Real money gaming companies are companies that offer online games or platforms that allow users to participate in games of chance or skill for real money. These companies are popular in India, where a large portion of the population is interested in gaming and gambling.
We reached out to MyBetting, the most well-established authority on online gaming in India, and asked them to give us a breakdown of the biggest real money gaming companies in India by market cap. Here are the companies they presented us with:
Dream11
Dream11 is one of the biggest and most popular real money gaming companies in India. It was founded in 2012 and is headquartered in Mumbai. The company offers a platform for users to participate in fantasy sports leagues for real money. It has a market cap of over $2 billion and is backed by investors such as Kalaari Capital, Think Investments, and Multiples Alternate Asset Management.
Paytm First Games
Paytm First Games is another large real money gaming company in India. It is a subsidiary of Paytm, one of the biggest digital payment companies in the country. Paytm First Games offers a range of online games, including rummy, chess, and fantasy sports, for users to play for real money. It has a market cap of over $1 billion.
Mobile Premier League (MPL)
MPL is a mobile gaming company that allows users to participate in a variety of games, including fantasy sports, for real money. It was founded in 2018 and is headquartered in Bengaluru. The company has a market cap of over $500 million and is backed by investors such as Sequoia India, GoVentures, and Times Internet.
Rummy Circle
Rummy Circle is a real money gaming company that specializes in offering online rummy games. It was founded in 2010 and is headquartered in Bengaluru. The company has a market cap of over $200 million and is owned by the online gaming company Play Games24x7.
My11Circle
My11Circle is another real money gaming company that offers fantasy sports leagues for users to participate in. It is a subsidiary of the online travel company MakeMyTrip and has a market cap of over $100 million.
According to MyBetting.in, these are some of the biggest real money gaming companies in India by market cap. These companies have gained popularity in recent years due to the increasing popularity of online gaming and the availability of high-speed internet and mobile devices in the country.
Investing in Real Money Gaming Companies
Investing in real money gaming companies can be a lucrative opportunity for investors, as the gaming industry is growing rapidly and has a large customer base.
However, it is important to conduct thorough research and due diligence before investing in any company, as the gaming industry is subject to regulatory risks and can be affected by economic and market conditions. Here are some tips for investing in real money gaming companies:
Research the company: Before investing in a real money gaming company, it is important to thoroughly research the company and its financial health. Look at the company’s financial statements, revenue and profitability trends, and management team. It is also a good idea to read up on the company’s products and services, target market, and competitive advantage.
Consider the industry: The gaming industry is constantly evolving, and it is important to stay up to date on industry trends and developments. Consider the size of the market, the growth potential, and the regulatory environment.
Determine your investment strategy: It is important to have a clear investment strategy when investing in real money gaming companies. Determine your risk tolerance and investment horizon, and consider whether you want to invest for the long term or trade the stock actively.
Diversify your portfolio: It is generally a good idea to diversify your portfolio to reduce risk. Consider investing in a range of gaming companies with different business models and market positions.
Monitor your investments: Once you have invested in a real money gaming company, it is important to monitor the stock and the company’s performance regularly. Keep an eye on financial reports, news, and industry trends to make sure your investment is on track.
Investing in real money gaming companies can be a lucrative opportunity, but it is important to conduct thorough research and be aware of the risks involved. The gaming industry may not be the best choice for investing beginners who may be better off investing in a more traditional industry, due to the increased risks of the gaming industry.
But if you’re an adept investor, you can make informed investment decisions and potentially generate good returns from your investments, by following the advice we have outlined in this article.
