Octro, the company behind Teen Patti, has received Series A round of funding of $15 million from Sequoia Capital. Besides Teen Patti, it also has a game based on Rummy and launched a digital version of Tambola a few weeks back. Teen Patti and Rummy are currently among the top five games in multiple categories on Google Play. Teen Patti, the game, looks similar to to Zynga Poker and is available for iOS and Android. What makes these games so popular is that you get to play against real people including your friends as opposed to bots. Octro was started by Saurabh Aggarwal as a VoIP company in 2006, but pivoted to games at some stage. There are no advertisements in their games and Octro monetizes the game through in-app transactions. It claims to have a daily active user base of 2 million. Octro competes against companies such as Adda52 and Mango Games. While Adda52 offers poker and rummy, Mango Games, which raised an undisclosed amount of funding earlier this year, offers rummy games. Then there was also Bangalore-based Bash Gaming that was acquired by GSN Games for $160 million earlier this year. There have been a few questions about the legality of such games in India, but the general consensus is that it is okay as long as the games do not involve real money. That being the case, companies such as Adda52 let people buy virtual currency and when they organise tournaments, offer mobilephones and tablets to winners instead of cash.…
- ONDC September Round-Up: AI, grievance redressal, financial services, Google, exports, and more September 30, 2023
- ‘The Liver Doctor’ X account suspended following defamation case by Himalaya Wellness Corporation September 29, 2023
- Bombay HC to Pronounce Judgment on Fact Check Amendment on December 1st, Stay on Notification to Continue Until Then September 29, 2023
- Here’s how web publishers can opt out of Google crawlers scraping website data to train AI models September 29, 2023
- Parliament Standing Committee Calls For A Monitoring Group To Check Technological Readiness For Digital Education Projects September 29, 2023
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...
Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...
RBI Deputy Governor Rabi Shankar called for self-regulation in the fintech sector, but here's why we disagree with his stance.
Straw man fallacy: IT Ministers’ defence of government exemptions in data protection law misses the point
Both the IT Minister and the IT Minister of State have chosen to avoid the actual concerns raised, and have instead defended against lesser...
The Central Board of Film Certification found power outside the Cinematograph Act and came to be known as the Censor Board. Are OTT self-regulating...
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...