Play Games24x7 Pvt Ltd.

Play Games24x7 Pvt Ltd. is a digital gaming company that provides engaging gaming experiences through popular platforms like RummyCircle, My11Circle, and Wowzy, catering primarily to the Indian market. Founded in 2006 in Mumbai, India, Play Games24x7 Pvt Ltd. specializes in online gaming experiences, offering a unique blend of skill-based games.

The company has successfully completed 5 funding deals, with the most recent being a Series B round in April 2022, which raised INR 4. 01 billion, led by Malabar Investments and Bain Capital Partnership Strategies. Founders Bhavin Pandya and Tariq Khan have been pivotal in the company's development, with Bhavin also serving as CEO. The company has seen consistent growth with its current valuation at INR 194,747.

76 million. Games24x7 specializes in creating and delivering digital gaming experiences through a suite of core offerings that include RummyCircle, My11Circle, and Wowzy. RummyCircle, recognized as India's Best Rummy Experience (TM), employs technology to facilitate a competitive environment for players, having recorded over 5 billion games played in 2023. My11Circle focuses on fantasy sports, evolving since 2019 to offer personalized experiences that engage sports enthusiasts, resulting in over 500 million fantasy teams created in 2023.

Wowzy introduces a distinctive twist on the traditional Ludo game, incorporating a unique 3-dice format that enhances strategic gameplay and ensures fair opportunities for all participants. These products primarily cater to the Indian market, with a growing user base exceeding 120 million players, drawing consumers who seek immersive gaming experiences across various genres. In 2023, Games24x7 reported revenue of INR 247,711,678. 3 with an EBITDA of -INR 18,064,212.

6. The company operates a multifaceted revenue model primarily driven by transactions within its gaming platforms, where users engage in competitive skill-based games that can lead to monetary rewards. Revenue is generated through direct-to-consumer transactions, where players pay entry fees for competitions or games that can be won back as prizes, fostering a robust ecosystem for both recreational and serious gamers. In April 2022, Play Games24x7 Pvt Ltd.

raised INR 4. 01 billion in Series B funding to accelerate user growth, enhance content development, and bolster technological capabilities. The company is focusing on expanding its offerings and plans to launch new products designed to enhance user engagement. Additionally, Games24x7 aims to expand its presence in new markets, specifically targeting Southeast Asia and the Middle East by 2025.