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Hike is selling its stake in WinZO as Kavin Mittal enters gaming on his own


EXCLUSIVE: Hike is selling its stake in WinZO as Kavin Mittal enters gaming on his own
EXCLUSIVE: Hike is selling its stake in WinZO as Kavin Mittal enters gaming on his own
Sanchita DashMar 9, 2021, 15:29 IST
Kavin Mittal, HikeBCCL
WinZO, a gaming platform, sources told Business Insider.
Hike, in 2019, had invested $3 million in WinZO, as a part of its series A investment which also saw Kalaari Capital pumping in money.
Kavin Mittal’s Hike is looking to get back in the game with two new products – Vibe, an exclusive social platform and Rush, a gaming platform⁠.Kavin Mittal’s Hike is looking to get back in the game with two new products – Vibe, an exclusive social platform and Rush, a gaming platform⁠. And in that process the company is now selling its two-year old stake in WinZO, a real money gaming platform. ....

Saumya Singh Rathore , Paavan Nanda , Makers Fund , Kalaari Capital , Business Insider , Courtside Ventures , Kavin Mittal , Hike App , Gaming Startups , ச Um ம்யா சிங் ரதோரே , பாவந் நந்தா , தயாரிப்பாளர்கள் நிதி , வணிக உள் , நீதிமன்றம் முயற்சிகள் , கவின் மிட்டல் , உயர்வு செயலி , கேமிங் தொடக்கங்கள் ,

Dream11 | Scoop: Dream Sports' valuation may double to $4 billion


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“Existing investors including the likes of China’s Tencent Holdings, Kalaari Capital, Multiples Alternate Asset Management are among the investors looking to sell their shares. The deal may involve some primary cash infusion but the final contours are still being worked out.” said a person in the know.
In September last year, Dream Sports, founded by Harsh Jain and Bhavit Sheth in 2008,
had announced the closure of a $225 million funding round which too was largely a secondary stake sale transaction. The financing saw the entry of New York-headquartered Tiger Global Management, TPG Tech Adjacencies, ChrysCap and Footpath Ventures into the company with Dream Sports’ valuation swelling to $2.5 billion. ....

Abu Dhabi Alpha , Bhavit Sheth , Indian Premier League , China Tencent Holdings , Times Group , Dream Sports , Abu Dhabi , Alpha Wave Incubation , Falcon Edge , Tencent Holdings , Kalaari Capital , Multiples Alternate Asset Management , Harsh Jain , New York Headquartered Tiger Global Management , Footpath Ventures , Dream Sport , Mobile Premier League , Composite Capital , Moore Strategic , Times Internet , Dream Pay , Dream11 Funding , Dream11 Valuation , Dream11 Investors , Dream11 Chinese Investor , Gaming Startups ,

MPL's fundraise, Nazara's IPO debut portends the future of Indian gaming startups


MPL’s fundraise, Nazara’s IPO debut portends the future of Indian gaming startups
With gaming startup MPL soon set to become the next unicorn and Nazara poised to make its stock market debut, the Indian gaming sector may well be seeing the start of more important trends to come.
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The Indian gaming industry is at an inflection point with increasing funding activity on the back of growing international interest in a sector that s demonstrating better room of monetisation, experts say.
Online gaming has seen significant activity in recent months. With people working from home, social distancing becoming the norm, and limited physical sporting events due to the COVID-19 pandemic, e-sports and mobile gaming have seen rapid growth.  ....

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[YS Learn] The 20-year-old journey of Nazara Technologies that helped its early investor get a 40x exit


[YS Learn] The 20-year-old journey of Nazara Technologies that helped its early investor get a 40x exit
Exits are important milestones for startups and investors It helps bring in more investment and belief in the market. But to get an exit is a journey of at least 10 years. For Nazara, their focus and drive gave its early investor an exit of close to 40x returns.
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WestBridge Capital India Advisors, meeting entrepreneurs is a part of an everyday routine. But 25-year-old
Nitish Mittersain, Founder of Nazara Technologies, especially piqued his intrigued when he first met him in 2005. 
“The young 20-odd-year-old had two mobile phones in 2005; he was texting on one and playing on another. He seemed confident and knew about the space. After close to six months of conversations, Nitish had given me an understanding that he was not only an avid gamer but also a businessman,” Sandeep recalls.  ....

Sri Lanka , Sandeep Singal , Sachin Tendulkar , Hrithik Roshan , Nitish Mittersain , Mumbai Sydenham College Of Commerce , Business Administration , For Sandeep Singal , Managing Director , Westbridge Capital India Advisors , Nazara Technologies , Sydenham College , Southeast Asia , Middle East , Anshu Dhanuka , Westbridge Capital , Gaming Startups , Ys Learn , ஸ்ரீ லங்கா , சந்தீப் ஒற்றை , சச்சின் டெண்டுல்கர் , ஹிருத்திக் ரோஷன் , மும்பை ஸைடிநம் கல்லூரி ஆஃப் வர்த்தகம் , க்கு சந்தீப் ஒற்றை , நிர்வகித்தல் இயக்குனர் , நஜரா தொழில்நுட்பங்கள் ,