- Companies
- Games24x7
Games24x7 Revenue, Valuation, Funding & Investors
Games24x7 is valued at $2.5B as of March 2022, a 14.5x multiple on its last reported $173M revenue.
Last Games24x7 valuation
$2.5B
Undisclosed stage · Mar 2022
Last Games24x7 funding round
$75M
Undisclosed stage · Mar 2022
Games24x7 revenue
$173M
Undisclosed stage · Mar 2022
Key investors in Games24x7
Tiger Global
The Raine Group
Malabar Investment Advisors
About Games24x7
Games24x7 is a Mumbai-headquartered online skill gaming company operating RummyCircle, India's largest online rummy platform, My11Circle, the country's second-largest fantasy sports platform, and U Games, a portfolio of casual gaming titles. The company serves more than 100 million users from offices in Bengaluru, New Delhi, Miami, and Philadelphia.
Founded
2006
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Commission
Revenue
$173M (Mar 2022)
Valuation
$2.5B (Mar 2022)
Games24x7 Valuation
Games24x7 is currently valued at $2.5B, based on its undisclosed-stage round in March 2022.
The $75M round was led by Malabar Investment Advisors, with participation from The Raine Group and Tiger Global.
Games24x7 valuation by funding round
| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Mar 2022 | Undisclosed stage | $2.5B | 14.5x |
Games24x7 Revenue
Games24x7's latest recorded revenue is $173M, as of its undisclosed-stage round in March 2022. At a $2.5B valuation, that implies a 14.5x revenue multiple.
Games24x7 revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Mar 2022 | $173M | $2.5B | 14.5x | Undisclosed stage |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Games24x7 Funding History
Games24x7 has raised a total of $75M across 1 funding round.
Games24x7 funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Mar 2022 | Undisclosed stage | Malabar Investment Advisors (lead); The Raine Group; Tiger Global | $75M | $2.5B | Games24x7, a Mumbai-headquartered online skill gaming platform, operates popular titles including RummyCircle (India's largest online rummy game), My11Circle (second-largest fantasy sports platform), and U Games (casual gaming portfolio). The company raised $75 million in a funding round on March 30, 2022, led by Malabar Investment Advisors with participation from existing investors Tiger Global and Raine Group, achieving a post-money valuation of $2.5 billion and entering India's unicorn club as the third gaming unicorn after Dream11 and Mobile Premier League. The funds are earmarked for expanding current businesses, user growth, content development, technological capabilities, and exploring immersive experiences like virtual and augmented reality. Games24x7 claims over 100 million users across offices in Bengaluru, New Delhi, Miami, and Philadelphia, positioning itself as India's most valuable multi-game platform with strong fundamentals amid a booming online gaming market driven by demographics, internet penetration, and government support. For the financial year ended March 2021, the company reported total income of $173 million (Rs 1,573 crore) and profit after tax of $50.5 million (Rs 110 crore), sourced from Tofler, highlighting its highly profitable business model with outstanding acquisition, retention metrics, and data science prowess as praised by Malabar's Sumeet Nagar. Leaders like co-founders Trivikraman Thampy and Bhavin Pandya emphasized the investment's validation of performance and India's skill gaming potential, with Raine Group serving as financial advisor. |
Who has invested in Games24x7?
3 investors have backed Games24x7 across its funding rounds, including Tiger Global, The Raine Group and Malabar Investment Advisors.
Lead investors include Malabar Investment Advisors.
Games24x7 Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Lead | Mar 2022 | ||
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialGames24x7 Competitors
Games24x7 competitors include listed companies like Playtika, XD, NCsoft and YOOZOO Games, and private ones like Zupee and Moon Active.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $2.8B | $180M | $881M | 1.1x | ||
| Private | $43M | - | $600M | 14.0x | ||
| Publicly listed | $859M | $262M | $2.2B | 1.8x | ||
| Publicly listed | $1.1B | $368M | $2.9B | 1.1x | ||
| Publicly listed | $209M | ($15M) | $2.1B | 9.0x | ||
| Private | $1.5B | - | $5B | 3.3x |
Games24x7 Public Comps
Games24x7 is still privately-owned, but its public comps include Bally's Intralot, XD, NCsoft, Rush Street Interactive, YOOZOO Games, Netmarble, Alpha, Brightstar Lottery, Embracer Group and Genius Sports.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $597M | $155M | 7.0x | 3.6x | 27.1x | 10.4x | |||
| $859M | $262M | 2.0x | 1.8x | 6.6x | 6.1x | |||
| $1.1B | $368M | 1.7x | 1.1x | 5.0x | 5.5x | |||
| $1.1B | $20M | 2.4x | 1.9x | 139.6x | 12.0x | |||
| $209M | ($15M) | 9.2x | 9.0x | (126.6x) | 34.0x | |||
| $2.1B | $389M | 1.0x | 1.1x | 5.6x | 6.6x | |||
| $369M | $28M | 5.2x | - | 67.8x | - | |||
| $2.5B | $915M | 2.8x | 2.8x | 7.6x | 6.0x | |||
This data is available for Pro users. Sign up to see all Games24x7 competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Games24x7
| When was Games24x7 founded? | Games24x7 was founded in 2006. |
| Where is Games24x7 headquartered? | Games24x7 is headquartered in India. |
| Is Games24x7 publicly listed? | No, Games24x7 is a private, VC-backed company. |
| What is Games24x7's valuation? | Games24x7 was last valued at $2.5B in its undisclosed-stage round in March 2022. |
| How much funding has Games24x7 raised? | Games24x7 has raised $75M across 1 funding round. |
| What was Games24x7's last funding round? | Games24x7's last funding round was a $75M undisclosed-stage round in March 2022, led by Malabar Investment Advisors. |
| Who are Games24x7's investors? | Games24x7's investors include Malabar Investment Advisors, The Raine Group and Tiger Global. |
| What is Games24x7's revenue? | Games24x7's latest recorded revenue is $173M (March 2022). |
| What is Games24x7's revenue multiple? | Games24x7's latest valuation implies a 14.5x revenue multiple ($2.5B valuation on $173M of revenue). |
| Which companies are comparable to Games24x7? | Companies comparable to Games24x7 include Playtika, Zupee, XD, NCsoft, YOOZOO Games and Moon Active. |
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