Company lists
The Maharashtra edition · 2026

Gamingcompanies in Maharashtra

Mobile games, PC & console, gaming tech, esports, fantasy & real money and more: the companies building gaming in Maharashtra, with their founders, funding, team size and business models.

283 company profiles62 with reported revenue32 with recorded fundingSeptember 2026 edition
Maharashtra · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 4.0)

Recent gaming business events in Maharashtra

Funding, M&A, contract wins and launches involving 420 gaming companies in Maharashtra, last 24 months: 48 M&A deals · 11 funding rounds · 4 launches · 1 Contract. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: May 2026.

M&AAcquisition · Completed

Nazara technologies acquires Rusk media

The acquisition was completed for a subscription amount of ₹14,98,99,176. This development comes after a Share Subscription Agreement was executed on March 30, 2026, between Nazara…

Media and Entertainment
LaunchDreamStreet

Dream sports

Dream Sports, the parent company of Dream11, has officially launched DreamStreet, an AI-powered stock broking platform aimed at transforming how Indians invest in financial markets.

Stock broking platform
FundingPreferential issue of warrants

Nazara technologies

Gaming company Nazara Technologies has announced a Rs 500 crore fundraise through a preferential issue of warrants , according to a regulatory filing on Monday.

Investors Riambel Capital, S Gupta Family Investments, Plutus Investment and Holding, Classic enterprises
Gaming
LaunchVisual AI Platform for e-commerce

Youzu

Youzu announced the commercial launch of the world’s first all-in-one Visual AI Platform for e-commerce — enabling online retailers to let shoppers search by image, visualize products in…

Visual Commerce Platform
FundingSeries A

Ziffi Chess

Ziffi Chess, a startup that offers a fast-paced two-minute chess format, has raised INR 44.2 crore (about USD 5 million) in its Series A funding round.

Investors Tanglin Venture Partners, India quotient, DeVC, Symphysis LSV LLP
LaunchTechXpedite 3.0

Games24x7

Games24x7, today announced the third edition of its flagship accelerator program, TechXpedite.

Accelerator program
M&AAcquisition · Announced

Axana Estates LLP acquires Nazara technologies

Axana Estates LLP has acquired a 5.4% stake in online gaming company Nazara Technologies through a preferential issue of equity shares, according to a regulatory filing.

M&AMerger · Announced

Sporta acquires Dream sports

The board at Dream11 India, in January, passed a special resolution to approve the merger of Dream Sports Inc. with Sporta Technologies Private Limited under Section 233 of the Companies…

M&AAcquisition · Pending

Moonshine technologies acquires Nazara technologies

Nazara obtained the board’s nod to sell its 94.85% stake in its subsidiary Open Play to Moonshine Technologies, the parent of online poker platform Pokerbaazi, for INR 104.33 Cr.

M&AAcquisition

Norges bank acquires Nazara technologies

Norges Bank has bought 7.19 Lakh shares of gaming major Nazara Technologies via bulk deals

M&AAcquisition · Announced

Axana Estates LLP, Plutus Wealth Management LLP, Junomoneta Finsol Private Limited acquires Nazara technologies

Axana Estates LLP, Plutus Wealth Management LLP, along with Junomoneta Finsol Private Limited made an Open Offer to acquire equity shares in Nazara Technologies Ltd.

Gaming
M&AAcquisition · Announced

Axana Estates acquires Nazara technologies

Nazara Technologies announced on Monday its plans to secure Rs 495 crore through a 5.4% stake sale to Axana Estates, an entity established by the company's current investors.

Gaming & Media
M&AAcquisition · Announced

Axana Estates & Plutus Wealth Management acquires Nazara technologies

The transaction, which is priced at Rs 990 per share, has triggered an open offer wherein Plutus Wealth Management and Axana Estates, along with persons acting in concert (PAC), will…

Gaming & Media
M&AAcquisition · Announced

Axana Estates LLP acquires Nazara technologies

Nazara Technologies has raised INR 495 crore by selling a 5.4% stake to Axana Estates LLP, led by existing investors Arpit Khandelwal and Mithun Sacheti.

M&AAcquisition · Announced

Axana Estates LLP and Plutus Wealth Management LLP acquires Nazara technologies

Nazara Technologies Ltd, a leading diversified gaming and sports media platform, has announced an open offer for up to 26% of its equity shares.

M&AAcquisition · Announced

Axana Estates and Plutus Wealth Management, along with Junomoneta Finsol acquires Nazara technologies

Axana Estates and Plutus Wealth Management, along with Junomoneta Finsol, have made an open offer to acquire up to a 26% stake in Nazara Technologies Ltd.

Gaming
LaunchTechXpedite

Games24x7

Games24x7, India’s most user-centric, scientific, and innovative online gaming company, announced the launch of the second edition of its accelerator program, TechXpedite, aimed at…

Accelerator program

Gaming companies in Maharashtra, by revenue

Browse gaming companies in Maharashtra by reported revenue, one-year revenue growth, revenue model, age and stage. The 50 companies below are the largest by their most recent reported revenue among 62 gaming companies in Maharashtra that have filed a figure in the last four years. Every figure keeps its own reporting period, so compare periods before comparing amounts.

Showing 25 of 50

Provider of sports-related digital content, fantasy sports, and sports travel experiences

Sports tech
₹7,374.35 crFY 2024-25
-12%2024–2025
115+7% 12 mo to Aug 2024LinkedIn · Jul 2026
18 yr2008
0none in 3 months

Operator of a platform providing Rummy, Fantasy Sports, and Ludo

Sports tech
₹2,273.52 crFY 2023-24
Not reported
662-1% 12 mo to Sep 2024LinkedIn · Jul 2026
20 yr2006
1postings · last posted Jul 2026

Provider of diversified gaming and sports media platform

Mobile gaming
₹1,715.44 crFY 2024-25
+41%2024–2025
184+1% 12 mo to Mar 2023LinkedIn · Jul 2026
27 yr1999
0none in 3 months

Provider of digital entertainment experiences across gaming, esports, music, and sports

Mobile gaming
₹382.82 crFY 2024-25
+51%2024–2025
262-20% 12 mo to Aug 2024LinkedIn · Jul 2026
16 yr2010
0none in 3 months · last posted Aug 2022

Manufacturer of gaming accessories

Internet first media
₹83.97 crFY 2022-23
+2647%2022–2023
87-92% vs previous recordrecorded
5 yr2021
—No postings tracked

Mobile game development company

Mobile gaming
₹42.78 crFY 2024-25
-1%2024–2025
10+12% 12 mo to Sep 2024LinkedIn · Jul 2026
18 yr2008
0none in 3 months

Mobile game development studio specializing in adventure and action games

Mobile gaming
₹36.24 crFY 2024-25
+6%2024–2025
79-14% 12 mo to Sep 2024LinkedIn · Jul 2026
13 yr2013
6postings · last posted Sep 2026

Operator of a platform for fantasy sports and casual games

Esports
₹30.43 crFY 2024-25
-45%2024–2025
76-40% 12 mo to Sep 2024recorded Sep 2024
11 yr2015
0none in 3 months

Developer of mobile-based multi-genre games

Mobile gaming
₹28.08 crFY 2024-25
-15%2024–2025
110-14% 12 mo to Sep 2024LinkedIn · Jul 2026
21 yr2005
0none in 3 months · last posted Jun 2026

Online retailer of apparel and accessories related to esports

Esports
₹16.31 crFY 2023-24
+257%2023–2024
34-17% vs previous recordLinkedIn · Jul 2026
9 yr2017
0none in 3 months

Developer of mobile-based casual video games

Mobile gaming
₹16.23 crFY 2024-25
-7%2024–2025
85-6% 12 mo to Sep 2024recorded Sep 2024
16 yr2010
0none in 3 months · last posted Jun 2026

Provider of virtual reality solutions

Virtual reality
₹13.85 crFY 2024-25
+3%2024–2025
30-14% 12 mo to Sep 2024LinkedIn · Jul 2026
9 yr2017
0none in 3 months

Ecommerce platform for gamers

Gaming tech
₹12.03 crFY 2023-24
-8%2023–2024
—Not available
5 yr2021
0none in 3 months

PC games developer

Pc & console gaming
₹11.84 crFY 2023-24
+7%2023–2024
10LinkedIn · Jul 2026
9 yr2017
0none in 3 months

Esports organization providing players collaboration

Esports
₹7.43 crFY 2024-25
+67%2024–2025
—Not available
9 yr2017
0none in 3 months

Developer of mobile games

Mobile gaming
₹6.51 crFY 2024-25
+30%2024–2025
30LinkedIn · Jul 2026
7 yr2019
1postings · last posted Jul 2026

Mobile gaming app studio

Mobile gaming
₹5.27 crFY 2024-25
-18%2024–2025
10-19% 12 mo to Sep 2024LinkedIn · Jul 2026
14 yr2012
0none in 3 months

Esports organization for training and competitions

Esports
₹4.00 crFY 2024-25
+2%2024–2025
48LinkedIn · Jul 2026
5 yr2021
0none in 3 months

Game development studio primarily focusing on the outsourced development of games

Mobile gaming
₹3.72 crFY 2024-25
-9%2024–2025
39LinkedIn · Jul 2026
22 yr2004
0none in 3 months

Independent mobile game development company

Mobile gaming
₹2.36 crFY 2024-25
-40%2024–2025
2LinkedIn · Jul 2026
12 yr2014
0none in 3 months

Online platform offering a wide range of enigmas and riddles with answers to improve logical thinking and problem-solving skills.

Mobile gaming
₹2.32 crFY 2024-25
+47%2024–2025
28LinkedIn · Jul 2026
8 yr2018
0none in 3 months

Provider of gaming monetization platform

Gaming tech
₹1.81 crFY 2024-25
+1763%2024–2025
23LinkedIn · Jul 2026
5 yr2021
0none in 3 months · last posted Apr 2026

Esports organization managing teams and talent, creating content, and fostering community growth

Esports
₹1.73 crFY 2024-25
-10%2024–2025
12LinkedIn · Jul 2026
10 yr2016
0none in 3 months · last posted Sep 2025

Developer of mobile-based casual video games

Mobile gaming
₹1.49 crFY 2024-25
+67%2024–2025
17LinkedIn · Jul 2026
19 yr2007
0none in 3 months

Provider of online gaming platform

Mobile gaming
₹1.31 crFY 2023-24
+3959%2023–2024
108-94% 12 mo to Oct 2021LinkedIn · Jul 2026
20 yr2006
0none in 3 months
50 of 283 companies shown here · the full list is on Radar
Fliar Radar

Explore all 283 gaming companies in Maharashtra on Radar

This page shows the top 50. Radar has the complete, filterable list with contacts and live company signals.

Open gaming in Maharashtra on Radar
  • Every company, not just 50All 283 gaming companies in Maharashtra, filterable by stage, funding, team size, revenue model and age.
  • Founders and decision-makersLeadership teams with roles and verified LinkedIn profiles, ready for outreach.
  • Live signalsFunding rounds, hiring, launches and M&A as they happen, with alerts on the companies you follow.
  • Save and exportBuild lists, compare companies side by side and export them from your Radar account.

Explore gaming companies in Maharashtra by what you are looking for

Discover top gaming companies in Maharashtra, from mobile game developers to esports organizations. Browse gaming startups in Maharashtra and online gaming platforms in one place.

9 ways to explore gaming in Maharashtra

Mobile game developers & online gaming companiesPC & console game developersGaming technology & cloud gaming platformsEsports organizations & tournament platformsFantasy sports & real money gaming companiesNFT & blockchain gaming companies

Mobile game developers & online gaming companies

Studios and platforms building mobile and online games.

  1. Dream Sports

    Provider of sports-related digital content, fantasy sports, and sports travel experiences

    Sports tech
    See in list
  2. Games24x7

    Operator of a platform providing Rummy, Fantasy Sports, and Ludo

    Sports tech
    See in list
  3. JetSynthesys

    Provider of digital entertainment experiences across gaming, esports, music, and sports

    Mobile gaming
    See in list
  4. HungamaGames

    Mobile game developer focusing on cricket games

    Mobile gaming
    Website
  5. June Gaming

    Mobile game development company

    Mobile gaming
    See in list

PC & console game developers

Developers and publishers of PC and console games.

  1. ProYuga

    Provider of virtual reality solutions

    Virtual reality
    See in list
  2. Nodding Heads Games

    PC games developer

    Pc & console gaming
    See in list
  3. Gamebee Studio

    Developer of mobile games

    Mobile gaming
    See in list
  4. Lost Ferry Interactive

    Video game developer focusing on casual games

    Pc & console gaming
    See in list
  5. GameEon

    Developer of mobile games and provider of game development services

    Pc & console gaming
    See in list
50 companies in Maharashtra

Gaming technology & cloud gaming platforms

Tools, engines and platforms that power games.

  1. Games2win Media

    Developer of mobile-based multi-genre games

    Mobile gaming
    See in list
  2. Sameo

    Ecommerce platform for gamers

    Gaming tech
    See in list
  3. MetaShop

    Developer of AI platform converting video and images into 3D models

    Generative ai
    See in list
  4. Qlan

    AI-based social networking tool for gamers

    Social platforms
    See in list
  5. House of Games

    Provider of eSports and social platform for gamers

    Gaming tech
    Website

Esports organizations & tournament platforms

Esports teams, leagues and streaming platforms.

  1. JetSynthesys

    Provider of digital entertainment experiences across gaming, esports, music, and sports

    Mobile gaming
    See in list
  2. PlayerzPot

    Operator of a platform for fantasy sports and casual games

    Esports
    See in list
  3. Global eSports

    Online retailer of apparel and accessories related to esports

    Esports
    See in list
  4. Entity Gaming

    Esports organization providing players collaboration

    Esports
    See in list
  5. Orangutan

    Esports organization for training and competitions

    Esports
    See in list
36 companies in MaharashtraAll 171 esports companies in India →

Fantasy sports & real money gaming companies

Fantasy sports, rummy and skill gaming operators.

  1. Dream Sports

    Provider of sports-related digital content, fantasy sports, and sports travel experiences

    Sports tech
    See in list
  2. Games24x7

    Operator of a platform providing Rummy, Fantasy Sports, and Ludo

    Sports tech
    See in list
  3. FantasyCult

    Developer a cricket fantasy sports platform

    Esports
    Website
  4. Fookri

    Developer of a fantasy gaming application for multiple sports leagues

    Gaming tech
    Website
  5. FanClash

    Esports fantasy gaming platform

    Esports
    See in list

NFT & blockchain gaming companies

Play-to-earn and blockchain-based game builders.

  1. Ultiverse

    Official website for social gaming metaverse

    Pc & console gaming
    Website
  2. SportZchain

    Provider of blockchain-enabled fan engagement solutions

    Pc & console gaming
    Website
  3. Operon Origins

    Provider of NFT based card game

    Pc & console gaming
    Website
  4. ANTF

    Platform offering NFT-based play-to-earn gaming economy

    Non fungible tokens
    Website
  5. Bogoshipo

    Online platform offering blockchain-based games

    Non fungible tokens
    Website

AR, VR & immersive gaming companies

Companies building virtual and augmented reality experiences.

  1. ProYuga

    Provider of virtual reality solutions

    Virtual reality
    See in list
  2. MetaShop

    Developer of AI platform converting video and images into 3D models

    Generative ai
    See in list
  3. Migoistudios

    Developer of interactive entertainment software and digital content for multiple platforms

    Mobile gaming
    Website
  4. Wandermindlabs

    Developer of 2D and 3D games for multiple platforms

    Gaming tech
    Website
  5. Pluto

    Online platform for building virtual characters

    Social platforms
    Website

Gaming startups in Maharashtra

Recently founded gaming companies in Maharashtra.

  1. Brandscale Innovations

    Manufacturer of gaming accessories

    Internet first media
    See in list
  2. Sameo

    Ecommerce platform for gamers

    Gaming tech
    See in list
  3. At Moon Ventures

    Provider of gaming monetization platform

    Gaming tech
    See in list
  4. MetaShop

    Developer of AI platform converting video and images into 3D models

    Generative ai
    See in list
  5. Elixir Gamelabs

    Developer of mobile-based casual video games

    Mobile gaming
    See in list
77 companies in Maharashtra

Gaming companies hiring in Maharashtra

Gaming companies in Maharashtra with open roles.

  1. Games24x7

    Operator of a platform providing Rummy, Fantasy Sports, and Ludo

    Sports tech
    See in list
  2. JetSynthesys

    Provider of digital entertainment experiences across gaming, esports, music, and sports

    Mobile gaming
    See in list
  3. Rendered Ideas

    Mobile game development studio specializing in adventure and action games

    Mobile gaming
    See in list
  4. Games2win Media

    Developer of mobile-based multi-genre games

    Mobile gaming
    See in list
  5. Gametion

    Developer of mobile-based casual video games

    Mobile gaming
    See in list
13 companies in Maharashtra
Mobile reach

Top 10 gaming apps from Maharashtra

The most-installed Android apps published by gaming companies headquartered in Maharashtra — 1925.2M installs between them. 75 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 10
1

Ludo King®

by Gametion

Installs1464.5M
Rating4.1610.3M ratings
Installs, year on year+18%
Last updatedJun 2026
View on Google Play ↗
Ludo King® screenshot 1Ludo King® screenshot 2Ludo King® screenshot 3Ludo King® screenshot 4Ludo King® screenshot 5Ludo King® screenshot 6
2

MaskGun: FPS Shooting Gun Game

by June Gaming

Installs102.6M
Rating4.0615K ratings
Installs, year on year+9%
Last updatedOct 2025
View on Google Play ↗
MaskGun: FPS Shooting Gun Game screenshot 1MaskGun: FPS Shooting Gun Game screenshot 2MaskGun: FPS Shooting Gun Game screenshot 3MaskGun: FPS Shooting Gun Game screenshot 4MaskGun: FPS Shooting Gun Game screenshot 5MaskGun: FPS Shooting Gun Game screenshot 6
3

World Robot Boxing

by RelianceGames

Installs83.3M
Rating4.452.4M ratings
Last updatedJun 2026
View on Google Play ↗
World Robot Boxing screenshot 1World Robot Boxing screenshot 2World Robot Boxing screenshot 3World Robot Boxing screenshot 4World Robot Boxing screenshot 5World Robot Boxing screenshot 6
4

World Of Carrom :3D Board Game

by AppOn

Installs58.7M
Rating4.595K ratings
Installs, year on year+18%
Last updatedMay 2026
View on Google Play ↗
World Of Carrom :3D Board Game screenshot 1World Of Carrom :3D Board Game screenshot 2World Of Carrom :3D Board Game screenshot 3World Of Carrom :3D Board Game screenshot 4World Of Carrom :3D Board Game screenshot 5World Of Carrom :3D Board Game screenshot 6
5

Jungle Adventures

by Rendered Ideas

Installs56.5M
Rating4.66176K ratings
Installs, year on year+4%
Last updatedMar 2026
View on Google Play ↗
Jungle Adventures screenshot 1Jungle Adventures screenshot 2Jungle Adventures screenshot 3
6

T20 Cricket Champions 3D

by Zapak

Installs48.7M
Rating3.7168K ratings
Last updatedJun 2026
View on Google Play ↗
T20 Cricket Champions 3D screenshot 1T20 Cricket Champions 3D screenshot 2T20 Cricket Champions 3D screenshot 3T20 Cricket Champions 3D screenshot 4T20 Cricket Champions 3D screenshot 5T20 Cricket Champions 3D screenshot 6
7

Indian Train Simulator Express

by Bajake studios

Installs35.0M
Rating4.0949K ratings
Installs, year on year+2%
Last updatedDec 2024
View on Google Play ↗
Indian Train Simulator Express screenshot 1Indian Train Simulator Express screenshot 2Indian Train Simulator Express screenshot 3Indian Train Simulator Express screenshot 4Indian Train Simulator Express screenshot 5Indian Train Simulator Express screenshot 6
9

Real Snooker 3D

by EivaaGames

Installs25.2M
Rating4.477K ratings
Installs, year on year+22%
Last updatedNov 2025
View on Google Play ↗
Real Snooker 3D screenshot 1Real Snooker 3D screenshot 2Real Snooker 3D screenshot 3Real Snooker 3D screenshot 4Real Snooker 3D screenshot 5Real Snooker 3D screenshot 6
10

Masala Express: Cooking Games

by CYMPL

Installs23.1M
Rating4.37132K ratings
Installs, year on year+13%
Last updatedMay 2026
View on Google Play ↗
Masala Express: Cooking Games screenshot 1Masala Express: Cooking Games screenshot 2Masala Express: Cooking Games screenshot 3Masala Express: Cooking Games screenshot 4Masala Express: Cooking Games screenshot 5Masala Express: Cooking Games screenshot 6
The business behind the activity

Gaming financials in Maharashtra

Revenue, profit and growth from the filed annual accounts of 51 gaming companies in Maharashtra for FY24-25 — 75 of the 283 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 99% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹7,647.60 cr

51 companies filing accounts

combined net profit−₹384.25 cr

-5.0% aggregate margin

are profitable45%

23 of 51 companies

median revenue~₹69 lakh

the typical company

median revenue growth+2%

into FY24-25

earned by the top five99%

revenue concentration

Six-year view

Combined revenue of filing companies

₹3,434.73 crFY19-2039 filers
₹4,452.85 crFY20-2144 filers
₹5,610.73 crFY21-2245 filers
₹9,102.81 crFY22-2354 filers
₹11,039.64 crFY23-2456 filers
₹7,647.60 crFY24-2551 filers

The number of companies filing changes each year; the three-year cohort below compares like with like.

Like-for-like

The same 38 companies over three years

+10%
FY22-23₹6,894.21 cr₹227.20 cr net
FY23-24₹8,593.96 cr₹1,213.42 cr net
FY24-25₹7,615.12 cr−₹378.20 cr net

Companies with accounts for all three years, so growth is not an artefact of who filed.

Scale and profit

Bigger companies are far more often profitable

Under ₹1 cr3030% profitable
₹1–10 cr1362% profitable
₹10–100 cr683% profitable
₹100–1,000 cr1100% profitable
Over ₹1,000 cr10% profitable

Companies by FY24-25 revenue. Bars show how many companies sit in each band.

Momentum

How fast revenue moved into FY24-25

Shrinking21
0–20%8
20–50%6
50–100%1
Doubled+8

44 companies with accounts for both years; median growth +2%.

Profitability

Profit is concentrated at the top

23profitable
28loss-making
-5.0%aggregate margin
-7.6%median margin

The aggregate margin is pulled up by a few large filers; the median shows the typical company.

Growth leaders · ₹10 cr+ revenue

Fastest growing, FY24-25

CompanyGrowthRevenue
NazaraNazara Technologies Limited+49%₹100.86 cr
Rendered IdeasRENDERED IDEAS SOFTGAME PRIVATE LIMITED+6%₹36.24 cr
ProYugaProyuga Advanced Technologies Limited+3%₹13.85 cr
June GamingJUNE GAMING PRIVATE LIMITED-1%₹42.78 cr
GametionGAMETION TECHNOLOGIES PRIVATE LIMITED-7%₹16.23 cr
Dream SportsSPORTA TECHNOLOGIES PRIVATE LIMITED-12%₹7,333.06 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
Rendered IdeasRENDERED IDEAS SOFTGAME PRIVATE LIMITED43.4%₹36.24 cr
NazaraNazara Technologies Limited27.8%₹100.86 cr
ProYugaProyuga Advanced Technologies Limited27.4%₹13.85 cr
GametionGAMETION TECHNOLOGIES PRIVATE LIMITED11.7%₹16.23 cr
June GamingJUNE GAMING PRIVATE LIMITED7.9%₹42.78 cr
Games2win MediaGAMES2WIN INDIA PRIVATE LIMITED4.2%₹28.08 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Mobile gaming33₹251.90 cr~₹47 lakh48%17.8%
Leaders

Largest gaming companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
Dream SportsSPORTA TECHNOLOGIES PRIVATE LIMITED₹7,333.06 cr−₹428.40 cr-5.8%-12%
NazaraNazara Technologies Limited₹100.86 cr₹28.04 cr27.8%+49%
June GamingJUNE GAMING PRIVATE LIMITED₹42.78 cr₹3.39 cr7.9%-1%
Rendered IdeasRENDERED IDEAS SOFTGAME PRIVATE LIMITED₹36.24 cr₹15.72 cr43.4%+6%
PlayerzPotPLAYERZPOT MEDIA PRIVATE LIMITED₹30.43 cr−₹72.65 lakh-2.4%-45%
Games2win MediaGAMES2WIN INDIA PRIVATE LIMITED₹28.08 cr₹1.19 cr4.2%-15%
GametionGAMETION TECHNOLOGIES PRIVATE LIMITED₹16.23 cr₹1.90 cr11.7%-7%
ProYugaProyuga Advanced Technologies Limited₹13.85 cr₹3.79 cr27.4%+3%
Gamebee StudioGamebee Studio Llp₹6.51 cr₹2.18 cr33.4%+30%
Entity GamingENTITY GAMING PRIVATE LIMITED₹5.40 cr₹4.26 cr78.8%>10×
Some figures are available to Radar members.Log in to Radar to see every figure

Standalone annual accounts filed with the Ministry of Corporate Affairs. Brands that share one legal entity are shown together and counted once.

Industry landscape report

Gaming Industry Landscape of India

The financials above are one chapter. The full gaming landscape of Maharashtra maps the whole industry — every segment, the capital behind it, the talent market and where the next opportunities are.

  • Market map of every sub-sector
  • Funding & company formation by year
  • Revenue, profit & financial strength
  • Digital footprint: traffic, apps, releases
  • Hiring, skills & pay
  • Founders & leaders
  • News & sentiment
  • Where demand runs ahead of supply
Read the gaming landscape of Maharashtra
For investors and data teams

Put this intelligence into your own tools

The figures on this page come from Fliar’s company, funding and MCA filings data. Use it through the Investor Intelligence API and MCA financials feeds, or explore every company, filing and investor in Radar.

Capital & corporate activity

Gaming funding and M&A across India

405 recorded equity rounds have gone to 2,257 gaming companies in India — how much, at which stage, into which sub-sectors, from whom, and how Maharashtra compares. Debt, IPO and grant rounds are excluded.

equity rounds, last 12 months5

US$25.34m

equity rounds, last 24 months35

US$73.22m

raised over five yearsUS$1.79bn

201 rounds in India

M&A deals, Maharashtra48

last 24 months

Capital by year

Equity funding into gaming in India

amount rounds
$157m201828
$66m201935
$192m202037
$1.3bn202158
$272m202253
$96m202334
$41m202431
$40m202522
$22m20263

Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2021, with US$1.32bn across 58 rounds.

The funding ladder · five years

Rounds and typical cheque by stage

AngelUS$3.93m19 rounds · median US$46k
SeedUS$142.48m133 rounds · median US$790k
Series AUS$170.55m22 rounds · median US$7.00m
Series BUS$178.09m11 rounds · median US$11.33m
Series CUS$189.35m6 rounds · median US$22.76m
Series D+US$1.11bn10 rounds · median US$5.93m
Where the money went · five years

Most-funded sub-sectors

Sports techUS$936.54m5 rounds · 3 companies
EsportsUS$409.85m32 rounds · 17 companies
Mobile gamingUS$285.39m79 rounds · 47 companies
Gaming techUS$67.37m33 rounds · 12 companies
Pc & console gamingUS$60.87m30 rounds · 22 companies
Communication appsUS$13.40m3 rounds · 2 companies
Gambling techUS$8.89m6 rounds · 2 companies
Corporate activity · last 24 months

M&A in Maharashtra

46Acquisition
2Merger

Most active acquirers

  1. Nazara technologies37
  2. Axana Estates LLP7
  3. Morgan stanley1
  4. Sporta1
  5. Moonshine technologies1

Most acquired or merged

  1. Nazara technologies10
  2. Curve digital2
  3. Absolute sports2
  4. Pokerbaazi2
  5. Rusk media1

Each deal appears in the events strip at the top of the page.

Go deeper in the gaming landscape reports:

Gaming Industry Landscape of India

Gaming funding in Maharashtra

32 gaming companies in Maharashtra have recorded equity funding, US$1.34bn in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in Maharashtra

Meet the people behind gaming companies in Maharashtra. 141 of 283 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Maharashtra gaming companies by sub-sector

The most common specialisations among gaming companies in Maharashtra. Open a company to see what it sells, who runs it and how far it has come.

Keep exploring gaming in India and nearby markets.

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