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Paytm-backed Gamepind rebrands itself as FirstGames, looks to raise $30 million

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PAytm-Agtech Gamepind

Paytm-backed real money gaming platform Gamepind has decided to rebrand itself to FirstGames, as per a report in the Economic Times.

Gamepind, which is a joint venture between Paytm’s parent company One97 Communications Limited and Alibaba Group owned gaming technology provider AGTech Holdings, is also reportedly looking to raise further capital of US$30 million to expand its gaming platform and scale it with more games.

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One97 Communications and AGTech had infused US$16 million in Gamepind Entertainment Private Limited last year.

Gamepind (now Paytm FirstGames) has claimed that in a short span of less than one year, it has garnered over 30 million registered users on its platform.

The company offers casual games such as ludo, snake wars, badlands, 8 bnall pool as well as skill games such as rummy, fantasy sports, trivia and live quiz on its platform as well as on the Paytm website and mobile app.

Gamepind is reportedly currently clocking Gross Merchandise Volume of Rs. 20 crore monthly, which it hopes to increase to Rs. 28-35 crores during the ongoing ICC Cricket World Cup.

Read more about Gaming business in India.