After a $75 million infusion, Games24x7 is valued at $2.5 billion.

TigerGlobal and others have invested approximately $75 million in Games24x7, valuing the company at $2.5 billion. Malabar Investments led the new round of fundraising, which included Tiger Global and Raine Group as well as other existing investors.

The money will be utilized to boost user growth, content creation, and technological capabilities.

Following the fundraising round, Games24x7 declared it to be the most valuable multi-game platform. Games24x7 Co-Founder and Co-CEO Trivikraman Thampy stated, "This investment is a testament not only to Games24x7's performance but also to India's great potential as an online skill gaming market."

Malabar Investments Managing Director Sumeet Nagar commented on the company's investment, saying, "Games24x7 is a pioneer in India's rapidly expanding online gaming market, having developed a highly lucrative business with excellent acquisition and retention KPIs. Not only that, but they've been steadily improving these indicators on a large scale, which we think is extremely impressive."

RummyCircle, My11Circle, and U Games are just a few of the game platforms available at Games24x7. It claims to have a user base of over 100 million people. RummyCircle and the fantasy game My11Circle generate the majority of the company's revenue.

Raine Group Partner and Co-Founder John Salter stated that the company believes in India's gaming market's potential.

We are committed to our cooperation with Games24x7 as it continues to innovate as a leader in the online gaming business, bringing engaging game-playing experiences to the Indian user across categories and formats," Salter said.

After the Union Government announced the formation of the AVGC (Animation, Visuals, Gaming, and Comics) task force in the recent Budget, the gaming corporation stated that this is the first big investment in India's online skill gaming market.

Notably, following the ban on internet gambling in some areas, numerous state governments have been keeping a close eye on gaming start-ups.
"Games24x7 is a pioneer in India's rapidly rising online gaming market, having developed a highly lucrative business with exceptional acquisition and retention metrics. Not only that, but they've been steadily improving these indicators on a large scale, which we think is extremely impressive. This reflects the great leadership team's data science expertise, rigor, thinking, and drive for excellence. We are pleased to be a part of Games24x7's future growth," said Sumeet Nagar, managing director of Malabar Investments.