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Paytm First Games Stats for 2019: 45 Ml. Users, 485.16 Cr of Winnings and More

Paytm First Games (earlier known as Gamepind) recently released a report called Gamestats 2019, which reported various stats about their gaming app’s performance in the previous year.

As per the report, 45 million users registered on Paytm First Games app in 2019. The platform hosts around 200 games. The biggest amount won by a single Paytm First Games Winner in the year 2019 is Rs. 12.59 crores.

In 2019, the total time spent by gamers on Paytm First Games app was 7700 years, and over 72.5 crore Paytm games were played online.

The three most engaging games on Paytm First Games were Rummy, First Captains and Battle Center. Rummy and First Captains were launched on the platform in February 2019.

Rummy is one of the most popular card games in India. On Paytm First Games, Rummy was played for above 2.3 million hours last year. About 26.25 crore cards were dealt in Rummy on the platform, where Rs. 76.66 Lakhs is the biggest amount won by a single winner in the game in the year 2019. The maximum percentage shares of rummy players on the website hail from Uttar Pradesh, West bengal and Rajasthan.

The app also hosts a fantasy sports game called First Captains. The game’s most preferred captains were Virat Kohli, R. Sharma and M. Dhoni among men, and Deepti B. Sharma, Harmanpreet K. Bhullar and Smriti S. Mandhana among women. The game was played for above 2.8 million hours on the platform. IPL, WC and Kabaddi Championship were the most popular leagues. About Rs. 115 crores were won by players of First Captains in 2019. They created over 1.1 crore teams on First Captains. Uttar Pradesh, West Bengal and Delhi have the highest percentage of players playing this game on Paytm First Games app.

Another popular Paytm game is Battle Center, which recorded above 43.4 million hours of play last year. An average of 23.47 hours per user were spent on the game.

Paytm quiz called Trivia recorded above 1.5 million hours of play in 2019. Last year, the quiz served 45.5 crore questions, to which 65% were answered correctly. Cricket, GK and Bollywood are popular themes on the Paytm quiz game. Delhi, Uttar Pradesh and Maharashtra topped the list with the maximum percentage of Trivia players on Paytm First Games app.

Other casual Paytm games like Ludo, Wheel of Fortune, Tom & Jerry Maze, and Paytm pass the bomb, were played on the platform for over 18.7 million hours.

Paytm First Games is a casual and skill-based gaming platform that was first launched as Gamepind in February 2018. Alibaba-backed Chinese technology company AGTech Holdings Limited and Paytm entered a joint venture and initially invested USD 16 million in the gaming venture.

The gaming website was rebranded, in June 2019, after Paytm’s brand name.

The gaming platform recently raised another USD 20 million from Alibaba’s AGTech and Paytm’s parent company One97 Communications.

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Business

Paytm First Games to receive $25 million funding: Report

Alibaba Group and One97 Communications Limited backed Paytm First Games (earlier known as Gamepind) is reportedly in talks to raise US$25 million in a fresh funding round that will be led by venture capital firm SAIF partners and an unknown Hong Kong based entity.

In May this year, the company had announced that it had surpassed 30 million registered users on its platform and planned to raise $30 million in a funding round. Last year, Paytm and Alibaba had jointly infused $16 million in the gaming company.

When Sudhanshu Gupta, Chief Operating Officer (COO) of Paytm First Games was contacted by Times of India for a confirmation of the above news, he declined to confirm the development.

Gupta however noted that Paytm First Games has grown manifold in the last one year and has garnered over 30 million registered users. He noted that on an average users spend around Rs. 4,000 per month on the game of rummy and Rs. 400 per month on fantasy sports.

He also stated that the company is clocking around US$ 50 million in revenue, with the focus in the near future being on investing in its technology and hosting e-sports events.Gupta stated that Gamepind is looking to double its team size from the current number of 150.

Paytm First Games offers casual games such as ludo, snake wars, badlands, 8 ball pool as well as skill games such as rummy, fantasy sports, trivia and live quiz on its platform as well as on the Paytm app.

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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.”

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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.

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Business

Paytm forms online games JV with Alibaba group company

Paytm, India’s largest e-wallet company is set to enter into a Joint Venture with AGTech Media and AG Holdings Limited, a Hong Kong listed gaming and lottery technology company, which is part of the Alibaba Group (Interestingly, the Alibaba Group is also the largest stakeholder and investor in Paytm).

As per a regulatory filing by AGTech Holdings, a joint venture Indian company will be formed within 45 days and will have an authorised share capital of Rs. 5 crores. Further, the AGTech group will have 45% stake in the company while Paytm will have 55% stake.

Both parties will cumulatively invest US $16 million into the business in the ratio of their shareholding. In the regulatory announcement, AGTech Holdings made the following statement explaining the reasons for entering the Indian gaming market:

The joint venture will offer innovative mobile games and user engagement activities to Indian consumers by leveraging the Group’s decade long experience in creating mobile entertainment products and Paytm Group’s massive distribution network to develop mobile games in India. The JV Company shall be engaged in the development and operation of various platforms including website, mobile applications or other distribution channel to develop and publish a variety of products to Indian customers such as mobile games and other user engagement activities in India. This will help Paytm Group drive deeper consumer engagement as Indian customers can earn exclusive rewards and discounts on the platform.

To develop and operate the business of the JV Company, Paytm Group shall leverage its access to and resources in businesses operated by Paytm Group and the Group shall leverage its technical abilities and experience in developing systems, platforms and related commercial operations.

From the statement, it appears that the Joint Venture will focus on mobile games and casual games. It is unclear whether the new venture by Alibaba Group will also foray into real money skill-gaming or gambling either immediately or at some point in the future.