Leading e-commerce and digital wallets portal Paytm has recently launched rummy and fantasy sports games on its mobile app.
The rummy and fantasy sports games are accessible on the Paytm homepage and are operated by the ‘Gamepind’ brand, the skill gaming joint venture between Alibaba-backed Chinese technology company AGTech and One97 Communications Limited (the parent company of Paytm, in which Chinese behemoth Alibaba is also an investor).
The fantasy sports app of Gamepind, developed and designed by Indore-based software company Vinfotech, presently offers daily fantasy games of cricket, football and kabaddi.
Currently, neither the fantasy sports or rummy games are offered for real money on the company’s app. While fantasy games can be played using ‘beans’ or points that can be purchased on the Paytm portal, only a free-to-play version of the rummy game can be played on the app using non-monetary points.
It is however understood that real money options of daily fantasy sports and rummy will be offered through the Paytm and Gamepind portals in the near future.
Last year, Paytm had announced that it had formed a Joint Venture with AGTech to start Gamepind a casual and skill gaming portal, where Paytm would hold 55% stake while AGTech holds the balance 45%. Both companies had stated that they would be jointly infusing $16 million in the venture.
Currently, besides fantasy sports and rummy, the Gamepind platform offers games like trivia, quizzes, ludo and other social and casual games.
With a valuation of over $16 billion or over Rs. 1 lakh crore, Paytm, one of the largest e-commerce companies in the world, is the biggest Indian entity to enter the skill gaming space. The investors of the company include Alibaba, Berkshire Hathway and SAIF partners.