With mobile gaming gaining strong traction in the country, Reliance Entertainment has brought its focus back on the Indian market and is looking to invest in 20 gaming startups this year.

Reliance Games, a part of Reliance Entertainment, has also announced investments worth over $50,000 in marketing and technology to support some Indian startups as part of its 'PG Connects' event.

Reliance Entertainment is a wholly-owned subsidiary of Reliance Anil Dhirubhai Ambani Group.

"The next 18-24 months present a massive opportunity as India is set to become the second-biggest smartphone market in the world. The market is at a inflection point and it is a green-field opportunity for game developers as domestic mobile game market grows significantly," Reliance Entertainment Digital CEO Amit Khanduja told .

A few years ago, there were about 40 gaming startups and now there are more than 250 startups, he added.

The gaming industry is one of the fastest growing sectors in the Indian media and entertainment industry, expanding 22.4% in 2014 to Rs.2,350 crore in revenue, according to the report.

According to a FICCI-KPMG report, Indian gaming industry has grown from Rs 1,000 crore in 2010 to Rs 2,650 crore in 2015. This is projected to grow to Rs 3,080 crore by 2016-end and further to Rs 5,070 crore by the end of December 2020.

Last month, Moonfrog Labs, an 18-month-old mobile gaming start-up, raised $15 million from US-based venture capital (VC) firms Sequoia Capital and Tiger Global.

In June last year, Sequoia Capital had invested an equal amount in Octro Inc., which makes digital versions of the card games Rummy and Teen Patti, with 30 million registered users. Octro was the first Indian gaming start-up to receive such a large amount from VC investors.

[Top Image - Shutterstock]
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