{"id":15400,"date":"2017-01-27T15:00:05","date_gmt":"2017-01-27T06:00:05","guid":{"rendered":"https:\/\/www.dreamincubator.co.jp\/?post_type=ir-news&#038;p=15400"},"modified":"2022-06-20T15:23:14","modified_gmt":"2022-06-20T06:23:14","slug":"investment-in-indias-leading-mobile-gaming-company-99games-online-private-limited-together-with-prominent-indian-investment-funds-kalaari-and-ascent","status":"publish","type":"ir-news","link":"https:\/\/www.dreamincubator.co.jp\/en\/news\/ir\/2017\/ir_15400\/","title":{"rendered":"Investment in India\u2019s Leading Mobile Gaming Company, 99Games Online Private Limited, together with Prominent Indian Investment Funds (Kalaari and Ascent)"},"content":{"rendered":"<p style=\"text-align: right;\">January 27, 2017<\/p>\n<p style=\"text-align: center;\"><strong>Investment in India\u2019s Leading Mobile Gaming Company, 99Games Online Private Limited, together with Prominent Indian Investment Funds (Kalaari and Ascent)<br \/>\n\u2014 Accelerating investment in India\u2019s digital media sector \u2014<\/strong><\/p>\n<p>&nbsp;<\/p>\n<p>Dream Incubator Inc. (\u201cDI\u201d) announced its investment in India\u2019s leading mobile gaming company<sup>*<\/sup>, 99Games Online Private Limited (\u201c99Games\u201d), jointly together with prominent Indian investment funds (Kalaari and Ascent).<\/p>\n<p>In India, in addition to rising income levels, there has been a rapid increase in smartphone penetration, improvement in communication environment, lowering of telecom rates and popularization of electronic payments and the mobile gaming market is expected to grow rapidly.<\/p>\n<p>99Games, whose US\/Europe-centric in-house title \u2018Star Chef\u2019 has garnered 10 million downloads, is the leading Indian mobile gaming company. It is undertaking game development and publishing in collaboration with Yash Raj Films Pvt. Ltd., India\u2019s leading movie company, and is a frontrunner in Indian domestic mobile gaming market creation.<\/p>\n<p>With this investment, DI intends to accelerate its investment in India\u2019s digital media sector including mobile gaming.<\/p>\n<p>* Top ranked Indian company by both revenue and number of active users in 2016 (According to Thinkgaming)<br \/>\n99Games URL: <a href=\"http:\/\/www.99games.in\/\" target=\"_blank\" rel=\"noopener\">http:\/\/www.99games.in\/<\/a><\/p>\n<p>&nbsp;<\/p>\n<p>\u25a0Joint Investors<\/p>\n<p>Kalaari Capital\u00a0\u00a0 Leading Indian middle-stage VC firm<\/p>\n<ul>\n<li>Assets under management: USD 650 million<\/li>\n<li>Investor in marquee companies like Snapdeal, Myntra, etc.<\/li>\n<\/ul>\n<p>Ascent Capital\u3000\u00a0 Leading Indian PE firm<\/p>\n<ul>\n<li>Assets under management: USD 550 million<\/li>\n<li>Key investees includes Big Basket (India\u2019s largest online grocery store), etc.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>\u25a0About Dream Incubator Inc. (<a href=\"https:\/\/www.dreamincubator.co.jp\/en\/\/en\/\" target=\"_blank\" rel=\"noopener\">http:\/\/www.dreamincubator.co.jp\/en\/<\/a>)<\/p>\n<p>Dream Incubator Inc. (TYO: 4310), \u201cthe Business Producing Company\u201d, is a strategic consulting and business development firm primarily for corporate clients and governmental institutions. Dream Incubator provides both capital and professional services to next-generation companies to support their growth and expansion, while also operating their own businesses.<\/p>\n<p>&nbsp;<\/p>\n<h4>For further information<\/h4>\n<p>Dream Incubator Inc.<br \/>\nTEL\uff1a 81-3-5532-3200<br \/>\n<a href=\"mailto:info@dreamincubator.co.jp\">info@dreamincubator.co.jp<\/a><\/p>\n","protected":false},"author":1,"template":"","class_list":["post-15400","ir-news","type-ir-news","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.dreamincubator.co.jp\/en\/wp-json\/wp\/v2\/ir-news\/15400","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.dreamincubator.co.jp\/en\/wp-json\/wp\/v2\/ir-news"}],"about":[{"href":"https:\/\/www.dreamincubator.co.jp\/en\/wp-json\/wp\/v2\/types\/ir-news"}],"author":[{"embeddable":true,"href":"https:\/\/www.dreamincubator.co.jp\/en\/wp-json\/wp\/v2\/users\/1"}],"version-history":[{"count":4,"href":"https:\/\/www.dreamincubator.co.jp\/en\/wp-json\/wp\/v2\/ir-news\/15400\/revisions"}],"predecessor-version":[{"id":18130,"href":"https:\/\/www.dreamincubator.co.jp\/en\/wp-json\/wp\/v2\/ir-news\/15400\/revisions\/18130"}],"wp:attachment":[{"href":"https:\/\/www.dreamincubator.co.jp\/en\/wp-json\/wp\/v2\/media?parent=15400"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}