Though the Indian online gaming ecosystem has witnessed staggering growth—especially post lockdown—the need of the hour is to kill all legal ambiguities to help it bloom in full glory
Let’s talk about the ladder first. In April, India emerged as the biggest country for mobile game downloads with a staggering 783 million installs, which is 16.6 percent of total worldwide downloads, according to latest numbers by Sensor Tower. “If you are not investing in India’s mobile gaming sector, then you are missing out on a massive opportunity,” reckons a senior venture capitalist (VC) working with an American fund that has made investments in one of the fantasy sports startups in India. “The segment is booming, growth has been fantastic, and one just needs to furiously keep climbing the ladder,” he adds, requesting anonymity.
Fantasy sports was wan estimated ₹34,000-crore market in FY21 and is projected to be a ₹165,000-crore market by FY25
(This story appears in the 17 June, 2022 issue of Forbes India. To visit our Archives, click here.)