Gaming

Nazara Technologies will pick up 51% stake in the company with the deal

Paper Boat Apps makes the famous Kiddopia app which enjoys a strong presence in the US

The company will now expand into India using NAzara's network

These games are for all age groups which makes it one of the widest markets to tap in India

The real-life escape games business will be a boon in the entertainment sector

Escape room can certainly not be a side business for making lucrative money out of it

The company plans to expand its services with this investment

Paytm rebranded its gaming platform GamePind as Paytm First Game this year

The gaming platform claims to have annual revenue of $50 Mn

Voice is the most natural way for humans to interact with each other.

Voice user interfaces are the next major disruption in computing

Voice gaming also has a unique position of being able to extend a player’s agency

With this, Junglee Games looks to deepen its skill gaming market and India presence

Junglee Games with over 20 Mn active users targets 40-50 Mn users by financial yearend

Post the acquisition, Algorin TechLabs team will join Junglee Games

Social media influencer and professional poker player Bilzerian has over 42 Mn followers across platforms

LivePools has not disclosed the details of the investments

LivePools will compete against the likes of Dream 11 and HalaPlay

The online gaming company has opened offices in Indonesia where it has 300K MAUs

MPL is looking to deepen its presence in Tier 2 and Tier 3 cities as it turns a year old in September

The Inc42 & AWS series — Scaling From 1 To 10 — dives deeper into online gaming platform MPL

Funnearn offers skills-based games to help people make money and play competitive fun games with friends

Having launched in October 2018, Funnearn has registered 1.32 lakh users who have played 4 lakh games till date

The 'Make My Contest' feature allows users to design their own contests

Global eSports was founded in 2017 by Dr Rushindra Sinha (Known online as ‘Salbatic’)

The esports startup has a presence in India, Singapore, South Korea, and Los Angeles

Global esports owns seven teams and has won over 25 tournaments till date

Existing investors, including Kalaari Capital and Multiples Alternate Asset Management, also invested in the funding round

It has been speculated that Dream11 has been valued at $750 Mn in the latest funding

Tencent was looking to invest $5 Mn-$15 Mn across segments such as gaming, content, social media, and consumer lending in India

• Nazara Technologies is expected to raise $142 Mn from IPO, with a valuation of $500 Mn post IPO
• Lead investor WestBridge Capital will make a partial exit, earning 75-80X return on its 12-year-old investment
• The Indian gaming Industry is expected to hit $1.1 Bn by 2020; India sees the second-highest game downloads globally

As Part Of The Alliance, Nazara's Offerings Will Now Be Available On Amazon Fire TV