About Mobile Gaming sector in India
The Mobile Gaming sector in India comprises 1.52K companies, including 160 funded companies having collectively raised $3.03B in venture capital money and private equity. Out of these, 52 are Series A+ funded, and 4 have achieved unicorn status.
Mobile Gaming sector in India has seen 18 acquisitions and 3 IPOs.
This sector includes companies that enhance the mobile gaming ecosystem in the capacities of Game developers, Gaming Enablers, Gaming Platforms, Game Publishers.
Mobile Gaming sector is also known as Mobile Games or Mobile Game.
Includes: Gaming companies with the core business (major revenue) as the development and publishing of mobile games. The scope also include mobile gaming platforms (which enables the search discovery and online playing of mobile games ) and also gaming enablers ( companies that support game developers in the development, monetization, marketing and distribution of mobile games ). Excludes: Companies that develop mobile games but the core focus remains as PC/Console games and gambling companies that use real money to play games.
Top Mobile Gaming Companies in India
There are 1,522 Mobile Gaming startups in India which include JetSynthesys, Nazara, WinZO, Hike, PlaySimple. Out of these, 160 startups are funded, with 52 having secured Series A+ funding, and 4 achieving unicorn status.
2026 has seen the creation of 16 Mobile Gaming startups in India. Over the past 10 years, an average of 86 new companies have been launched annually. Notably, several of these startups have been founded by alumni of IIM Calcutta, IIT Delhi and IIT Bombay.
Here is the list of top Mobile Gaming startups in India
1. JetSynthesys
Developer of digital gaming software and creator of entertainment content. Operations include the production of mobile games and the management of competitive electronic sports leagues. Activities involve publishing digital media and facilitating community engagement through interactive platforms. The business focuses on building intellectual property for digital entertainment and managing talent networks within the gaming sector.
Key facts about JetSynthesys
- Founded Year: 2010
- Location: Pune (India)
- Stage: Series B
- Total Funding till date: $91.9M
- Investors: Pratithi Investments, Serum Institute of India and 30 Others
- Latest Funding Round: Series B, Jul 09, 2026, $*****
- Tracxn Score: 82/100 What is this?
- Competitors Rank: 3 of 12,674 Competitors
2. Nazara
Provider of diversified gaming and sports media platform. It develops learning apps for preschoolers, online playgrounds for kids, and mobile sports games. It operates a sports news website and an esports company that organizes tournaments. It also runs a games marketing agency connecting brands and publishers with gamers.
Key facts about Nazara
- Founded Year: 1999
- Location: Mumbai (India)
- Stage: Public
- Total Funding till date: $128M
- Investors: WestBridge Capital, Hornbill Capital and 102 Others
- Latest Funding Round: Post IPO, Aug 06, 2026, $*****
- Tracxn Score: 81/100 What is this?
- Competitors Rank: 3 of 11,494 Competitors
3. WinZO
Digital platform offering a wide range of online games with monetization options and social features. It is a social gaming and interactive entertainment platform offering a wide variety of games and interactive experiences. It offers puzzle, arcade, sports, racing, card games fantasy sports and esports.
Key facts about WinZO
- Founded Year: 2018
- Location: Delhi (India)
- Stage: Series C
- Total Funding till date: $92.1M
- Investors: Kalaari Capital, Makers Fund and 28 Others
- Latest Funding Round: Series C, Apr 12, 2021, $*****
- Tracxn Score: 78/100 What is this?
- Competitors Rank: 1 of 803 Competitors
4. Hike
Provider of blockchain based mobile gaming platform. The company is building Rush gaming universe mobile-only blockchain gaming platforms where players can use their skills to play, compete & win. Also, it offers a social platform for messaging, sharing, gaming, and crypto.
Key facts about Hike
- Founded Year: 2012
- Location: Delhi (India)
- Stage: Series D
- Total Funding till date: $261M
- Investors: Bharti SoftBank, Foxconn Electronics and 24 Others
- Latest Funding Round: Series D, May 06, 2022, $*****
- Tracxn Score: 77/100 What is this?
- Competitors Rank: 1 of 78 Competitors
5. PlaySimple
Developer of casual mobile games providing a portfolio of word-based and puzzle-oriented gaming experiences. The company focuses on creating accessible and engaging mobile entertainment through a diverse range of titles.
Key facts about PlaySimple
- Founded Year: 2014
- Location: Bengaluru (India)
- Stage: Acquired
- Total Funding till date: $4.5M
- Investors: Chiratae Ventures, Elevation Capital and 5 Others
- Latest Funding Round: Series A, Nov 11, 2016, $*****
- Tracxn Score: 75/100 What is this?
- Competitors Rank: 8 of 11,474 Competitors
Companies founded year-on-year in the Mobile Gaming sector in India
16 new startups have been founded so far in 2026 in the Mobile Gaming sector in India. 166 Mobile Gaming startups in India were founded in 2020 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2026 | 16 |
2025 | 30 |
2024 | 86 |
2023 | 89 |
2022 | 104 |
2021 | 131 |
2020 | 166 |
2019 | 91 |
2018 | 75 |
2017 | 76 |
Stage-wise distribution of Mobile Gaming sector companies in India
Out of the total 1,522 Mobile Gaming companies in India, 160 have secured funding. Among them, 52 have reached Series A or higher, and 33 to Series B or beyond.
Founded - 1,522
Funded - 160
Series A+ - 52
Series B+ - 33
Series C+ - 26
Company Stage | No. of companies |
|---|---|
Founded | 1,522 |
Funded | 160 |
Series A+ | 52 |
Series B+ | 33 |
Series C+ | 26 |
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Funding Trends in the Mobile Gaming sector in India
Total funding year-on-year in the Mobile Gaming sector in India
The Mobile Gaming sector in India saw a total funding of more than $2.64B in the last 10 years. The most amount of funding was in 2021 at more than $1.33B. There has been a total funding of $80.1M in 2026 till date.
- Total Funding
Year | Total Funding |
|---|---|
2026 | $80.1M |
2025 | $107M |
2024 | $139M |
2023 | $99.9M |
2022 | $321M |
2021 | $1.33B |
2020 | $185M |
2019 | $59.5M |
2018 | $141M |
2017 | $177M |
Recent Funding Rounds in Mobile Gaming in India
In the year 2026, till October 2026, Mobile Gaming companies in India have raised $44.6M in equity funding across 9 rounds.
In the same period last year (i.e. till September 2025), Mobile Gaming companies in India had raised $41.1M across 19 rounds.
So, 2026 has seen a 8.57% rise in funding in Mobile Gaming companies in India as compared to 2025.
Here are some recent, important funding rounds in Mobile Gaming companies in India:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Seed | 9352 | Oct 27, 2026 | and 2 more | |
Seed | 1678 | Oct 26, 2026 | ||
Series A | 5671 | Oct 14, 2026 | ||
Angel | 4361 | Aug 24, 2026 | ||
Series B | 5440 | Jul 09, 2026 |
Top Investors in Mobile Gaming in India
General Catalyst is the top investor in Mobile Gaming companies in India based on number of companies invested.
Here are some top investors in Mobile Gaming companies in India:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Cambridge (United States) | Matiks and QuriousBit | |
New York City (United States) | ||
Bengaluru (India) | ||
Palo Alto (United States) | ||
Delhi (India) |
M&A activity in Mobile Gaming sector in India
In the year 2025, till March 2025, 2 acquisitions happened in Mobile Gaming sector in India. Last year, in 2024, a total of 2 acquisitions happened in Mobile Gaming sector in India.
Here are some recent, important acquisitions in Mobile Gaming sector in India:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Mar 28, 2025 | ||
Business Acquisition | Mar 07, 2025 | ||
Business Acquisition | Dec 10, 2024 | ||
Business Acquisition | 2024 | ||
Acqui-Hired | Jun 21, 2022 |
Acquisition trends in Mobile Gaming sector in India
Here are the acquisition trends in Mobile Gaming sector in India:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | - |
2025 | 2 |
2024 | 2 |
2023 | - |
2022 | 1 |
2021 | 6 |
2020 | 2 |
2019 | 1 |
2018 | 1 |
2017 | 1 |
IPOs in Mobile Gaming in India
In the year 2021, till March 2021, 1 IPO happened in Mobile Gaming sector in India.
Here are some recent, important IPOs in Mobile Gaming sector in India:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Mar 30, 2021 | Bombay Stock Exchange (BSE), National Stock Exchange (NSE) | |
Feb 12, 2020 | Bombay Stock Exchange (BSE) |
Colleges which produce the most Mobile Gaming companies in India
Companies founded by alumni from top colleges in the Mobile Gaming in India
Most number of Mobile Gaming startups in India have been founded by alumni from IIM Calcutta, IIT Delhi and IIT Bombay.
College | No. of companies |
|---|---|
IIM Calcutta | 11 |
IIT Delhi | 11 |
IIT Bombay | 10 |
IIT Kanpur | 9 |
IIT Kharagpur | 8 |
BITS Pilani | 7 |
Stanford University | 7 |
IIT Madras | 5 |
Indian School of Business | 5 |
Carnegie Mellon University | 4 |
Total funding in Mobile Gaming companies founded by alumni from top colleges in India
In the last 10 years, Columbia Business School graduates' Mobile Gaming companies in India have raised the most funding among top colleges. Columbia University and University of Pennsylvania alumni are second.
College | Total Funding |
|---|---|
Columbia Business School | $950M |
Columbia University | $942M |
University of Pennsylvania | $942M |
IIT Kanpur | $530M |
BITS Pilani | $417M |
Imperial College London | $261M |
Stanford University | $155M |
IIM Calcutta | $129M |
Stanford Business School | $119M |
Booth School of Business | $117M |
Top News in Mobile Gaming in India
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Nazara Levels Up Global Gaming Bet with Rs 4.74 Cr Investment in 2 VC Funds
Outlook Business•Jun 27, 2025•Nazara, Play Ventures, F4 Fund
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PlayerzPot suspends opinion trading in Haryana, Tamil Nadu amid legal scrutinyG2G News•Jun 06, 2025•PlayerzPot
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Preeti Singh appointed Senior Advisor - Public Policy & Outreach at ZupeeExchange4Media•May 06, 2025•Zupee
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JetSynthesys launches JetAlive to tap into India's growing live experiences industryMoneycontrol•Apr 30, 2025•JetSynthesys
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Zupee turns profitable with Rs 146 crore PAT in FY24; revenue crosses Rs 1,000 crore markMoneycontrol•Apr 22, 2025•Zupee
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