Gamepind, a mobile gaming offering of Gamepind Entertainment Private Limited, a joint venture between Hong Kong-based AGTech Holdings Limited (AGTech) and One97 Communications, parent company of Paytm, has announced the appointment of Sudhanshu Gupta as its Chief Operating Officer. Additionally, Gamepind has also received an investment of $16 million from both One97 Communications & AGTech to expand its operations.
Launched in January 2018, Gamepind has introduced a host of social and casual games with exclusive loyalty rewards to millions of users within the Paytm app. It aims to bring a rich portfolio of games along with attractive coupons and products as rewards to mobile shoppers and casual gamers.
Sudhanshu brings over 11 years of leadership experience to Gamepind, including the launch and growth of products across e-commerce, payments and new businesses. An alumnus of MDI Gurgaon, Sudhanshu joined Paytm in 2013 as a part of the core team that developed the Paytm marketplace. Since 2016, he has been leading new initiatives and verticals incubated by the company. Going forward, Sudhanshu will oversee all the operations for the mobile gaming platform. He would help the company tap into the fast-growing mobile games market by creating a gaming experience that complements the ecosystem.
Sudhanshu Gupta, Chief Operating Officer of Gamepind Entertainment Private Limited said, “With the penetration of smartphones and mobile internet, gaming is poised to become a multi-billion-dollar opportunity in India and I feel very excited to be a part of this journey. We will invest in building a platform to offer exciting and rewarding games for our users."
GM Cheng, Director, Gamepind Entertainment Private Limited, and President of Global Market & S.E.E.D, AGTech, said, "AGTech continues to firmly believe in the vast potential of Gamepind and its ability to capture the fast growing mobile games market opportunity in India. We are pleased with Sudhanshu’s appointment as the Chief Operating Officer of Gamepind. We are confident that under his leadership, Gamepind will accelerate its growth in becoming the market leader of the Indian gaming industry. Going forward, AGTech will continue to strengthen our business in India, while seeking to continue globalizing our business in other selected overseas markets.”
One of the biggest players in the Indian gaming industry is Mumbai-based Nazara Technologies, which, recently picked up a minority stake of 27.42% in development studio CrimzonCode. Also it recently expanded to Kenya through its subsidiary NZ World Kenya Ltd (NZ World) to launch sports betting, sports fantasy, sports arcade, and a Sports Real Money Quiz, starting with FIFA 2018. Last year, the company had announced its plans to launch an IPO worth $156.5 million towards the end of FY18.