Gaming sector in India attracted investments worth $544 million: Report
The
gaming sector in India attracted USD 544 million in investments during August
2020-January 2021 period, and this is set to double over the next 12-18 months
on the back of higher user awareness and accelerated engagement, as per a
report by Maple Capital Advisors.
With
more than 400 million gamers, a plethora of investors are looking to deploy
funds in the sector, and with over 15 per cent of the global gaming traffic,
Indian gaming market is at an inflexion point.
"We
believe gaming is now at an inflexion point with greater investment and
consumer traction. With growth-oriented private equities now participating and
the first meaningful IPO around the corner, gaming is poised to attract greater
capital across stages, and we expect increased cross-border M&A,"
Maple Capital Advisors founder and MD Pankaj Karna said.
He
added that the investments are expected to double in the sector in the next
12-18 months.
"Consumer
traction (15 per cent of global traffic) on the back of greater awareness and
engagement is likely to accelerate. Also, clearer category leaders are likely
to emerge. We expect improved regulatory coverage or judicial clarity,
especially in the real money gaming space," he said.
As
per the report, growth capital funds like Chrys Capital and TPG participated
and numerous others have started to look at the sector.
Early-stage
investments have spanned actively on e-sports and casual gaming and are
witnessing good growth, it added.
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