Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
Location
-, -, India
Primary Industry
Food
About
Dailygram Technologies Pvt Ltd is a mobile gaming company specializing in the development and publishing of casual games, particularly within the solitaire genre, offering engaging gameplay for users seeking light entertainment. Founded by Satish Sharma, Dailygram Technologies Pvt Ltd operates from India and focuses on mobile gaming. The company was established in 2020 and has undergone no notable pivots in its business strategy. Dailygram Technologies was the target of an acquisition in April 2021 by Lenskart Solutions Pvt Ltd, a portfolio company of KKR, although financial terms were not disclosed.
The company has completed one deal to date. Dailygram Technologies Pvt Ltd, through its brand Daily Joy Games, specializes in the development of high-quality mobile casual games, especially in the solitaire genre. The company has achieved over 100 million downloads and offers a variety of solitaire games that can be played offline, allowing users to enjoy a seamless gaming experience without mobile data consumption. These games are designed for quick entertainment, making them suitable for users looking for engaging gameplay during their free time, targeting markets in North America, Europe, and Asia.
Dailygram Technologies generates revenue primarily via its free mobile gaming applications, which include optional in-game purchases. Users can access games without upfront costs, while the company benefits from direct-to-consumer transactions for virtual goods or gameplay enhancements. Daily Joy Games also collaborates with platforms like Google and Facebook to promote its solitaire titles, although specific pricing for in-game purchases varies. In April 2021, Lenskart Solutions Pvt Ltd announced its acquisition of Dailygram Technologies Pvt Ltd to enhance its technology stack and engineering capabilities.
This acquisition is expected to support the company's expansion into global markets, improving the purchase experience for customers through advanced technologies. Future product launches and specific release dates have not been disclosed, but the strategic focus will likely be on expanding the user base and enhancing game offerings to cater to rapidly growing mobile gaming markets.
Lenskart Solutions Private Limited
Food
Dairy Products, Canned/Frozen Fruit & Vegetables
www.dailyjoy.co.in
Add-on
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Dailygram Technologies Pvt Ltd | - |
Displaying 1 - 1 of 1