Paytm First Games offered Rs. 10 crore fund to provide launchpad to homegro developers and design studios. The Noida-based One97 Communications-owned company has promised to help Indian developers participate with technology solutions and promote their games on the Paytm game app. Apart from the newly created fund, Paytm First Games is scheduled to invest Rs. 300 crores in the market of fantasy games and online gaming during the financial year 2020-21.
Through Rs. 10 crore fund, Paytm first game Will organize a number of events and hackathons to identify young developers in India and curb their game. However, specifics on how the fund will be allocated remain to be announced.
Paytm First Games claims that it will promote games focused on Indian culture and folklore to lead the digital gaming sector in the country.
“As a domestic company, we want to play our role in enabling India’s gaming ecosystem. Our goal is to support more than 200 talented developers who may not have access to resources compared to larger studios, ”Sudhanshu Gupta, COO Paytm First Games said in a mail.
Together Rs. A fund of 10 crores for local developers and design studios, Paytm First Games totaled Rs. Aims to invest in. 300 crores which will be for fantasy games and for organizing other online gaming events during the current financial year.
Paytm First Games has recently appointed Sachin Tendulkar as its brand ambassador. Cricket Star will help increase its presence in the fantasy sports market which already has Dream 11 and Mobile Premier League as two major players.
Comes a few weeks after the new announcement Google Pulled the paytm first games app from play store For content to violate its rules. The Paytm app was also removed from Google Play, but it returned shortly after.
Disclosure: One97, the parent company of Paytm, is an investor in Gadgets 360.
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