6 Biggest Real Money Game Companies In India

Real Money Game Companies

Real money game companies are one of the most successful ones in the current decade. Reason? You can earn money while playing it! Not just you refine your skills but also earn a good amount.

Real Money Game Companies

Hence, we will explore India’s biggest real money game companies shaping the industry. These enterprises go beyond gaming experiences, offer a blend of recreation and financial opportunity. 

Our analysis highlights the impact of six key players, showcasing their innovative platforms and market influence.

Keep reading!

6 Biggest Real Money Game Companies in India

The following table describes the top 6 real money game companies in India-

Name of the CompanyMarket ValuationUser Base
Dream11$8 billion200 million 
Games24x7$2.53 billion100 million 
MPL (Mobile Premier League)$2.3 billion90 million 
Zupee$659 million70 million
Winzo$366 million100 million
Games2win$25.1 million45 million
6 Biggest Real Money Game Companies in India

We have ranked these real money game companies as per their market valuation. The data of the user base represents the registered users.

1. Dream 11

Dream11 (Real Money Game Companies)

Claiming the top spot is our all time favorite Dream 11! It is an Indian online gaming platform that enables you to participate in fantasy sports like cricket, hockey, basketball, and kabaddi leagues. Also, it operates on a freemium business model, meaning you can play for free or for cash prizes. However, you need to deposit the registration fee to become a user.

Let’s have a brief overview of Dream11-

Name of the CompanyDream11
Type of CompanyPrivate
IndustryFantasy Sports
FoundersHarsh Jain.Bhavit Sheth
HeadquartersMumbai (Maharashtra, India)
Area ServedIndia
Market Valuation$8 billion
RevenueRs.3,841 crore
Net IncomeRs.142.8 crore
Userbase200 million
OwnersSporta TEchnologies Pvt Ltd
Number of Employees800+
Parent CompanyDream Sports
A Brief Overview of Dream11

Now coming to the brief explanation of “Fantasy Sports.” It is nothing but a type of game, where you can create a virtual team of real-life players and compete with your rivals based on the performance of selected players in actual (real) matches going on in a sports league.

Here’s how Dream11 works-

  • User registration: To become a user, you need to create an account on the Dream11 platform. Then, you have to deposit money into their wallet. You can use this money to participate in various games.
  • Game creation: You can select a game of your choice and participate in it. For this, you need to create a team of real-life players from the available pool of players. Dream 11 provides a virtual budget to purchase players for your team.
  • Entry fees: Apart from registration fees, you need to pay an entry fee to participate in a game. The amount of the entry fee determines the size of the prize pool. A percentage of this fee goes to Dream11 as its revenue and the remaining money is rewarded to the winners.
  • Gameplay: The real-life performance of the players in the user’s team determines the user’s score in the game. Users compete against each other to see who can score the highest points. Thus, it becomes important for you to track the live performance of your team players.
  • Prize distribution: Dream 11 award points to each player during the match based on their performance in a live match. The prize pool is divided among the top-scoring users, with the winner taking the largest share. The amount of money you will receive depends on your final score and points.

2. Games 24×7

Games 24x7

Games24x7, an Indian-based online gaming enterprise holds the second position. It was established in 2006 by Bhavin Pandya and Trivikraman Thampy, and is situated in Mumbai, India. Renowned for creating games such as RummyCircle and My11Circle, the company maintains offices in Mumbai, Bengaluru, New Delhi, Miami, and Philadelphia. In 2022, after a successful $75 million fundraising round, the company’s valuation reached $2.5 billion.

Let’s look at the company’s profile-

Name of the CompanyGames24x7
FormerlyPlay Games 24×7
Type of CompanyPrivate
Operating IndustryOnline Gaming
FounderBhavin Pandya,
Trivikraman Thampy
Market Valuation$2.53 billion
User Base100 million
HeadquartersMumbai (Maharashtra, India)
Area ServedIndia
Profile Overview of Games24x7

Games24x7 was born from the friendship of Bhavin Pandya and Trivikraman Thampy, who bonded over their love for online games while studying economics at New York University. 

Back in 2006, Pandya returned to India, and together with Thampy, they kicked off Games24x7, offering popular games like rummy and chess for free online. They even teamed up with HDFC to make paying for online gaming a breeze. Imagine that! They also convinced Google and Facebook to let the gaming world advertise on their platforms. In 2009, they launched RummyCircle, a hit among card game lovers.

Not stopping there, they dived into free-to-play games with Ultimate Teen Patti and Ultimate Rummy. By 2015, Ultimate Teen Patti was ruling the Google Play store. Fast forward to 2019, they unveiled My11Circle, a fantasy sports hub with cricket legend Sourav Ganguly as the face. It soared during the Indian Premier League in 2021 and later expanded to football and Kabaddi. In 2022, Games24x7 became a unicorn, worth a whopping $2.5 billion after a $75 million boost, thanks to the backing of Tiger Global in 2011.

3. Mobile Premier League (MPL)

MPL (Mobile Premier League)

Here we land at the number 3rd spot. MPL, an Indian online gaming platform headquartered in Bengaluru, was established in 2018 by Srinivas Kiran and Shubham Malhotra. At present, the company boasts a selection of 60 games spanning fantasy sports, sports games, puzzles, casual, and board games. 

MPL stands out with its fantasy cricket, football, and basketball leagues, forming partnerships with significant sports leagues like the NBA and Pro Kabaddi League.

Name of the CompanyMobile Premier League (MPL)
Type of companyPrivate
Operating IndustryFantasy Sports
Launch Year2018
FoundersSai Srinivas Kiran,Shubham Malhotra
HeadquartersBengaluru (Karnataka, India)
Market Valuation$2.3 billion
Revenue EarnedRs.499 crore
Userbase90 million
OwnersGalactus Funware Technology Pvt. Ltd
Number of Employees800
A Brief Overview of Mobile Premier League (MPL)

MPL, or Mobile Premier League, is a popular mobile gaming platform. It offers a wide variety of games, from cricket and chess to arcade and trivia games. Players can compete with others and win real money or rewards. The platform is especially known for its fantasy sports, where users create virtual teams and earn points based on real-life players’ performances. 

MPL has gained massive popularity in India and other countries, providing a fun way to play games, win prizes, and even make a little money, all from the convenience of your smartphone.

4. Zupee


Claiming the 4th spot is none other than Zupee. Yes! Zupee, established in 2018 by two Indian Institutes of Technology graduates, offers a diverse gaming experience. Users can partake in engaging competitions against each other, vying for monetary rewards, making the gaming experience not only entertaining but also rewarding. Zupee has emerged as a prominent player in the Indian gaming sector, particularly dominating the casual and board game segment with an impressive 95% market share. 

Name of the CompanyZupee
Type of CompanyPrivate
Operating IndustryOnline Gaming
FounderDilsher Singh,
Malhi Siddhant,
Market Valuation$659 million
User Base$70 million
ServicesOnline skilled based games
Zupee: Company’s Profile

The platform’s success can be attributed to its innovative approach, user-friendly interface, and commitment to providing an enjoyable gaming environment. As it continues to evolve, Zupee remains a significant contributor to the dynamic landscape of online gaming in India.

Zupee’s revenue model revolves around charging players a platform fee, recognized as a specified percentage of total gaming transactions. This fee structure serves as a significant revenue stream for the company. By emphasizing the optimization of expenses relative to revenue growth, Zupee aims to position itself favorably in the competitive online gaming market under the new tax framework.

5. Winzo


WinZO Games, also recognized as WinZO and WinZO Gold, stands at the 5th spot of real money game companies. This mobile gaming platform is specifically designed for the Indian audience. Offering accessibility in 12 regional languages, WinZO Games is managed by TicTok Skill Games Pvt. Ltd. In December 2020, the platform introduced a fresh brand awareness campaign, emphasizing and rejoicing in the modest yet fulfilling victorious moments of Bharat. The campaign’s tagline and hashtag echo the sentiment, stating, “Jeetne mein Kick hai.”

Here is a brief overview of Winzo-

Name of the CompanyWinzo
Type of CompanyPrivate
Operating Industrye-Sports Mobile Gaming
FoundersPaavan Nanda,
Saumya Singh Rathore
HeadquartersNew Delhi (India)
Market Valuation$366 million
User Base100 million
Area ServedIndia
Parent CompanyTictok Skill Games Private Limited
A Brief Overview of Winzo

Fast forward to July 2019, when the gaming sensation announced a whopping $5 million in Series A funding, led by none other than Kalaari Capital and Hike. Hold on to your seat, because by September 2020, WinZO raised a staggering $23 million in total funding, witnessing a tenfold growth over the past year.

As if that weren’t impressive enough, WinZO boasts a colossal user base of 30 million across India, and the growth journey didn’t stop there. The platform not only set up a generous $5 million fund to champion game developers in India but also introduced the Game Developers Console in January 2020. 

This console opens up a global stage for gaming studios and independent developers to launch their creations on the WinZO platform.

But the saga doesn’t end there. In March 2020, WinZO joined forces with Tencent Games India to bring PUBG Mobile e-Sports to the Indian gaming scene in local languages. 

September 2020 marked the introduction of WinZO’s Fantasy sports platform, offering users the thrill of playing fantasy cricket, football, and kabaddi. And just when you thought it couldn’t get any better, WinZO partnered with Nextwave Multimedia in November 2020, hosting the wildly popular cricket game WCC (World Cricket Championship) on its platform. Now that’s what I call a gaming journey worth celebrating!

6. Games2win


Meet Games2win, claiming the 6th spot of our real money game companies list. It is a brainchild of Alok Kejriwal and Mahesh Khambadkone, both seasoned entrepreneurs. What’s their game? Well, they’re all about casual mobile games – the fun kind! They’ve got it all, from casual gaming to mobile gaming, a virtual world (check out Chimpoo.com), social gaming, and even their own In-Game Ad Network called Invizi Ads.

Let’s  have a look at the company’s profile-

Name of the CompanyGames2Win India Pvt. Ltd.
Operating IndustryMobile Gaming
FoundersAlok Kejriwal, 
Mahesh Khambadkone
HeadquartersMumbai (Maharashtra, India)
Area Served Global
Market Valuation$25.1 million
User Base45 million
No. of Employees152-250
A Brief Overview of Games2Win

Hold on, there’s more – they’ve cooked up a social gaming and app development platform named ‘Appucino’. These guys have a treasure trove of 600 in-house games, keeping a whopping 15 million subscribers happily gaming away for 30 million minutes each month.

Now, let me tell you about the superstar – “Parking Frenzy,” an Android game by Games2Win. It scored a jaw-dropping 2.3 million downloads and rocked over 8.5 million gameplay sessions within just 10 days of hitting the scene. It even zoomed its way up to the 7th spot in the ‘Free Games’ section on the Android market. 

Note: Have you heard about the recent 28% tax on real money games in India? The most impressive fact is- various gaming companies are tackling this storm in innovative ways. To know more about it, go through the article “Plans of real money game companies in India to hit profit with the new tax regime.”


Here we came to the end of the write-up. We hope you got significant insights from this analysis. Gaming industry goes through a topsy turvy trend and these 6 real money gaming companies stand as a testament to it.

By the way, which one do you play or like the most? Don’t forget to share your experiences in the comment section below!

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Published By: Supti Nandi
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