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.
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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 revenue
Overview of Games24x7
Games24x7 is a leading online gaming platform in India, known for its diverse array of games and services. Established in 2006, the company has grown significantly over the years, expanding its reach to millions of customers across the country.
Revenue Streams
Games24x7 generates revenue through various channels:
Online Gaming Revenue
• The primary source of income is from online gaming transactions, including deposits, bets, and other game-related activities. • The platform offers a wide range of games, such as poker, rummy, fantasy sports, and more.
Commission-based Model
• Games24x7 operates on a commission-based model, earning a percentage of the total transaction value for each game played or bet placed. • This model incentivizes players to engage with the platform, generating revenue for the company.
Partnerships and Collaborations
• The company partners with other gaming platforms, technology providers, and content creators to expand its offerings and reach new audiences. • These collaborations often involve revenue-sharing agreements, further increasing Games24x7’s earnings.
Revenue Breakdown
Games24x7’s revenue breakdown is structured as follows:
Q1-Q2:
• 60% - 70% from online gaming transactions • 20% - 30% from commission-based model • 5% - 10% from partnerships and collaborations
Q3-Q4:
• 55% - 65% from online gaming transactions • 25% - 35% from commission-based model • 10% - 15% from partnerships and collaborations
Factors Affecting Revenue
Several factors impact Games24x7’s revenue, including:
• Player Engagement: The company’s revenue is directly correlated with player engagement. Higher engagement rates lead to increased transactions and revenue. • Market Competition: As the online gaming market becomes increasingly competitive, Games24x7 must adapt its strategies to stay ahead of rivals. • Regulatory Changes: Regulatory updates can either positively or negatively impact Games24x7’s revenue. The company must navigate these changes effectively to maintain its growth trajectory.
Conclusion
Games24x7 has established itself as a significant player in the Indian online gaming industry, with a robust revenue model and diverse revenue streams. By understanding the company’s revenue dynamics and factors affecting it, stakeholders can better appreciate the challenges and opportunities that lie ahead for Games24x7.
play games24x7 revenue
Games24x7, a leading gaming company in India, has been making waves in the industry with its impressive revenue figures. As one of the largest online gaming platforms, they have successfully tapped into the growing demand for interactive entertainment. In this article, we’ll delve into the world of Games24x7 and explore the factors that contribute to their substantial revenue.
A Brief Overview of Games24x7
Games24x7 is a well-established online gaming company founded in 2006 by Dharmender Gujral. Initially starting as a small online portal offering various games, they gradually expanded their offerings to become one of India’s leading gaming platforms. Their success can be attributed to a combination of innovative game development, user-friendly interfaces, and strategic partnerships.
Revenue Streams: The Key Drivers
Games24x7 generates revenue through several key channels:
Advertising
- Display advertising: Games24x7 places ads on their platform, generating revenue from clicks and impressions.
- Video advertising: They monetize video content through targeted ad placements, catering to the growing demand for video-based entertainment.
Gaming Subscriptions
- Premium subscription plans: Players can opt for premium subscriptions, offering exclusive benefits such as increased game credits, priority access to new games, and personalized customer support.
- Gaming packages: Games24x7 offers tiered gaming packages, providing users with a range of options tailored to their gaming needs.
In-game Purchases
- Virtual goods: Players can purchase virtual items, in-game currency, or premium features within the platform’s games.
- Microtransactions: Games24x7 allows players to make smaller, recurring purchases for in-game benefits or cosmetic upgrades.
Revenue Models and Strategies
Games24x7 employs various revenue models and strategies to stay competitive:
Dynamic Pricing
- Tiered pricing: They offer tiered subscription plans with varying features and benefits at different price points.
- Special promotions: Games24x7 runs targeted promotions, discounts, or limited-time offers to incentivize players to upgrade their subscriptions.
Partnerships and Collaborations
- Strategic partnerships: The company collaborates with other gaming companies, content creators, or industry leaders to expand its offerings and reach new audiences.
- Game licensing agreements: Games24x7 licenses popular games from renowned developers, allowing them to tap into the success of well-established titles.
Challenges and Opportunities
Games24x7 faces challenges such as intense competition, regulatory hurdles, and maintaining user engagement. However, there are also opportunities:
Gaming Industry Growth
- India’s gaming market is rapidly expanding, driven by increasing internet penetration and growing demand for online entertainment.
- Mobile gaming: The shift to mobile gaming offers significant opportunities for growth, with players increasingly preferring on-the-go experiences.
Games24x7 has successfully navigated the competitive landscape of the gaming industry through strategic planning, innovative game development, and savvy partnerships. By understanding their revenue streams, models, and strategies, we can better comprehend the dynamics at play in this rapidly evolving sector.
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: [email protected]
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.