Paytm First Games raises ₹140 crore for expansion

Paytm First Games on Thursday said it has raised $20 million (about ₹140 crore) from parent firms, AGTech and One97 Communications, for further expansion.

The fund will support the company’s ambition to scale its operations, invest in technology and further expand its user base through various marketing activities, a statement said.

“In the last six months, we have launched several games across different genres and the response has been encouraging. We now have more than 35 million registered users playing their favourite games, including the paid ones like Rummy and Fantasy Cricket. This fund-raise will support our ambition to become India’s largest gaming platform, which in turn makes gaming a rewarding experience for our users,” said Paytm First Games’ COO, Sudhanshu Gupta.