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Gaming

Paytm’s Gamepind gets 30 million registered users

Gamepind Entertainment Private Limited, the online gaming joint venture of online payments and e-commerce behemoth Paytm and Alibaba-backed gaming technology company AGTech, has announced that it has acquired 30 million registered users on its portal within a year of starting operations. Gamepind has claimed that their platform has also witnessed over 70 million gameplays in a month and growth rate of 20% month on month.

The company has claimed that it has over 100 casual and real money skill games available on its platform, that can also be accessed through the Paytm app.

The company stated that it has partnered with high-quality studios and publishers from India and across the world including Gamepix, Famobi, and Shoal games to bring popular 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.

Gamepind has also officially announced the launch of their updated app with two new skill games, ‘Gamepind Fantasy Sports’ and ‘Gamepind Rummy’. Glaws had first reported in January 2019 about Gamepind starting fantasy games and rummy on the Paytm platform.

Commenting on the development, Gamepind Chief Operating Officer (COO) Sudhanshu Gupta said, “Our goal is to build the largest gaming destination in the country which not only provides the best games to our users but also rewards them for playing. We have already seen great success with games like Ludo and Snake Wars and competitive skill-based real money games like Trivia and with the cricket world cup coming up, we are excited to launch Gamepind Fantasy Sports. We will continue to strive to innovate and bring more exciting and rewarding games for our users.”

Categories
Business Gaming

Paytm launches new rummy and fantasy games on its portal

Leading e-commerce and digital wallets portal Paytm has recently launched rummy and fantasy sports games on its mobile app.

The rummy and fantasy sports games are accessible on the Paytm homepage and are operated by the ‘Gamepind’ brand, the skill gaming joint venture between Alibaba-backed Chinese technology company AGTech and One97 Communications Limited (the parent company of Paytm, in which Chinese behemoth Alibaba is also an investor).

The fantasy sports app of Gamepind, developed and designed by Indore-based software company Vinfotech, presently offers daily fantasy games of cricket, football and kabaddi.

Currently, neither the fantasy sports or rummy games are offered for real money on the company’s app. While fantasy games can be played using ‘beans’ or points that can be purchased on the Paytm portal, only a free-to-play version of the rummy game can be played on the app using non-monetary points.

It is however understood that real money options of daily fantasy sports and rummy will be offered through the Paytm and Gamepind portals in the near future.

Last year, Paytm had announced that it had formed a Joint Venture with AGTech to start Gamepind a casual and skill gaming portal, where Paytm would hold 55% stake while AGTech holds the balance 45%. Both companies had stated that they would be jointly infusing $16 million in the venture.

Currently, besides fantasy sports and rummy, the Gamepind platform offers games like trivia, quizzes, ludo and other social and casual games.

With a valuation of over $16 billion or over Rs. 1 lakh crore, Paytm, one of the largest e-commerce companies in the world, is the biggest Indian entity to enter the skill gaming space. The investors of the company include Alibaba, Berkshire Hathway and SAIF partners.

Categories
Business

Paytm, AGTech infuse $16 million in new skill gaming company Gamepind

Indian payment services company Paytm and Alibaba-backed Chinese technology company AGTech Holdings Limited have infused US$ 16 million into their new gaming venture, Gamepind Entertainment Pvt. Ltd.

As per a joint statement by the two companies, AGTech will be holding 45%  stake in the gaming platform while One97 Communications Ltd. (parent company of Paytm) will be holding a 55% stake.

The new company has named former Paytm Vice President Sudhanshu Gupta as its Chief Operating Officer. The new venture has so far been operating as part of the Paytm portal and a standalone app will be launched with the new infusion of funds.

“With the penetration of smartphones and mobile internet, gaming is poised to become a multi-billion dollar opportunity in India and I feel very excited to be a part of this journey. We will invest in building a platform to offer exciting and rewarding games for our users”, said Gupta in a telephonic conversation with Mint.

Launched in January 2018, Gamepind currently offers real money  and casual trivia quiz contests but it is believed that the company plans to start offering a wide array of social and real money games, including possibly card games like rummy and poker.

“AGTech continues to firmly believe in the vast potential of Gamepind and its ability to capture the fast growing mobile games market opportunity in India. Going forward, AGTech will continue to strengthen our business in India, while globalizing our business in other selected overseas markets,” said GM Cheng, director, Gamepind and President of Global Market at AGTech in a statement.