Tencent, Alibaba and SoftBank are investing in Indian apps

Alibaba Group, Tencent Holdings Limited and SoftBank Group Corp are investing millions of dollars in Indian apps. Around 300 million players use apps such as Dream 11, Play Games 24×7, Paytm First Games and Fanfight on “fantasy cricket” and rummy card games. Industry sales are projected to reach $ 3.3 billion by 2024.

According to one report, India’s’ gaming industry has grown rapidly. The online platform has a very strong outlook, with India having the world’s largest youth population and the second largest internet. ”

E-commerce and video streaming are growing in popularity. Online gaming is considered to be a much better proposition of the business as individual transactions are immediately profitable. Because operators do not have to invest much in logistics, inventory or manufacturing of materials.

Recognized sports include rummy and fantasy sports, Mumbai-based Dream 11, advertised as the official fantasy game of the IPL and the National Basketball Association.