Rein Games, an online gaming platform, has bagged INR 5 crore in a seed round from Ranjan Pai’s Manipal Education and Medical Group (MEMG) family office, Titan Capital, other individual investors, reported Inc42.
The Noida-based startup Rein Games will be using the infused financials to streamline product development, invest in acquiring more users. Additionally, the company will invest in strengthening its team across various verticals.
Vaibhav Gupta, CEO and cofounder of Rein Games, said that the company will focus on building and mastering one game at a time and innovate around that before moving onto the next game and so forth.
Rein Games was founded by Vaibhav Gupta, Himanshu Devra, Pranav Chaudhary and Nishtha Gupta in 2019. The firm Rein Games has developed Real 8 Ball Pool, which is a skill-based real money game developed on the concept of eight ball pool.
While, Gupta further added that as real-money gaming takes off in India, the company believes that the users will increasingly seek depth and value in online games, to get high-quality game experience.
Rein Games claims that it has developed an artificial intelligence-based system, which tracks money-flow over the platform and leverages it for multiple purposes; redirect benefits to fading users, increase user engagement, curb any fraudulent activity, among others.
Furthermore, as per the statistics, the number of fantasy sports operators in India have witnessed a seven-fold growth since 2016, with 70 operators in 2018.
Other online gaming platform include Nazara Technologies, SportsKeeda, Qunami, HalaPlay, Paytm First games, BalleBaazi, Games2Win, and many more.