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The corporate plans to make use of the funds to leverage the variety of video games on the platform and herald new expertise
Okie Gaming claims that it’s going to launch 25 video games by the tip of December and expects to have 1 Mn downloads and 1 lakh concurrent customers by then
At the moment, the gaming platform provides Good Housie, Fantasy Cricket, Good Quantity Quiz, Ludo, Cricket, Good Phrases, in addition to ‘Desi Sports League’
Mumbai-based on-line gaming startup Okie Gaming has acquired an undisclosed quantity from actress Kajal Aggarwal. She has picked up a 15% fairness stake within the firm and shall be becoming a member of Okie Gaming as a board member.
The corporate plans to make use of the funds to leverage the variety of video games on the platform and herald new expertise because it goals to clock INR 50 Cr income by the tip of this fiscal 12 months.
Launched by OKIE Ventures in February 2020, OKIE Gaming goals to faucet into the evolving market with indigenous digital video games. OKIE Gaming is a self-funded firm beneath OKIE Ventures and the platform has unveiled a ‘Desi Sports League’ for Indian audiences.
The corporate mentioned that Desi Sports activities League will primarily deal with regional sports activities like Vallam Kali (Boat Racing, Kerala), Dahi Handi (Maharashtra) with a brand new recreation set to launch each 30 days.
“We are excited to welcome Kajal into the Okie family as a strategic partner,” mentioned Masand, MD, Okie Ventures instructed ET. “Kajal’s personal interest in the gaming industry, wide reach and appeal will help the brand scale up to a much higher level. She is an involved investor who brings a unique set of ideas and insights to Okie Gaming.”
The corporate claims that it’s going to launch 25 video games by the tip of December and expects to have 1 Mn downloads and 1 lakh concurrent customers by then.
“The gaming industry is booming at this time, this is the right moment to be part of it. A passionate gamer myself, we hope to bring the finest user experience with our innovative and quirky games,” mentioned Kajal Aggarwal. “With Okie Gaming, I also hope to influence and open new avenues for women gamers in India.”
At the moment, the gaming platform provides Good Housie, Fantasy Cricket, Good Quantity Quiz, Ludo, Cricket, Good Phrases, in addition to ‘Desi Sports League’ specializing in common regional sports activities like Vallam Kali (Boat Racing, Kerala) and Dahi Handi (Maharashtra).
A current FICCI report and consultancy agency EY noticed that the net gaming business, together with transaction-based actual cash talent video games and informal video games, clocked round INR 6,460 Cr in revenues within the monetary 12 months 2019-2020, with transaction-based video games accounting for round INR 4,600 Cr. The report estimates the CAGR of the business to be greater than 40% and the business to succeed in a dimension of round INR 18,700 Cr by the monetary 12 months 2021-22.
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