While movies, music and television series have always dominated the Indian entertainment market, the gaming sector has started to make its mark as well. The mobile gaming industry has done exceptionally well in the past year with games like PUBG, Clash of Clans, Call of Duty etc. ruling the market. Even though PUBG was banned by the Indian government in September 2020, the void it left in the market was big enough to indicate the potential mobile gaming has in the country.
The lockdown induced by the coronavirus pandemic played a big role in the industry’s growth. Along with this, the growing demographic of young players, the availability of high-speed internet, affordable smartphones, and the ease of online payment methods also played a role in the progress of the gaming industry.
This has caused many investors to pour their money into many game developing companies in the country, which have also witnessed a jump from just 25 companies in 2010 to almost 250 in 2020. Just recently, it was reported that the gaming industry received around USD 544 million worth of investments between August 2020 and January 2021.
According to reports, Dream Sports, the parent company of fantasy sports platform Dream11, received investments of over USD 225 million in September 2020. Another fantasy sports platform, the Mobile Premier League (MPL) raised around USD 95 million in a round led by Composite Capital and Moore Strategic Ventures. The skill-based mobile gaming platform, Zupee has also raised a total of USD 19 million to date.
Furthermore, NODWIN Gaming raised over INR 164 Crore from Krafton Inc, the developers of PUBG Mobile. This partnership between an Indian firm and an internationally renowned brand is just a teaser to the potential that India holds. With the industry projected to double up in the next 12-18 months, it’s no surprise that the Indian gaming sector is fast becoming a lucrative space for investors.