play games24x7 funding

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Table of contents

Source

play games24x7 funding

## Overview of Play Games24x7 Funding ### Industry Background Play Games24x7 is a popular online gaming platform that offers a wide range of games, including poker, rummy, and fantasy sports. The company has gained significant traction in recent years, with millions of users accessing its platforms every month. As the gaming industry continues to grow exponentially, companies like Play Games24x7 are seeking funding to scale their operations, expand their product offerings, and reach a broader audience. ### Funding Trends In the past few years, there has been a surge in investment activity in the online gaming sector, with many startups and established players securing significant funding rounds. This trend is expected to continue, driven by the growing demand for digital entertainment and the increasing availability of capital from venture capitalists, private equity firms, and family offices. ### Key Players In the Online Gaming Sector Some notable investors in the online gaming sector include SoftBank Vision Fund, Tencent Holdings, and KKR & Co. These investment giants have provided significant funding to companies like Play Games24x7, enabling them to scale their operations and expand their product offerings. ## Types of Funding for Play Games24x7 ### Venture Capital (VC) Funding VC firms provide early-stage funding to startups, typically in the form of equity investments. This type of funding is ideal for companies like Play Games24x7 that are seeking capital to develop their products, build their teams, and establish a strong market presence. VC funding can also be used to support product development, marketing initiatives, and strategic partnerships. ### Private Equity (PE) Funding PE firms provide growth capital to established companies or startups with significant traction. This type of funding is suitable for companies like Play Games24x7 that have already demonstrated their potential for growth and are seeking capital to further scale their operations. PE funding can be used to support business expansion, product innovation, and strategic acquisitions. ### Debt Financing Debt financing involves providing a loan to a company in exchange for interest payments over time. This type of funding is ideal for companies like Play Games24x7 that have a solid financial track record and are seeking capital to support specific projects or initiatives. Debt financing can be used to refinance existing debt, fund new product launches, or support business expansion. ## Benefits of Funding for Play Games24x7 ### Expanded Product Offerings Funding will enable Play Games24x7 to expand its product offerings, including the development of new games and features that cater to different user segments. This will help the company to attract a broader audience, increase user engagement, and drive revenue growth. ### Enhanced User Experience Funding will also allow Play Games24x7 to invest in technology upgrades, which will enhance the overall user experience on its platforms. This includes improving game performance, introducing new features, and providing better customer support. A seamless and engaging user experience is critical for retaining users and driving repeat business. ### Business Expansion Funding will enable Play Games24x7 to expand its business operations into new markets, both domestically and internationally. This will provide the company with access to new revenue streams, increase its market share, and establish itself as a leading player in the online gaming sector. ## Challenges Facing Play Games24x7 in Securing Funding ### Regulatory Compliance The online gaming industry is heavily regulated, and companies must comply with various laws and regulations when seeking funding. This includes ensuring that investors are aware of any regulatory risks associated with the business. ### Market Competition The online gaming market is highly competitive, with many established players vying for market share. Companies like Play Games24x7 must demonstrate a clear competitive advantage to attract funding from investors who are seeking high-growth opportunities. ### Security and Data Protection As online gaming platforms handle sensitive user data, companies must prioritize security and data protection when seeking funding. Investors will expect the company to have robust measures in place to protect user data and prevent cyber threats.

play games24x7 funding

games24x7 crunchbase

Introduction

Games24x7 is a prominent player in the online gaming and entertainment industry, offering a diverse range of games and services. The company’s Crunchbase profile provides valuable insights into its history, funding, leadership, and market presence. This article delves into the key aspects of Games24x7 as reflected on Crunchbase.

Company Overview

Founding and History

Founded: Games24x7 was established in 2006, marking its entry into the burgeoning online gaming sector.
Founders: The company was co-founded by Bhavin Pandya and Trivikraman Thampy, who have since led the company to significant milestones.

Headquarters and Locations

Headquarters: The company is headquartered in Mumbai, India.
Global Presence: Games24x7 has a strong presence in multiple countries, reflecting its global ambitions.

Funding and Investors

Funding Rounds

Seed Funding: The company secured its initial seed funding in 2006, laying the groundwork for its growth.
Series A: Games24x7 raised its Series A funding in 2010, which helped expand its product offerings and market reach.
Series B: The Series B funding round in 2015 further bolstered the company’s financial stability and innovation capabilities.

Notable Investors

Tiger Global Management: A key investor in Games24x7, contributing to the company’s growth and expansion.
Raine Group: Another significant investor, providing strategic guidance and financial support.

Products and Services

RummyCircle

Description: RummyCircle is one of Games24x7’s flagship products, offering a platform for playing rummy online.
Features: The platform includes various rummy variants, tournaments, and a user-friendly interface.

My11Circle

Description: My11Circle is a fantasy sports platform where users can create their dream teams and compete in various sports leagues.
Sports Covered: The platform covers popular sports like cricket, football, and kabaddi.

Ultimate Games

Description: Ultimate Games is a collection of casual and skill-based games, catering to a wide audience.
Game Types: Includes card games, board games, and other popular genres.

Leadership and Team

Executive Leadership

Bhavin Pandya: Co-founder and CEO, driving the company’s strategic vision and growth.
Trivikraman Thampy: Co-founder and CTO, overseeing the technological advancements and product development.

Key Team Members

Anurag Khurana: Chief Business Officer, responsible for driving business growth and partnerships.
Siddharth Jain: Chief Product Officer, leading the product development and innovation efforts.

Market Position and Competitors

Market Position

Market Leader: Games24x7 has established itself as a market leader in the online gaming sector in India.
Global Reach: The company’s products are available in multiple countries, expanding its global footprint.

Competitors

Dream11: A major competitor in the fantasy sports segment.
Paytm First Games: Another significant player offering a variety of online games and fantasy sports.

Future Outlook

Strategic Initiatives

Expansion Plans: Games24x7 is focused on expanding its product offerings and entering new markets.
Technological Innovations: The company is investing in advanced technologies like AI and machine learning to enhance user experiences.

Growth Potential

Market Trends: The online gaming industry is expected to grow exponentially, providing ample opportunities for Games24x7.
User Base: With a strong user base and continuous product innovation, the company is well-positioned for future growth.

Games24x7’s Crunchbase profile highlights its journey from a startup to a market leader in the online gaming industry. With a strong foundation, strategic funding, innovative products, and a visionary leadership team, the company is poised for continued success and growth in the coming years.

games24x7 crunchbase

play games24x7 private limited jobs

Play Games24x7 Private Limited is a leading name in the online entertainment industry, specializing in games, sports betting, and casinos. If you’re considering a career with this dynamic company, this guide will provide you with an overview of the opportunities available, the company culture, and how to apply for jobs at Play Games24x7.

About Play Games24x7 Private Limited

Play Games24x7 is a pioneer in the online gaming industry, offering a wide range of games and betting options. The company is known for its innovative approach to gaming, focusing on user experience and technological advancements. Some of their popular products include RummyCircle, My11Circle, and the BalleBaazi app.

Key Highlights:

Diverse Portfolio: Offers a variety of games including rummy, fantasy sports, and more.
User-Centric Approach: Focuses on enhancing user experience through technology and design.
Strong Market Presence: Established a significant footprint in the Indian gaming market.

Job Opportunities at Play Games24x7

Play Games24x7 offers a wide range of job opportunities across various departments. Whether you’re a tech enthusiast, a marketing guru, or a customer service expert, there’s a place for you at Play Games24x7.

1. Technology and Development

Software Engineers: Develop and maintain the company’s gaming platforms.
Data Scientists: Analyze data to improve user experience and game performance.
DevOps Engineers: Ensure smooth and efficient operations of the company’s IT infrastructure.

2. Product Management

Product Managers: Oversee the development and launch of new games and features.
UX/UI Designers: Create intuitive and engaging user interfaces.

3. Marketing and Sales

Digital Marketing Specialists: Drive online campaigns to attract new users.
Sales Executives: Promote the company’s products and services to potential partners.

4. Customer Support

Customer Service Representatives: Assist users with their queries and issues.
Community Managers: Engage with the user community and foster a positive environment.

5. Legal and Compliance

Compliance Officers: Ensure the company adheres to all legal and regulatory requirements.
Legal Advisors: Provide legal counsel on various aspects of the business.

Why Work at Play Games24x7?

Choosing a career at Play Games24x7 comes with several benefits:

Innovative Environment: Work in a cutting-edge industry with constant opportunities for innovation.
Growth Opportunities: The company offers ample opportunities for career advancement and skill development.
Collaborative Culture: A team-oriented environment that encourages collaboration and creativity.
Competitive Compensation: Attractive salary packages and benefits.

How to Apply for Jobs at Play Games24x7

If you’re interested in joining Play Games24x7, here’s how you can apply:

Visit the Career Page: Go to the official Play Games24x7 website and navigate to the ‘Careers’ section.
Browse Job Openings: Explore the available job listings and find positions that match your skills and interests.
Submit Your Application: Click on the job listing to view the full job description and requirements. Submit your resume and cover letter through the online application portal.
Prepare for Interviews: If your application is shortlisted, you will be contacted for interviews. Prepare by researching the company and practicing common interview questions.

Play Games24x7 Private Limited offers a vibrant and dynamic work environment with numerous career opportunities. Whether you’re passionate about technology, marketing, or customer service, there’s a place for you in this innovative company. Start your journey today by exploring the job openings and submitting your application.

play games24x7 private limited jobs

play games24x7 bangalore address

Play Games24x7 is a prominent name in the online gaming industry, offering a wide range of games including rummy, poker, and fantasy sports. If you’re looking to get in touch with Play Games24x7 or visit their office in Bangalore, here’s all the information you need.

About Play Games24x7

Play Games24x7 is a leading online gaming company known for its innovative and engaging games. The company has established itself as a trusted brand in the gaming community, offering a safe and secure platform for players to enjoy their favorite games.

Office Address in Bangalore

Play Games24x7’s office in Bangalore is located in the bustling Koramangala area. Here’s the complete address:

Play Games24x7
No. 12, 1st Floor, 
KSSIDC Industrial Area, 
5th Block, Koramangala, 
Bangalore - 560095, 
Karnataka, India

How to Reach

By Air

Kempegowda International Airport (BLR): The nearest airport is Kempegowda International Airport, located approximately 40 km from the office. You can hire a taxi or use a ride-sharing service to reach the office.

By Train

Bangalore City Railway Station: The nearest major railway station is Bangalore City Railway Station, about 10 km from the office. From there, you can take a taxi or use public transport to reach Koramangala.

By Bus

Koramangala Bus Stop: The office is conveniently located near the Koramangala Bus Stop, which is well-connected by local buses.

Contact Information

For any queries or further assistance, you can reach out to Play Games24x7 through the following contact details:

Phone: +91-80-4932-4932
Email: support@games24x7.com

Office Hours

The office operates during standard business hours:

Monday to Friday: 9:00 AM - 6:00 PM
Saturday: 9:00 AM - 1:00 PM
Sunday: Closed

Play Games24x7’s office in Bangalore is strategically located in the heart of the city, making it easily accessible for visitors and employees alike. Whether you’re looking to visit the office or get in touch with the company, the provided address and contact details should help you connect with Play Games24x7 efficiently.

play games24x7 bangalore address

Frequently Questions

How did Games24x7 secure its funding?

Games24x7, the company behind RummyCircle and My11Circle, secured its funding through a combination of strategic investments and venture capital. The company raised $75 million in a Series B funding round led by marquee investors like Tiger Global and Moore Strategic Ventures in 2021. This funding was aimed at enhancing its technology platform, expanding its product offerings, and fueling international growth. Prior to this, Games24x7 had also received significant funding from other notable investors, demonstrating strong market confidence and potential for growth in the online gaming sector.

What are the funding details for Games24x7?

Games24x7, a leading Indian online gaming company, has secured significant funding over the years. As of the latest data, the company has raised a total of $225 million in funding across multiple rounds. Notable investors include Raine Group and Tiger Global Management. The most recent funding round, a Series B, raised $225 million in 2021, valuing the company at $2.5 billion. This capital infusion is aimed at expanding its gaming portfolio, enhancing user experience, and exploring international markets. Games24x7's robust funding underscores its growth trajectory and market leadership in the online gaming sector.

How does Play Games24x7 P Ltd stand out in the gaming industry?

Play Games24x7 Pvt Ltd excels in the gaming industry through its innovative approach and diverse portfolio. Known for RummyCircle and My11Circle, the company offers engaging, skill-based games that attract millions of users. Their commitment to user experience is evident in their robust platforms, ensuring seamless gameplay and secure transactions. Play Games24x7 also stands out by fostering a vibrant community, offering regular tournaments and rewards, enhancing player interaction and loyalty. Their strategic partnerships and continuous product enhancements keep them at the forefront of the competitive gaming market, making them a preferred choice for gaming enthusiasts.

How does Play Games24x7 Pvt Ltd operate in Malad?

Play Games24x7 Pvt Ltd, a leading online gaming company, operates in Malad through its robust digital platform offering a variety of games. The company leverages advanced technology and user-friendly interfaces to provide seamless gaming experiences. Located in the bustling commercial hub of Malad, their office supports a dynamic team dedicated to innovation and customer satisfaction. Play Games24x7 Pvt Ltd focuses on creating engaging content, ensuring secure transactions, and fostering a vibrant community of gamers. Their operations in Malad reflect a commitment to local talent and global gaming standards, making them a prominent player in the online gaming industry.