13 August 2018, India:
Gamepind Entertainment Private Limited which operates mobile gaming platform Gamepind has raised $16 million from AGTech Holdings and One97 Communications.
AGTech will be holding 45% stake in the gaming platform while One97 Communications Ltd. (parent company of Paytm) will be holding a 55% stake.
Gamepind has appointed Sudhanshu Gupta as its Chief Operating Office. He will be overseeing the operations for the mobile gaming platform.
“With the penetration of smartphones and mobile internet, gaming is poised to become a multi-billion-dollar opportunity in India and I feel very excited to be a part of this journey. We will invest in building a platform to offer exciting and rewarding games for our users,” said Sudhanshu Gupta, Chief Operating Officer of Gamepind Entertainment Private Limited.
“AGTech continues to firmly believe in the vast potential of Gamepind and its ability to capture the fast growing mobile games market opportunity in India. We are pleased with Sudhanshu’s appointment as the Chief Operating Officer of Gamepind. We are confident that under his leadership, Gamepind will accelerate its growth in becoming the market leader of the Indian gaming industry. Going forward, AGTech will continue to strengthen our business in India, while seeking to continue globalizing our business in other selected overseas markets,” said GM Cheng, Director, Gamepind Entertainment Private Limited, and President of Global Market & S.E.E.D, AGTech.
“Gamepind has ambitious and innovative plans for the fast-growing mobile gaming ecosystem in India. Sudhanshu has been with Paytm for over five years and I am delighted to welcome him as Chief Operating Officer of Gamepind team. I am confident that under his leadership, Gamepind will grow to become the market leader in the gaming industry in India,” said Madhur Deora, Chief Financial Officer of Paytm.
(Image – Paytm)