Indian gaming industry to get $5 million investment

Baazi Games, a nascent online gaming space in India, is looking to invest $5 million in the Indian gaming industry. With a vision to lead the country's fast growing gaming industry, the company is seeking to invest in innovative start-ups that will help in developing the latest gaming technology. The investment is likely to be made in the next six months.

Baazi Games has earned a good market share in the last five years in India ever since they came out with the poker gaming app called PokerBaazi.com. They have a user base of over 3 million, with fantasy sports 'BalleBaazi' and rummy being added well.

Earlier in 2019, the company had invested 21 million in the fantasy cricket space. BalleBaazi rose a $4 million funding in Series A from private equity funds in July this year. Baazi Games also expanded its card games by launching RummyBaazi.com.

The Indian gaming space is expected to grow by at least 22 per cent in the next few years, and that is the reason why it has been attracting a number of big investments in the last few years.

In April 2019, Dream11 entered the 'unicorn' club after an investment by Steadview Capital. Sportskeeda and Qunami also made news when Nazara Technologies invested in the respective companies.