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## Introduction Games24x7, a renowned gaming company, has been making waves in the industry. Founded by Aneesh Chandra Reddy in 2013, this Indian startup has grown exponentially over the years, capturing the attention of investors and gamers alike. This article will delve into the world of Games24x7, exploring its growth story, major milestones, funding, and more. ## Background Established on October 2, 2013, Games24x7 is headquartered in Gurgaon, India. The company’s primary focus lies in creating engaging gaming experiences for users across various platforms, including mobile devices, desktop computers, and online portals.

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Table of contents

Source

games24x7 crunchbase

Online Portals: The company’s flagship platform, Pocket52, offers a wide range of games, from casino-style games to skill-based ones.
Mobile Apps: Games24x7 has developed several mobile apps that cater to diverse gaming needs, including fantasy sports, e-sports, and online gaming.

Major Milestones

Games24x7 has achieved significant milestones since its inception:

Awards and Recognition:
- Winner of the ‘Best Gaming Company’ award at the Indian Gaming Awards 2018.
Funding: The company secured a substantial amount from investors, including a Series D funding round in 2020 that raised $50 million.
Partnerships:
- Partnership with the popular fantasy sports platform, Dream11, for co-creating skill-based games.

Team and Management

The leadership team behind Games24x7 includes:

Aneesh Chandra Reddy: Founder and CEO of the company.
Siddharth Varma: Co-founder and Chief Operating Officer (COO) at Games24x7.

Funding and Investors

Games24x7 has received significant funding from prominent investors, including:

TSG Consumer Partners:
- A leading consumer-focused private equity firm that invested in the company.
Kalaari Capital:
- An Indian venture capital firm that participated in Games24x7’s funding rounds.

Games24x7 has come a long way since its inception in 2013, driven by innovative game development and strategic partnerships. The company continues to grow, expanding its reach into the gaming industry with new projects and initiatives.

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Frequently Questions

What is the latest funding and company overview for Games24x7 on Crunchbase?

As of the latest updates, Games24x7, a leading online gaming company in India, has secured significant funding rounds. The company's Crunchbase profile highlights multiple investments, including a $75 million Series C round in 2021, led by Tiger Global Management. This funding supports Games24x7's expansion into new markets and the development of its gaming platforms, such as RummyCircle and My11Circle. The company continues to innovate and grow, leveraging its strong user base and strategic partnerships to enhance its market presence. For the most current details, visit Crunchbase directly.

How much revenue does Games24x7 generate annually?

Games24x7, a leading online gaming company in India, generates approximately $200 million in annual revenue. The company, known for its platforms like RummyCircle and My11Circle, has seen significant growth due to the increasing popularity of online gaming. Their revenue is primarily driven by user engagement and the monetization of in-game activities. With a strong foothold in the Indian market and expanding user base, Games24x7 continues to innovate and enhance its offerings, contributing to its robust financial performance.

How much revenue does Games24x7 generate?

Games24x7, a leading online gaming company in India, generates an estimated revenue of over $100 million annually. The company, known for its platforms like RummyCircle and My11Circle, has seen significant growth due to the rising popularity of online gaming in the country. Their strategic focus on user engagement and innovative game offerings has contributed to their robust financial performance. As the online gaming sector continues to expand, Games24x7 is well-positioned to maintain its strong revenue stream and market leadership.

What is the revenue of Games24x7?

Games24x7, a leading online gaming company in India, reported a revenue of approximately $100 million in the financial year 2020-2021. The company, known for its platforms like RummyCircle and My11Circle, has seen significant growth due to the surge in online gaming during the pandemic. Their strategic focus on user engagement and innovative game offerings has contributed to this impressive revenue figure. As the online gaming sector continues to expand, Games24x7 is well-positioned to maintain its strong financial performance.

How does Games24x7 compare to other gaming platforms?

Games24x7 stands out in the gaming platform market with its diverse portfolio, including RummyCircle and My11Circle. Unlike many competitors, it offers both skill-based games and fantasy sports, catering to a wide audience. The platform's user-friendly interface and robust security measures enhance player trust. Additionally, Games24x7's commitment to responsible gaming and regular updates ensures a safe and engaging experience. While other platforms may focus on a single genre, Games24x7's versatility and focus on player satisfaction set it apart, making it a comprehensive choice for gaming enthusiasts.