Indian gaming industry a hit among VC investors

A recent report titled ‘Gaming – India Story’ said that Indian gaming industry has got investments from venture capital firms worth about US$ 350 million between 2014 and first few months of 2020. Valued at US$ 930 million, the industry is growing at a CAGR of 22% and is expected to grow at 41% annually.

The study by Maple Capital Advisors also estimated that by 2024, the gaming industry in India is set to be valued at US$ 3,750 million, due to growth of digital infrastructure & a substantial rise in quality and engaging gaming content.

“We have seen growing investment traction in gaming with over USD 350 million of investments. With growing internet penetration, compelling economics, usage statistics and increasing ecosystem of entrepreneurs and developers focusing on this space we expect good growth in investments which are likely to at least double in this space in the next 1-2 years,” Maple Capital Advisors Managing Director Pankaj Karna explained.

Some of the major investments in the sector include US$ 100 million investment in Dream11 by Tencent and Steadview Capital (2016), US$ 41 million investment in Mobile Premier League by Sequoia and Times Internet (2019), and US$ 20 million in Paytm Games by One97 and AG Tech holdings (2020).