Games 24×7 Raises $75 Million at $2.5 Billion Valuation

Games 24×7 is an online-game company that offers casual games such as Ultimate Games as well as skill games – My11Circle and RummyCircle. The company focuses on technology, artificial intelligence, and behavioral science to provide customers with a perfect game experience on all its platforms.

The funding round was led by Malabar Investment. Tiger Global and Raine Group also took part. This funding round led Games 24×7 to the unicorn club. “Games24x7 is a pioneer in the fast-growing online gaming industry in India and has built a highly profitable business with outstanding acquisition and retention metrics,” Sumeet Nagar, Malabar Investments.

Games 24×7, India, was founded by Bhavin Pandya, Trivikraman Thampy in 2006. The Mumbai-based firm has its offices in India, Bengaluru and New Delhi, and in the USA, Philadelphia and Miami. It claims to be one of the fastest-growing Indian online gaming companies. As of now, Games 24×7 has over 100 million users. Most of them play fantasy sports games, however, the majority of the revenue comes from card-based games. Games 24×7 constantly looks for opportunities to invest, for example, in August, the company made a strategic investment in a performance analysis platform that focuses on the grassroots cricket ecosystem, CricHeroes.

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