Radar · Mobile Gaming in India
Best Mobile Gaming Companies in India
The 624 best Mobile Gaming companies in India in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Dream Sports.
By Riya SenguptaFinancials
624companies tracked
$3Bdisclosed funding
4unicorns
111have raised
India's Mobile Gaming sector draws more serious money than most people realize: 624 companies tracked, $3.0B in disclosed funding, and four unicorns anchoring a market that grew at roughly 11.3% CAGR before the current consolidation cycle hit. The directory you're looking at ranks the best Mobile Gaming companies in India by equity funding and recent momentum. MPL leads all comers at $396M raised, Nazara sits at $128M, and JetSynthesys at $85M. But funding is only half the story.
The real weight is in earned revenue. Across 242 filers, the combined pool is $1.3B, though the median company books just $38,186 — so the distribution is brutal. Gameskraft Technologies pulled $454M in revenue, up 12%, and netted $82M, which is over 10,000 times the sector median net income. Nazara Technologies posted $189M, growing 43%. So what separates those outliers? Monetization discipline, mostly. As research on digital engagement patterns shows, sustained user behavior is the variable that converts installs into revenue, and median install growth of 11% across tracked apps suggests demand is real. I'd watch the mid-tier closely: the median revenue growth is down 15% YoY, which means the gap between winners and the rest is widening fast.
Sources & further reading
- Mobile is projected to account for 56% of gaming revenue in 2023
- Mobile Gaming Market to Hit $250.0 Billion By 2035, The Next Entertain
Ranked: Best Mobile Gaming companies in India
| # | Company | Revenue | Disclosed funding | Last round | Revenue YoY | App-install YoY | Tech stack | Market signals (1y) | Recent signals |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Dream Sports 🦄 Provider of sports-related digital content, fantasy sports, and sports travel experiences 67Market top 22%Moat top 23%Product top 26%Funding top 27% All 11 signals ▾Markettop 22% Moattop 23% Producttop 26% Fundingtop 27% Newstop 31% Techtop 37% Growthtop 46% Innovationtop 47% Fin. healthtop 48% Talentbottom 48% Globalbottom 39% Market: 1,136 employees (top 3% of Mobile) · Revenue ~$872M Moat: Top 1% by revenue among 230 tracked Sports Tech companies · Editorial + unicorn rating 4/10 rank vs industry peers · Fliar Intelligence Index 67/100 | $872M FY2025 | $1.5B | 57 mo ago | -12% | — | WordPressMySQLPHP+21 | 5 signals ▲150% Earnings · New product · Leadership | 1 award |
| 2 | Games24x7 🦄 Operator of a platform providing Rummy, Fantasy Sports, and Ludo 69Moat top 17%Customers top 19%Market top 22%Product top 27% All 12 signals ▾Moattop 17% Customerstop 19% Markettop 22% Producttop 27% Talenttop 28% Fundingtop 32% Techtop 42% Innovationtop 44% Globaltop 44% Fin. healthtop 48% Newsbottom 45% Growthbottom 37% Moat: Top 1% by revenue among 230 tracked Sports Tech companies · Editorial + unicorn rating 9/10 Customers: App rating 4.2★ (463,978 reviews) · Marquee-customer mentions: top 10% of tracked companies rank vs industry peers · Fliar Intelligence Index 69/100 | $265M FY2025 | $99M | 50 mo ago | -2% | — | WebflowYouTubeAmazon Web Services+17 | 4 signals ▼60% Layoffs · New product | — |
| 3 | Nazara Provider of diversified gaming and sports media platform 69Funding top 22%Moat top 22%Global top 25%Fin. health top 33% All 11 signals ▾Fundingtop 22% Moattop 22% Globaltop 25% Fin. healthtop 33% Markettop 34% Customerstop 37% Producttop 39% Newstop 42% Techtop 43% Growthtop 50% Talentbottom 40% Funding: Raised $128M across 14 rounds · 14 rounds over 21 yrs (0.7/yr) Moat: Top 1% by revenue among 206 tracked Mobile Gaming companies · Editorial + unicorn rating 6/10 rank vs industry peers · Fliar Intelligence Index 69/100 | $203M FY2025 | $128M | 16 mo ago | +41% | +2% | Webflowcore-jsAOS+14 | 67 signals ▼64% Earnings · M&A · Funding | — |
| 4 | MPL 🦄 Operator of an online platform providing real money skill-based gaming 83Moat top 17%Funding top 20%Market top 23%Tech top 25% All 9 signals ▾Moattop 17% Fundingtop 20% Markettop 23% Techtop 25% Fin. healthtop 30% Talenttop 38% Newstop 41% Globaltop 42% Growthtop 46% Moat: Top 1% by revenue among 51 tracked eSports companies · Editorial + unicorn rating 9/10 Funding: Raised $396M across 11 rounds · 11 rounds over 8 yrs (1.4/yr) rank vs industry peers · Fliar Intelligence Index 83/100 | $167M FY2025 | $396M | 16 mo ago | +30% | — | WordPressMySQLPHP+24 | 3 signals ▲50% Layoffs | 1 internship |
| 5 | Zupee Operator of digital platforms providing skill based board game applications 78Moat top 20%Customers top 21%Market top 26%Fin. health top 27% All 12 signals ▾Moattop 20% Customerstop 21% Markettop 26% Fin. healthtop 27% Growthtop 29% Newstop 31% Fundingtop 32% Talenttop 38% Innovationtop 40% Producttop 40% Techbottom 46% Globalbottom 39% Moat: Top 1% by revenue among 206 tracked Mobile Gaming companies · Editorial + unicorn rating 8/10 Customers: Play-Store rating 4.21★ across 2,407,091 ratings (2 apps) · Marquee-customer mentions: top 30% of tracked companies rank vs industry peers · Fliar Intelligence Index 78/100 | $142M FY2024 | $122M | 53 mo ago | +36% | +25% | Node.jsReactNext.js App Router+9 | 11 signals ▲1000% Layoffs · New product · M&A | — |
| 6 | Head Digital Works Provider of online skill-based gaming platforms 50Moat top 21%Tech top 37%Market top 39%Customers top 39% All 11 signals ▾Moattop 21% Techtop 37% Markettop 39% Customerstop 39% Fundingtop 43% Fin. healthbottom 49% Productbottom 47% Talentbottom 45% Growthbottom 42% Globalbottom 39% Newsbottom 36% Moat: Top 4% by revenue among 97 tracked Gambling Tech companies · Editorial + unicorn rating 8/10 Tech: 35 technologies across 4/8 capability areas · Cloud: Amazon Cloudfront, Amazon S3 rank vs industry peers · Fliar Intelligence Index 50/100 | $95M FY2025 | $91M | 109 mo ago | -8% | +5% | Node.jsYouTubeReact+11 | 3 signals ▼80% Layoffs | — |
| 7 | WinZO Digital platform offering a wide range of online games with monetization options and social features 74Growth top 18%Tech top 19%Moat top 21%News top 27% All 12 signals ▾Growthtop 18% Techtop 19% Moattop 21% Newstop 27% Talenttop 28% Fundingtop 36% Fin. healthtop 38% Producttop 40% Markettop 44% Customerstop 45% Innovationbottom 46% Globalbottom 39% Growth: Revenue +182% YoY · Web rank 5,000,000 → 50,000,000 YoY Tech: 32 technologies across 7/8 capability areas · Cloud: Amazon Cloudfront, Amazon Web Services rank vs industry peers · Fliar Intelligence Index 74/100 | $86M FY2023 | $92M | 62 mo ago | +182% | +31% | MediumTypeScriptGraphQL+18 | 7 signals ▲250% Regulatory · Announcements · Lawsuit | — |
| 8 | Baazi Games Operator of online poker and sports prediction gaming solutions 74Talent top 23%Moat top 24%Fin. health top 30%Product top 30% All 11 signals ▾Talenttop 23% Moattop 24% Fin. healthtop 30% Producttop 30% Innovationtop 33% Growthtop 34% Fundingtop 41% Markettop 43% Newstop 47% Techtop 48% Globalbottom 37% Talent: 5 named leaders on record · 5 C-suite/founder profiles curated Moat: Top 5% by revenue among 97 tracked Gambling Tech companies · Editorial + unicorn rating 7/10 rank vs industry peers · Fliar Intelligence Index 74/100 | $72M FY2025 | $2M | 10 mo ago | +35% | — | Apple iCloud MailMicrosoft 365Node.js+11 | — | — |
| 9 | Hike 🦄 Provider of blockchain based mobile gaming platform 78Growth top 5%AI top 15%Moat top 20%Customers top 24% All 13 signals ▾Growthtop 5% AItop 15% Moattop 20% Customerstop 24% Markettop 32% Fundingtop 34% Producttop 36% Talenttop 39% Fin. healthtop 44% Techbottom 49% Globalbottom 44% Patentsbottom 35% Innovationbottom 30% Growth: Revenue +150% YoY AI: Holds AI/ML patents (G06N-family CPC) rank vs industry peers · Fliar Intelligence Index 78/100 | $47M FY2024 | $261M | 49 mo ago | +150% | — | Squarespace CommerceCart FunctionalitySquarespace+17 | — | — |
| 10 | JetSynthesys Provider of digital entertainment experiences across gaming, esports, music, and sports 60Moat top 25%Funding top 27%Product top 29%Customers top 29% All 13 signals ▾Moattop 25% Fundingtop 27% Producttop 29% Customerstop 29% Techtop 32% Markettop 36% Fin. healthtop 41% Talenttop 46% Growthtop 48% Newstop 48% Innovationbottom 37% Globalbottom 37% Patentsbottom 28% Moat: Top 2% by revenue among 206 tracked Mobile Gaming companies · Editorial + unicorn rating 8/10 Funding: Raised $84.7M across 11 rounds · 11 rounds over 14 yrs (0.8/yr) rank vs industry peers · Fliar Intelligence Index 60/100 | $45M FY2025 | $85M | 14 mo ago | +51% | +8% | WordPressMySQLPHP+24 | 5 signals ▼29% Leadership · M&A · Earnings | 1 award |
| 11 | Moonfrog Labs Mobile game development studio | $39M FY2025 | $16M | 135 mo ago | +9% | +16% | Cart FunctionalityApple iCloud MailGoogle Workspace+23 | — | — |
| 12 | SuperGaming Developer of multiplayer online games and a game server platform 53Talent top 23%News top 26%Funding top 36%Customers top 39% All 11 signals ▾Talenttop 23% Newstop 26% Fundingtop 36% Customerstop 39% Moattop 39% Producttop 40% Fin. healthtop 49% Markettop 50% Growthtop 50% Globalbottom 45% Techbottom 44% Talent: 7 named leaders on record · 7 C-suite/founder profiles curated News: 7 BI events in 12 mo (of 11 tracked, 2 types) · +600% YoY rank vs industry peers · Fliar Intelligence Index 53/100 | $5M FY2025 | $7M | 10 mo ago | -1% | +12% | WebflowPlyrYouTube+15 | 7 signals ▲600% Funding | 1 award |
| 13 | Nautilus Mobile Developer of mobile-based sports games | $5M FY2025 | $5M | 52 mo ago | +11% | +19% | WixSentryBootstrap+12 | — | — |
| 14 | Games2win Media Developer of mobile-based multi-genre games | $3M FY2025 | $13M | 126 mo ago | -15% | — | WordPressMySQLPHP+15 | — | 7 job openings |
| 15 | Bombay Play Developer of hybrid casual games for online and mobile platforms | $2M FY2025 | $10M | 50 mo ago | -7% | +10% | FirebaseYouTubeBootstrap+9 | — | 1 internship |
| 16 | 99Games Developer of mobile games with focus on cooking and restaurant themes | $2M FY2025 | $11M | 87 mo ago | -29% | +22% | NginxAmazon Web ServicesSendinblue+5 | — | — |
| 17 | LILA Developer of free-to-play mobile shooter games with artistic and technical roles 48Growth top 32%Talent top 38%Fin. health top 44%Product top 47% All 10 signals ▾Growthtop 32% Talenttop 38% Fin. healthtop 44% Producttop 47% Fundingtop 49% Techbottom 49% Customersbottom 43% Globalbottom 39% Marketbottom 38% Newsbottom 22% Growth: Headcount 26 → 32 (+23%) across vintages · Revenue +25% YoY Talent: 2 named leaders on record · 2 C-suite/founder profiles curated rank vs industry peers · Fliar Intelligence Index 48/100 | $1M FY2025 | $13M | 51 mo ago | +25% | — | WordPressMySQLPHP+27 | — | — |
| 18 | Tube 11 Fantasy gaming application offering real-money rewards | $889K FY2025 | $4M | 46 mo ago | +777% | — | UbuntuNginxMixpanel+8 | — | — |
| 19 | Deftouch Independent mobile game development studio 48Growth top 17%Moat top 35%Talent top 38%Funding bottom 46% All 7 signals ▾Growthtop 17% Moattop 35% Talenttop 38% Fundingbottom 46% Fin. healthbottom 45% Globalbottom 37% Marketbottom 34% Growth: Revenue +61% YoY · Fresh capital in last 24 mo Moat: Top 19% by revenue among 206 tracked Mobile Gaming companies · Editorial + unicorn rating 5/10 rank vs industry peers · Fliar Intelligence Index 48/100 | $614K FY2025 | $2M | 20 mo ago | +61% | — | — | — | — |
| 20 | LightFury Games Platform for developing and publishing immersive AAA games for audiences 69Growth top 20%Moat top 27%Talent top 28%Funding top 38% All 10 signals ▾Growthtop 20% Moattop 27% Talenttop 28% Fundingtop 38% Techtop 42% Newstop 44% AItop 45% Marketbottom 48% Fin. healthbottom 46% Globalbottom 39% Growth: Revenue +157% YoY · Fresh capital in last 24 mo Moat: Top 12% by revenue among 48 tracked PC & Console Gaming companies · Editorial + unicorn rating 7/10 rank vs industry peers · Fliar Intelligence Index 69/100 | $522K FY2025 | $8M | 4 mo ago | +157% | — | Apple iCloud MailNode.jsThree.js+9 | — | — |
| 21 | Felicity Games Developer and publisher of casual mobile games utilizing AI technology for creative speed and scalable… 48Customers top 18%Growth top 28%Moat top 36%Product top 41% All 11 signals ▾Customerstop 18% Growthtop 28% Moattop 36% Producttop 41% Fundingtop 43% Talentbottom 49% Fin. healthbottom 48% Techbottom 40% Globalbottom 39% Marketbottom 38% Newsbottom 29% Customers: Play-Store rating 4.81★ across 52,333 ratings (15 apps) · Review volume +52% in 6 mo Growth: Revenue +1802% YoY · Web rank 5,000,000 → 10,000,000 YoY rank vs industry peers · Fliar Intelligence Index 48/100 | $488K FY2025 | $700K | 2 mo ago | +1802% | +64% | ReactReact RouterAmazon Web Services+9 | — | — |
| 22 | Brightpoint Studios Developer of casual games 60Growth top 11%Customers top 28%Talent top 45%Funding top 46% All 10 signals ▾Growthtop 11% Customerstop 28% Talenttop 45% Fundingtop 46% Moattop 46% Productbottom 48% Fin. healthbottom 44% Marketbottom 41% Techbottom 41% Globalbottom 36% Growth: Revenue +379% YoY · Web rank 50,000,000 → 10,000,000 YoY Customers: Play-Store rating 4.78★ across 5,499 ratings (1 apps) rank vs industry peers · Fliar Intelligence Index 60/100 | $362K FY2025 | $6M | 26 mo ago | +379% | +284% | Node.jsReactEmotion+7 | — | 5 job openings |
| 23 | HighXp Developer of mobile-based casual video games | $322K FY2025 | $2M | 36 mo ago | +247% | — | — | — | — |
| 24 | Mech Mocha Casual mobile games development studio | $275K FY2021 | $11M | 77 mo ago | +26% | — | — | — | — |
| 25 | Funstop Developer and publisher of games 48Growth top 13%Moat top 35%Talent top 38%Funding top 48% All 9 signals ▾Growthtop 13% Moattop 35% Talenttop 38% Fundingtop 48% Fin. healthbottom 45% Marketbottom 35% Techbottom 34% Globalbottom 32% Newsbottom 18% Growth: Revenue +269% YoY · Fresh capital in last 24 mo Moat: Top 29% by revenue among 206 tracked Mobile Gaming companies · Editorial + unicorn rating 4/10 rank vs industry peers · Fliar Intelligence Index 48/100 | $241K FY2025 | $2M | 19 mo ago | +269% | — | WordPressMySQLPHP+13 | — | — |
| 26 | Recreations Lab Mobile game developer focusing on hypercasual games | $241K FY2025 | $1M | 32 mo ago | +269% | — | — | — | 2 job openings · 1 internship |
| 27 | Studio Sirah Video game developer focusing on core games | $183K FY2025 | $3M | 42 mo ago | +56% | — | WixSentryBootstrap+12 | — | — |
| 28 | QuriousBit Game development studio | $163K FY2025 | $2M | 32 mo ago | +570% | +66% | React RouterReactGoogle Font API+5 | — | — |
| 29 | Xigma Games Developer of games across multiple platforms with original and innovative ideas 21Growth top 35%Talent top 38%Moat bottom 48%Funding bottom 42% All 8 signals ▾Growthtop 35% Talenttop 38% Moatbottom 48% Fundingbottom 42% Globalbottom 32% Marketbottom 28% Fin. healthbottom 28% Techbottom 25% Growth: Fresh capital in last 24 mo Talent: 2 named leaders on record · 2 C-suite/founder profiles curated rank vs industry peers · Fliar Intelligence Index 21/100 | $89K FY2025 | $10K | 2 mo ago | — | — | WordPressMySQLPHP+16 | — | — |
| 30 | AltWorld Provider of social metaverse gaming platform to play multiple games 19Moat top 37%Talent top 38%Growth bottom 45%Global bottom 39% All 7 signals ▾Moattop 37% Talenttop 38% Growthbottom 45% Globalbottom 39% Fundingbottom 38% Marketbottom 34% Fin. healthbottom 24% Moat: Top 31% by revenue among 16 tracked Non Fungible Tokens companies · Editorial + unicorn rating 4/10 Talent: 2 named leaders on record · 2 C-suite/founder profiles curated rank vs industry peers · Fliar Intelligence Index 19/100 | $85K FY2025 | $3M | 39 mo ago | +13% | — | — | — | — |
| 31 | GameEon Developer of mobile games and provider of game development services 22Innovation top 39%Product top 42%Moat top 48%Customers top 50% All 12 signals ▾Innovationtop 39% Producttop 42% Moattop 48% Customerstop 50% Talentbottom 49% Growthbottom 48% Techbottom 47% Fundingbottom 44% Globalbottom 39% Marketbottom 22% Newsbottom 18% Fin. healthbottom 14% Innovation: 7 product lines Product: 7 distinct product lines · 2 published apps (184 installs) rank vs industry peers · Fliar Intelligence Index 22/100 | $45K FY2024 | $2M | 21 mo ago | -64% | — | WordPress Block EditorElementorWordPress+28 | — | — |
| 32 | Giga Fun Studios Developer of mobile-based casual video games | $40K FY2025 | $2M | 41 mo ago | -32% | — | Wix eCommerceWixSentry+11 | — | — |
| 33 | nCORE Games Independent mobile game publishing company | $35K FY2025 | $10M | 53 mo ago | -50% | — | Tailwind CSSCloudflare Browser InsightsCloudflare+1 | — | — |
| 34 | Triple Tap Games Game development studio 11Customers top 30%Talent top 38%Product top 49%Funding bottom 44% All 9 signals ▾Customerstop 30% Talenttop 38% Producttop 49% Fundingbottom 44% Techbottom 35% Moatbottom 35% Globalbottom 32% Marketbottom 22% Fin. healthbottom 16% Customers: Play-Store rating 4.65★ across 3,172 ratings (4 apps) Talent: 2 named leaders on record · 2 C-suite/founder profiles curated rank vs industry peers · Fliar Intelligence Index 11/100 | $20K FY2025 | $1M | 15 mo ago | — | — | WordPressMySQLPHP+7 | — | — |
| 35 | LOKA Metaverse-based social networking platform 7Moat bottom 47%Tech bottom 45%Talent bottom 45%Funding bottom 35% All 8 signals ▾Moatbottom 47% Techbottom 45% Talentbottom 45% Fundingbottom 35% Growthbottom 32% Globalbottom 25% Marketbottom 15% Fin. healthbottom 13% Moat: Top 58% by revenue among 48 tracked PC & Console Gaming companies · Editorial + unicorn rating 5/10 Tech: 14 technologies across 3/8 capability areas · Cloud: Google Cloud, Google Cloud Cdn rank vs industry peers · Fliar Intelligence Index 7/100 | $17K FY2025 | $125K | 17 mo ago | -46% | — | — | — | — |
| 36 | Arckon Arts Mobile game developer focusing on casual games 21Growth top 32%Customers top 38%Talent top 38%Product bottom 41% All 10 signals ▾Growthtop 32% Customerstop 38% Talenttop 38% Productbottom 41% Moatbottom 41% Fundingbottom 40% Fin. healthbottom 36% Globalbottom 30% Marketbottom 21% Techbottom 15% Growth: Revenue +6% YoY · App-install growth +111% YoY Customers: Play-Store rating 4.04★ across 44,777 ratings (2 apps) · Review volume +3% in 6 mo rank vs industry peers · Fliar Intelligence Index 21/100 | $12K FY2025 | $10K | 2 mo ago | +6% | +76% | BootstrapApache HTTP ServerGoogle Font API+4 | — | — |
| 37 | Oneiric Mobile game developer focusing on casual games 24Talent top 38%Growth top 39%Innovation top 43%Product top 45% All 11 signals ▾Talenttop 38% Growthtop 39% Innovationtop 43% Producttop 45% Fin. healthbottom 46% Moatbottom 38% Fundingbottom 33% Globalbottom 30% Customersbottom 29% Techbottom 22% Marketbottom 19% Talent: 2 named leaders on record · 2 C-suite/founder profiles curated Growth: App-install growth +13% YoY · Fresh capital in last 24 mo rank vs industry peers · Fliar Intelligence Index 24/100 | $8K FY2024 | $1M | 22 mo ago | — | +13% | — | — | — |
| 38 | Spill Games Developer and publisher of games 32Growth top 11%Customers top 25%Talent top 28%Funding top 45% All 10 signals ▾Growthtop 11% Customerstop 25% Talenttop 28% Fundingtop 45% Producttop 49% Globalbottom 32% Techbottom 30% Moatbottom 27% Marketbottom 18% Fin. healthbottom 11% Growth: App-install growth +500% YoY · Fresh capital in last 24 mo Customers: Play-Store rating 4.92★ across 13,177 ratings (7 apps) rank vs industry peers · Fliar Intelligence Index 32/100 | $7K FY2025 | $4M | 1 mo ago | — | — | VarnishBootstrapGitHub Pages+10 | — | — |
| 39 | Xsquads Developer of mobile games 24Growth top 32%Innovation top 47%Talent bottom 49%Funding bottom 46% All 10 signals ▾Growthtop 32% Innovationtop 47% Talentbottom 49% Fundingbottom 46% Productbottom 41% Techbottom 35% Moatbottom 34% Fin. healthbottom 32% Globalbottom 30% Marketbottom 18% Growth: Revenue +43% YoY · Fresh capital in last 24 mo Innovation: 1 product line rank vs industry peers · Fliar Intelligence Index 24/100 | $4K FY2025 | $2M | 10 mo ago | +43% | — | WordPressMySQLPHP+18 | — | 1 launch |
| 40 | HitWicket Online platform offering mobile-based cricket strategy game and simulation experience 37Customers top 24%Tech top 33%Funding top 41%Growth top 47% All 11 signals ▾Customerstop 24% Techtop 33% Fundingtop 41% Growthtop 47% Talentbottom 49% Productbottom 40% Newsbottom 39% Globalbottom 39% Fin. healthbottom 38% Moatbottom 34% Marketbottom 28% Customers: Play-Store rating 4.38★ across 270,595 ratings (1 apps) · Review volume +17% in 6 mo Tech: 28 technologies across 6/8 capability areas · Cloud: Amazon S3, Amazon Web Services rank vs industry peers · Fliar Intelligence Index 37/100 | $983 FY2025 | $4M | 1 mo ago | +4% | +26% | Node.jsThree.jsGoogle Sign-in+12 | — | 1 partnership |
| 41 | Matiks Online platform offering competitive math games and puzzles for individuals to improve their mental… 72Growth top 17%Customers top 17%Talent top 28%Funding top 44% All 7 signals ▾Growthtop 17% Customerstop 17% Talenttop 28% Fundingtop 44% Globalbottom 45% Productbottom 40% Techbottom 38% Growth: Web rank 10,000,000 → 5,000,000 YoY · App-install growth +500% YoY Customers: Play-Store rating 4.70★ across 22,783 ratings (1 apps) rank vs industry peers · Fliar Intelligence Index 72/100 | — | $3M | 9 mo ago | — | — | SentryKaTeXGoogle Sign-in+7 | — | — |
| 42 | Ginger Games Developer and publisher of games 32Talent top 38%Global bottom 45%Funding bottom 43%Product bottom 36% All 4 signals ▾Talenttop 38% Globalbottom 45% Fundingbottom 43% Productbottom 36% Talent: 2 named leaders on record · 2 C-suite/founder profiles curated Global: Investors from 1 country beyond India rank vs industry peers · Fliar Intelligence Index 32/100 | — | $150K | 13 mo ago | — | — | — | — | 1 partnership |
| 43 | Airoclip Developer of casual games 16Talent top 38%AI top 45%Funding top 50%Global bottom 45% All 9 signals ▾Talenttop 38% AItop 45% Fundingtop 50% Globalbottom 45% Moatbottom 42% Productbottom 40% Techbottom 35% Marketbottom 25% Fin. healthbottom 17% Talent: 2 named leaders on record · 2 C-suite/founder profiles curated AI: Product described with: artificial intelligence rank vs industry peers · Fliar Intelligence Index 16/100 | — | $3M | 8 mo ago | — | — | VarnishReactGitHub Pages+4 | — | — |
| 44 | Mayhem Studios Developer of AAA battle royale games 40Moat top 15%Growth top 40%Funding top 41%Market top 47% All 9 signals ▾Moattop 15% Growthtop 40% Fundingtop 41% Markettop 47% Talentbottom 49% Globalbottom 45% Fin. healthbottom 36% Techbottom 32% Newsbottom 18% Moat: Top 6% by revenue among 206 tracked Mobile Gaming companies · Editorial + unicorn rating 7/10 Growth: Headcount 84 → 96 (+14%) across vintages · Fresh capital in last 24 mo rank vs industry peers · Fliar Intelligence Index 40/100 | — | $20M | 22 mo ago | — | — | BootstrapGoogle CloudCloudflare+9 | — | — |
| 45 | Shortgun Games Developer of video games focused on action and adventure experiences 37Growth top 35%Tech top 37%Talent top 38%Funding bottom 46% All 7 signals ▾Growthtop 35% Techtop 37% Talenttop 38% Fundingbottom 46% Productbottom 40% Globalbottom 30% Marketbottom 25% Growth: Fresh capital in last 24 mo Tech: 24 technologies across 5/8 capability areas · Cloud: Google Cloud, Google Cloud Cdn rank vs industry peers · Fliar Intelligence Index 37/100 | — | $1M | 10 mo ago | — | — | Wix eCommerceWixSentry+13 | — | — |
| 46 | Qila Games Developer of hypercasual games 5Talent top 38%Tech bottom 45%Funding bottom 37%Global bottom 37% All 7 signals ▾Talenttop 38% Techbottom 45% Fundingbottom 37% Globalbottom 37% Moatbottom 17% Fin. healthbottom 7% Marketbottom 6% Talent: 2 named leaders on record · 2 C-suite/founder profiles curated Tech: 11 technologies across 4/8 capability areas · Cloud: Cloudflare rank vs industry peers · Fliar Intelligence Index 5/100 | — | $1M | 17 mo ago | — | — | GoDaddy Website BuilderReactRequireJS+8 | — | — |
| 47 | Rudrac Developer of puzzle adventure video games for interactive experiences 21Talent top 38%Funding bottom 40%Global bottom 25% All 3 signals ▾Talenttop 38% Fundingbottom 40% Globalbottom 25% Talent: 2 named leaders on record · 2 C-suite/founder profiles curated Funding: Raised $10.0k across 1 rounds · 1 rounds over 1 yrs (1.0/yr) rank vs industry peers · Fliar Intelligence Index 21/100 | — | $10K | 2 mo ago | — | — | — | — | — |
| 48 | Bowled Provider of play-to-earn social gaming platform 16Talent top 28%Global bottom 43%Funding bottom 41%Market bottom 32% All 5 signals ▾Talenttop 28% Globalbottom 43% Fundingbottom 41% Marketbottom 32% Techbottom 21% Talent: 3 named leaders on record · 3 C-suite/founder profiles curated Global: Legal entities in 2 countries: India, Singapore · Investors from 2 countries beyond India rank vs industry peers · Fliar Intelligence Index 16/100 | — | $3M | 26 mo ago | — | — | — | — | — |
| 49 | R Games Provider of block-chain based virtual racing game 11Talent top 45%Tech bottom 43%Funding bottom 41%Global bottom 25% All 5 signals ▾Talenttop 45% Techbottom 43% Fundingbottom 41% Globalbottom 25% Marketbottom 16% Talent: 2 named leaders on record Tech: 17 technologies across 3/8 capability areas · Cloud: Cloudflare rank vs industry peers · Fliar Intelligence Index 11/100 | — | $3M | 26 mo ago | — | — | WebflowPleskChart.js+14 | — | — |
| 50 | Circle of Games Developer of blockchain-based casual mobile games offering crypto rewards 19Talent top 28%Customers top 30%Moat top 48%Funding bottom 40% All 9 signals ▾Talenttop 28% Customerstop 30% Moattop 48% Fundingbottom 40% Productbottom 40% Techbottom 35% Globalbottom 32% Marketbottom 21% Newsbottom 18% Talent: 3 named leaders on record · 3 C-suite/founder profiles curated Customers: Play-Store rating 4.60★ across 809 ratings (1 apps) · Review volume +66% in 6 mo rank vs industry peers · Fliar Intelligence Index 19/100 | — | $2M | 26 mo ago | — | — | Framer SitesReactPriority Hints+6 | — | — |
Top 12 Mobile Gaming companies in India
#1
MPL 🦄Series E · Bengaluru, Karnataka · founded 2018 · 392 employees$395.8Mraised▾
MPL 🦄
Series E · Bengaluru, Karnataka · founded 2018 · 392 employees
Operator of an online platform providing real money skill-based gaming. The platform offers various card, puzzle, sports, and casual games. Users can participate in contests and tournaments. Winnings are credited to user accounts and can be withdrawn.
Fliar Intelligence Index™ 83how this company ranks against its industry peers
Moat
top 17%Funding
top 20%Market
top 23%Tech
top 25%Fin. health
top 30%Talent
top 38%Moat: Top 1% by revenue among 51 tracked eSports companies · Editorial + unicorn rating 9/10 · Unicorn
Funding: Raised $396M across 11 rounds · 11 rounds over 8 yrs (1.4/yr) · Last round Series E (Feb 2025)
Market: 392 employees (top 19% of Mobile) · Revenue ~$167M · ~40% of tracked eSports revenue (51 cos, FY2025)
Audience (LinkedIn): 123k LinkedIn followers — 8.9% of this cohort's audience
Funding rounds
- Feb 2025Series E$5.4M
- Aug 2023Series E$2.6M
- May 2022Series E$5.9M
- Sep 2021Series E$156.6M
Founders & team
Investors
Base Partners, Pegasus Tech Ventures, MDI Ventures, RTP Global, GoVenture, Beenext
Tech stack
AhrefsCloudflareCloudflare Browser InsightsCore-JsEnvoyExpress
#2
Seed · Hyderabad, Telangana · founded 2012 · 68 employees$3.9Mraised▾
Seed · Hyderabad, Telangana · founded 2012 · 68 employees
Online platform offering mobile-based cricket strategy game and simulation experience. It is a mobile gaming company that offers a cricket strategy game where users can play as the owner, coach, and captain of their own cricket team.
Fliar Intelligence Index™ 37how this company ranks against its industry peers
Customers
top 24%Tech
top 33%Funding
top 41%Growth
top 47%Talent
bottom 49%Product
bottom 40%Customers: Play-Store rating 4.38★ across 270,595 ratings (1 apps) · Review volume +17% in 6 mo
Tech: 28 technologies across 6/8 capability areas · Cloud: Amazon S3, Amazon Web Services · Devops: Envoy, Nginx
Funding: Raised $3.9M across 9 rounds · 9 rounds over 11 yrs (0.8/yr) · Last round Conventional Debt (Apr 2026)
Audience (LinkedIn): 12k LinkedIn followers · 69 engagements/post (1.9× cohort median)
Activity (LinkedIn): 1 partnerships (incl. Google Play business community) announced in 12 mo
Funding rounds
- Apr 2026Conventional Debt$20M
- Apr 2024Angel—
- Nov 2022Seed$3M
- Mar 2022Seed$181K
Founders & team
Investors
AvA GROUP, TCA, Mecheri, Shead Investment Holdings, AVA, TicketGoose
Tech stack
AdjustAmazon S3Amazon Web ServicesAnimate.CssCdnjsCloudflare
#3
Seed · Bengaluru, Karnataka · founded 2024$3.9Mraised▾
Seed · Bengaluru, Karnataka · founded 2024
Developer and publisher of games. It develops free to play games for Android and iOS devices. It has developed games such as Fruit Merge and Shikaku Master. The games are made available on playstore.
Fliar Intelligence Index™ 32how this company ranks against its industry peers
Growth
top 11%Customers
top 25%Talent
top 28%Funding
top 45%Product
top 49%Global
bottom 32%Growth: App-install growth +500% YoY · Fresh capital in last 24 mo
Customers: Play-Store rating 4.92★ across 13,177 ratings (7 apps)
Talent: 3 named leaders on record · 3 C-suite/founder profiles curated
Funding rounds
- Apr 2026Seed$3.1M
- Nov 2024Seed$750K
Founders & team
Investors
All In Capital, Mleague, QED Innovation Labs, PeerCapital, Centre Court Capital.
Tech stack
AosBootstrapCloudflareFastlyGithub PagesGoogle Font Api
#4
Seed · Bengaluru, Karnataka · founded 2024$8.5Mraised▾
Seed · Bengaluru, Karnataka · founded 2024
Platform for developing and publishing immersive AAA games for audiences. It builds AAA titles with an initial focus on mobile games and later expands to other platforms, including consoles. It is developing E-Cricket, a next-generation sports simulation game that reimagines cricket for the digital era. Featured titles include E-Cricket, a hyper-realistic esports cricket game with multiplayer modes, AI-driven gameplay, and support for various devices.
Fliar Intelligence Index™ 69how this company ranks against its industry peers
Growth
top 20%Moat
top 27%Talent
top 28%Funding
top 38%Tech
top 42%News
top 44%Growth: Revenue +157% YoY · Fresh capital in last 24 mo
Moat: Top 12% by revenue among 48 tracked PC & Console Gaming companies · Editorial + unicorn rating 7/10 · 10 curated direct competitors tracked
Talent: 4 named leaders on record · 4 C-suite/founder profiles curated
Audience (LinkedIn): 17k LinkedIn followers
Funding rounds
- Jan 2026Seed$11M
- Apr 2024Seed$8.5M
Founders & team
Investors
Blume Venture, Gemba Capital, C² Ventures, MIXI Global Investments, Dis Ventures, Novifour
Tech stack
Apple Icloud MailGoogle AnalyticsGoogle Tag ManagerHstsNext.JsNext.Js App Router
#5
Series B · Pune, Maharashtra · founded 2010 · 181 employees$84.7Mraised▾
Series B · Pune, Maharashtra · founded 2010 · 181 employees
Provider of digital entertainment experiences across gaming, esports, music, and sports. The business delivers content and engagement opportunities for young audiences. It operates interconnected ecosystems focused on gaming, esports, entertainment, and sports. The business model includes digital platforms, products, and services.
Fliar Intelligence Index™ 60how this company ranks against its industry peers
Moat
top 25%Funding
top 27%Product
top 29%Customers
top 29%Tech
top 32%Market
top 36%Moat: Top 2% by revenue among 206 tracked Mobile Gaming companies · Editorial + unicorn rating 8/10 · IP moat: 4 patents
Funding: Raised $84.7M across 11 rounds · 11 rounds over 14 yrs (0.8/yr) · Last round Series B (Mar 2025)
Product: 12 distinct product lines · 6 published apps (15.0M installs) · Company stage: Series B
Audience (LinkedIn): 57k LinkedIn followers — 4.1% of this cohort's audience
Activity (LinkedIn): 1 awards announced in 12 mo
Funding rounds
- Mar 2025Series B$1.9M
- Mar 2024Series B$3M
- May 2023Series B$3M
- Aug 2022Series B$11.3M
Founders & team
Investors
Rising Sun Holdings, Cyza Agro And Stud Farms, Pratithi Investments, Serum Institute of India, N+1 Capital, Helitrope
Tech stack
Adobe FlashAmazon CloudfrontAmazon SesAmazon Web ServicesApache Http ServerAws Certificate Manager
#6
Public · Mumbai, Maharashtra · founded 1999 · 74 employees$127.9Mraised▾
Public · Mumbai, Maharashtra · founded 1999 · 74 employees
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.
Fliar Intelligence Index™ 69how this company ranks against its industry peers
Funding
top 22%Moat
top 22%Global
top 25%Fin. health
top 33%Market
top 34%Customers
top 37%Funding: Raised $128M across 14 rounds · 14 rounds over 21 yrs (0.7/yr) · Last round Post IPO (Jan 2025)
Moat: Top 1% by revenue among 206 tracked Mobile Gaming companies · Editorial + unicorn rating 6/10 · 9 curated direct competitors tracked
Global: Serving 60+ countries worldwide · Legal entities in 3 countries: India, Singapore, United Arab Emirates · Investors from 6 countries beyond India
Funding rounds
- Jan 2025Post IPO$60M
- Nov 2024Post IPO$100M
- Sep 2023Post IPO$12.1M
- Jul 2023Post IPO$90.7M
Founders & team
Investors
Seedfund, Azimuth Investments, Kae Capital, Mentor Capital Management, Kalysta Capital, Kamath Associates
Tech stack
A3 Lazy LoadAmazon CloudfrontAmazon S3Amazon Web ServicesAnimate.CssApache Http Server
#7
Series A · Bengaluru, Karnataka · founded 2023$700Kraised▾
Series A · Bengaluru, Karnataka · founded 2023
Developer and publisher of casual mobile games utilizing AI technology for creative speed and scalable content generation. It is a casual game developer and publisher leveraging AI technology to create engaging mobile games for a global audience. The company has a proprietary stack that enables creative speed and scalable game development, with a focus on partnerships between studios and brands.
Fliar Intelligence Index™ 48how this company ranks against its industry peers
Customers
top 18%Growth
top 28%Moat
top 36%Product
top 41%Funding
top 43%Talent
bottom 49%Customers: Play-Store rating 4.81★ across 52,333 ratings (15 apps) · Review volume +52% in 6 mo
Growth: Revenue +1802% YoY · Web rank 5,000,000 → 10,000,000 YoY · App-install growth +500% YoY
Moat: Top 23% by revenue among 206 tracked Mobile Gaming companies · Editorial + unicorn rating 5/10 · 10 curated direct competitors tracked
Audience (LinkedIn): 8k LinkedIn followers
Activity (LinkedIn): 1 partnerships (incl. Gamegeek Accelerator 2026) announced in 12 mo
Funding rounds
- Mar 2026Series A$8.1M
- Feb 2025Seed$3M
- Dec 2023Seed$700K
Founders & team
Investors
Visceral Capital, DeVC, LetsVenture, QED Innovation Labs, Skatrs Management Advisory, Serve and Volley Investment
Tech stack
Amazon CloudfrontAmazon S3Amazon Web ServicesCore-JsFacebook PixelGoogle Analytics
#8
Series B · Pune, Maharashtra · founded 2017 · 139 employees$6.8Mraised▾
Series B · Pune, Maharashtra · founded 2017 · 139 employees
Developer of multiplayer online games and a game server platform. The company develops and publishes various games across multiple platforms. It also provides a platform designed to support multiplayer game development and operations. The platform offers tools and infrastructure for game developers.
Fliar Intelligence Index™ 53how this company ranks against its industry peers
Talent
top 23%News
top 26%Funding
top 36%Customers
top 39%Moat
top 39%Product
top 40%Talent: 7 named leaders on record · 7 C-suite/founder profiles curated
News: 7 BI events in 12 mo (of 11 tracked, 2 types) · +600% YoY · 7 high-value events (IPO/M&A/funding/contracts) in 12 mo
Funding: Raised $6.8M across 3 rounds · 3 rounds over 7 yrs (0.4/yr) · Last round Series B (Aug 2025)
Audience (LinkedIn): 60k LinkedIn followers — 4.3% of this cohort's audience
Activity (LinkedIn): 1 awards announced in 12 mo
Funding rounds
- Aug 2025Series B$15M
- Feb 2025Series A—
- Mar 2023Series A—
- Aug 2021Series A$5.5M
Founders & team
Investors
Dream Incubator, AET Fund, Better Capital, Bandai Namco Entertainment 021 Fund, 1Up Ventures, BAce Capital
Tech stack
CdnjsCloudflareCore-JsGodaddyGoogle AnalyticsGoogle Font Api
#9
Seed · Bengaluru, Karnataka · founded 2024$2.8Mraised▾
Seed · Bengaluru, Karnataka · founded 2024
Developer of casual games. It is a gaming studio that uses artificial intelligence to create personalized casual puzzle game experiences. It has developed a game called Hexa Dreams, and many more.
Fliar Intelligence Index™ 16how this company ranks against its industry peers
Talent
top 38%AI
top 45%Funding
top 50%Global
bottom 45%Moat
bottom 42%Product
bottom 40%Talent: 2 named leaders on record · 2 C-suite/founder profiles curated
AI: Product described with: artificial intelligence
Funding: Raised $2.8M across 1 rounds · 1 rounds over 1 yrs (1.0/yr) · Last round Seed (Oct 2025)
Funding rounds
- Oct 2025Seed$2.8M
Founders & team
Investors
TAC, Centre Court Capital., BITKRAFT Ventures
Tech stack
FastlyGithub PagesGoogle Font ApiGoogle WorkspaceReactUnpkg
#10
Seed · Bengaluru, Karnataka · founded 2024$3.1Mraised▾
Seed · Bengaluru, Karnataka · founded 2024
Online platform offering competitive math games and puzzles for individuals to improve their mental arithmetic skills. It is a digital platform that offers a range of math-based games and puzzles designed to challenge users and improve their mental math skills. The platform allows users to compete with others and track their progress. It aims to make math a fun and engaging experience for users of all skill levels.
Fliar Intelligence Index™ 72how this company ranks against its industry peers
Growth
top 17%Customers
top 17%Talent
top 28%Funding
top 44%Global
bottom 45%Product
bottom 40%Growth: Web rank 10,000,000 → 5,000,000 YoY · App-install growth +500% YoY · Fresh capital in last 24 mo
Customers: Play-Store rating 4.70★ across 22,783 ratings (1 apps)
Talent: 3 named leaders on record · 3 C-suite/founder profiles curated
Audience (LinkedIn): 20k LinkedIn followers
Funding rounds
- Aug 2025Seed$3.1M
Founders & team
Investors
Tanglin Venture Partners, Info Edge Ventures
Tech stack
AmplitudeGoogle AnalyticsGoogle Sign-InHstsKatexOpen Graph
#11
Series B · Delhi, Delhi · founded 2014 · 148 employees$2.2Mraised▾
Series B · Delhi, Delhi · founded 2014 · 148 employees
Operator of online poker and sports prediction gaming solutions. The company delivers customizable poker experiences for diverse user preferences. It provides standalone poker room solutions for operators seeking comprehensive poker capabilities. The company also offers sports prediction solutions combining data-driven insights and scalable technology.
Fliar Intelligence Index™ 74how this company ranks against its industry peers
Talent
top 23%Moat
top 24%Fin. health
top 30%Product
top 30%Innovation
top 33%Growth
top 34%Talent: 5 named leaders on record · 5 C-suite/founder profiles curated
Moat: Top 5% by revenue among 97 tracked Gambling Tech companies · Editorial + unicorn rating 7/10 · 9 curated direct competitors tracked
Fin. health: Revenue ~$71.9M (FY2020) · Net margin 12.4% · Revenue +35% YoY
Audience (LinkedIn): 88k LinkedIn followers — 6.4% of this cohort's audience
Funding rounds
- Jul 2025Series B$231.7K
- Sep 2024Series B$202.5K
- May 2021Series A$5M
- Apr 2018Seed$2.9M
Founders & team
Investors
Psm Group, Influencer Interactive, East Eight Six Advisors, Ganatra Investment Holdings, Velo Partners, Bellerive Finance
Tech stack
Amazon CloudfrontAmazon S3Amazon Web ServicesAosApple Icloud MailGoogle Tag Manager
#12
Seed · Surat, Gujarat · founded 2016$1.8Mraised▾
Seed · Surat, Gujarat · founded 2016
Xsquads develops games for IOS, Android and Windows mobile phones. Uses Unity 3D framework for developing. Genres include action, arcade, puzzle and role playing. The portfolio includes Musical chair game multiplayer, Super flat hero, Maze militia (Lan multiplayer), box breaker and maze mania.
Fliar Intelligence Index™ 24how this company ranks against its industry peers
Growth
top 32%Innovation
top 47%Talent
bottom 49%Funding
bottom 46%Product
bottom 41%Tech
bottom 35%Growth: Revenue +43% YoY · Fresh capital in last 24 mo
Innovation: 1 product line
Talent: 1 named leader on record · 1 C-suite/founder profile curated
Audience (LinkedIn): 10k LinkedIn followers
Hiring (LinkedIn): 1 hiring post in 12 mo (public) · hiring: Game Marketing Graphic Designer
Activity (LinkedIn): 2 product launches announced in 12 mo
Funding rounds
- Aug 2025Seed$956.4K
- Nov 2024Seed$496.8K
- Mar 2024Angel$169K
- Aug 2023Angel$150.8K
Founders & team
Investors
Mleague
Tech stack
Core-JsElementorGoogle Font ApiGoogle WorkspaceHello ElementorHostinger
Funding & investor landscape
$3Btotal disclosed funding
102companies funded
243disclosed rounds
6rounds last 90 days
Most active investors
QED Innovation Labs5 rounds
Sequoia Capital5 rounds
Notable founders
Sai Garimella
Co-Founder & CEO · MPL
Shubham Malhotra
Co-Founder · MPL
Keerti Singh
Co-founder and VP-Growth · HitWicket
Harsh Garg
Co-Founder & CTO · Spill Games
Om Misra
Co-Founder & CEO · Spill Games
Karan Shroff
Co-Founder & CEO · LightFury Games
Tina Balachandran
Co-Founder & CPO · LightFury Games
Rajan Navani
Co-Founder & CEO · JetSynthesys
Nitish Mittersain
Founder & CEO · Nazara
Anurag Choudhary
Founder & CEO · Felicity Games
Christelle Dcruz
Co-Founder · SuperGaming
Roby John
Co-Founder & CEO · SuperGaming
Prism market signals · India · country-scoped Prism corpus, 5,967,478 docs
Market landscape — 10 sub-themes by coverage
Share of Mobile Gaming coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
Common questions
How many Mobile Gaming companies are there in India?
Radar tracks 624 indexable Mobile Gaming companies headquartered in India, India, that meet our profile-completeness bar.
What is the total funding raised by Mobile Gaming companies in India?
The Mobile Gaming companies in India on this list have raised a combined $3B in disclosed equity funding across 102 funded companies.
Which is the highest-funded Mobile Gaming company in India?
Dream Sports is the highest-funded Mobile Gaming company in India, with $1.5B in disclosed equity funding.
How many Mobile Gaming companies in India are funded?
102 of the 624 Mobile Gaming companies in India on this list have disclosed at least one equity funding round.
How many Mobile Gaming unicorns are there in India?
4 Mobile Gaming companies in India on this list are valued at $1B or more.
Who are the top investors in India Mobile Gaming companies?
The most active investors in India Mobile Gaming companies on this list include Kalaari Capital, Lumikai, Nazara, Krafton, IIMA Ventures.
Riya SenguptaFinancials
Riya reads income statements for fun. She covers the real money in a sector — revenue, growth, who actually earns — and never met a vague claim she didn't want a number for.