Reliance entertainment to put money into 20 Indian Gaming Startups

Reliance Entertainment to Invest in 20 Indian Gaming Startups

With cell gaming gaining robust traction inside the usa, Reliance amusement has introduced its attentionback on the Indian marketplace and is trying to spend money on 20 gaming startups this yr.

Reliance games, a part of Reliance entertainment, has additionally introduced investments worth over $50,000 (more or less Rs. 33 lakhs) in marketing and technology to guide some Indian startups as part ofits ‘PG Connects’ occasion.

Reliance entertainment is a completely-owned subsidiary of Reliance Anil Dhirubhai Ambani group.

the following 18-24 months gift a huge possibility as India is ready to come to be the second biggestphone marketplace within the world. The marketplace is at a inflection factor and it’s miles a greenfieldopportunity for recreation developers as domestic mobile recreation marketplace grows extensively,” Reliance leisure virtual CEO Amit Khanduja instructed PTI.

some years in the past, there were about 40 gaming startups and now there are more than 250 startups, hedelivered.

“So, despite the fact that India is still an emerging game development hub – the skills and startupenvironment is developing exponentially and in the subsequent 3four years, we are hoping to look theenterprise grow to house as much as 50,000 professionals working in this area,” he stated.

Khanduja delivered that while the organisation has not defined an investment fund, it plans to “submitwith 20 Indie startups this yr“.

we are extra eager on strategic partnerships with startups than a particular quantum of monetaryinvestment wherein we are able to assist the partner take their recreation to the next stage for a launch.those partnerships encompass significant greenback investments in technology, marketing, analyticsand people resources from Reliance video games,” he said.

according to a FICCI-KPMG report, Indian gaming industry has grown from Rs. 1,000 crores in 2010 to Rs. 2,650 crores in 2015. this is projected to develop to Rs. 3,080 crores by using 2016-give up and in addition to Rs. 5,070 crores through the give up of December 2020.

The employer Tuesday introduced the partnership with Indian most fulfilling League’s cricket group, Gujarat Lions, and has turn out to be the authentic gaming partner of the Rajkot-based totally crew.

The games will allow players to customise their crew, have interaction with their favorite T20 stars – Suresh Raina, Brendon McCullum, Aaron Finch and different cricketers inside the Gujarat crew by means of gambling with their favored superstars in the game.

Khanduja stated the Indian market is “ripe for investments however it needs extra than economicinvestments”.

presently, indie-developers need massive hand keeping in layout, monetisation, advertising and marketing and technology, we see strategic tie usa the street to achievement than pure-play fund investments,” he brought.

The interest will see a massive pick out up, as soon as those talented startups develop in phrases ofparticipant engagement and monetisation, he added.

also, adoption of gaming past the metros and large cities into tier-II and III towns might offer a first-rateincrease.

“With the cellphone growth and 4G adoption, cell game marketplace is experiencing a hockey stick boomas games can offer focused advertising and sponsorships, in-app purchases via subscription and app savespends for hundreds of thousands of gamers here,” he stated.

Khanduja brought that value for cash gaming will thrive in India and branded advertisement and non-intrusive rewarded movies included into design of the game is the precise approach for engaging game enthusiasts.

Reliance video games works with Hollywood Studios like Dreamworks, Sony pix, Paramount photos, Columbia photographs and Warner Bros.

With over 200 million downloads globally, Reliance games operates across 5 nations global.

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Indian Startups Raised $1.73 billion in Q1 2016, Says Xeler8

Indian Startups Raised $1.73 billion in Q1 2016, Says Xeler8

Indian startups have raised $1.73 billion (roughly Rs. 11,471 crores) across 344 deals from 312 investors in the first quarter of 2016, a significant uptick in terms of deal volume and total investment size against the last quarter, analysis from startup deal intelligence platform Xeler8 has revealed.

E-commerce, SaaS (software as a service) and health-tech startups cumulatively accounted for 47 percent of the deal value over the last quarter, seeing a cumulative investment of over $810 million (roughly Rs. 5,371 crores) across 103 startups. Fintech, Edutech, and food tech sectors saw high investor interest, seeing over 20 deals each over the last quarter.

The top 10 funding deals raised over a billion dollars, with five companies – travel booking portal Ibibo, e-commerce marketplace Snapdeal, grocery delivery service Bigbasket, automotive listings platformCarTrade, and Edutech startup Byju’s Classes seeing funding events of over $100 million (roughly Rs. 6,630 crores) over the last quarter.

The top deal makers were Indian Angel Network, Blume Ventures, Accel Partners, 500 Startups, and Beenext. Q1 2016 also saw 40 M&A deals, the most popular target segments were SaaS, health-tech, and local services.

(Also read: India’s Top 7 Early Stage VC Firms)

Over 62 percent of the total deals i.e., 214 deals were at the seed and angel stage level (counting incubators and accelerators), and 56 investments were made by VC firms. 21 startups raised a Series A round. The quarter also saw two debt financing rounds raised by Flipkart and Paytm from HDFC and ICICI Bank respectively.

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Tags: E-Commerce, Funding, Health Tech, India, Internet, Investment, SaaS, Startups, Xeler8
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