Seed | $250.0K | $1.7Million | $60.5K | 23.9x | The Chennai Angels, Shead Investment Holdings,AvA GROUP, Mecheri |