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News on Medial
Real sports gaming platform Game Theory acquires sports analytics startup Matchday
Economic Times
·
1y ago
Medial
Real sports gaming platform Game Theory has acquired sports analytics startup Matchday.ai. The acquisition, effective from October 28, aims to enhance gameplay for sports enthusiasts at all levels by leveraging Matchday's deeptech capabilities. Game Theory offers a platform for connecting and tracking scores, health levels, and other features for various sports. Funding of $2 million was recently received by Game Theory from Rainmatter, Rohan Bopanna, WEH Ventures, and other investors. Matchday's computer vision technology and AI capabilities were the key factors in the acquisition.
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Related News
Real sports gaming platform Game Theory raises $2 million in funding from Nithin Kamath’s Rainmatter, others
Economic Times
·
1y ago
Medial
Real sports gaming platform Game Theory has secured $2 million in funding from investors including Rainmatter, a startup accelerator fund founded by Nithin Kamath's Zerodha, as well as tennis player Rohan Bopanna and other angel investors. Game Theory aims to connect players in physical sports and coordinate games, and plans to use the funds to develop its technology, establish coaching products, and expand its user base. This investment marks Rainmatter's first foray into the sports sector.
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OneVerse Acquires Calling Station And BatBall11
Inc42
·
1y ago
Medial
Metaverse and gaming tech startup OneVerse Gaming has acquired online poker platform Calling Station and fantasy sports platform BatBall11 to strengthen its presence in the gaming industry. The financial terms of the transactions have not been disclosed. These acquisitions come after OneVerse Gaming recently acquired online game development studio Spartan Poker. OneVerse Gaming plans to make further acquisitions in the real-money gaming (RMG) and casual gaming sectors and has also planned an additional investment of INR 250 crore ($31 million). The company aims to bring various gaming players together and take advantage of favorable market conditions.
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Using computer vision, Game Theory helps sports players find worthy opponents
YourStory
·
1y ago
Medial
Game Theory is a sports-tech startup that helps users find players of similar skill level and offers athletic matchmaking for badminton, swimming, and squash. It uses computer vision technology to assess players' skills on smart courts and assigns scores based on their ability to improve the game. The company recently acquired Matchday.ai, a sports analytics company, to enhance its matchmaking capabilities. Game Theory has garnered over 17,000 users across its nine locations in Bengaluru and has received $2 million in seed funding led by Rainmatter Capital. The company plans to expand its services to other racquet sports in the future.
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Real sports gaming platform Game Theory bags funding from Pullela Gopichand, two other sports biggies
Economic Times
·
1y ago
Medial
Game Theory, a sports gaming platform, has secured funding from renowned athletes such as Pullela Gopichand, Saurav Ghosal, and Sharath Kamal. The funding will primarily be used to develop the technology infrastructure for their coaching programs. The company, based in Bengaluru, helps people find skilled players to play with and coordinate games. Badminton and swimming programs have gained the most traction, and the company plans to expand city-wise across India within the next year. Game Theory aims to deliver sports education effectively through the use of technology, providing consistent feedback to parents and driving interest in sports.
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OneVerse continues acquisition trail, acquires Calling Station, Batball11
Thehindubusinessline
·
1y ago
Medial
Metaverse and gaming technology company OneVerse has acquired online poker platform Calling Station and fantasy sports platform BatBall11. The deal, the value of which was not disclosed, is part of OneVerse's strategy to solidify its position in the gaming market and become India's leading gaming entity. The company has recently acquired online game development studio Spartan Poker as well and plans to close a few more acquisitions within the next three months. This move comes at a time when real money gaming companies are struggling due to the impact of GST and economic challenges.
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KRAFTON acquires majority stake in Nautilus Mobile for Rs 118 Cr
Entrackr
·
4m ago
Medial
KRAFTON, the company behind BATTLEGROUNDS MOBILE INDIA (BGMI), has acquired a controlling stake in Pune-based game studio Nautilus Mobile for Rs 118 crore ($13.7 million). This is KRAFTON’s first full-control deal in India. Nautilus Mobile is best known for its popular mobile cricket game, Real Cricket. JetSynthesys fully acquired the studio in 2020, and KRAFTON later invested Rs 40.5 crore in 2022. With this acquisition, KRAFTON aims to boost Indian game development and expand its presence in sports gaming. JetSynthesys will remain a minority investor and continue working with Nautilus, especially in Esports. KRAFTON India CEO Sean Hyunil Sohn said this deal will help India become a global gaming hub. Nautilus Mobile CEO Anuj Mankar said the partnership will help Real Cricket grow internationally. KRAFTON has invested over $200 million in Indian startups since 2021 and continues to support local game developers. With India’s growing love for cricket and gaming, this move strengthens KRAFTON’s position in the country’s gaming ecosystem.
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Using computer vision, Game Theory helps sports players find worthy opponents
YourStory
·
1y ago
Medial
Game Theory, a sports-tech startup based in Bengaluru, helps users find players who match their skill level in badminton, swimming, and squash. The startup uses computer vision technology to measure players' skill levels on smart courts and offers a scoring system to improve the game. With over 17,000 users across nine locations in Bengaluru, Game Theory recently acquired Matchday.ai to enhance its matchmaking capabilities. The company has a revenue of Rs 50 lakh per month and plans to expand within Bengaluru before venturing into other cities.
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Harsh Jain's Dream11 enters casual real money gaming segment with Dream Play
IndianStartupNews
·
1m ago
Medial
Dream Sports, the company behind Dream11, has ventured into India's casual real-money gaming market with Dream Play, a new platform offering games like Carrom and Pool. Available on Google Play Store and App Store, Dream Play features various game modes and Mega Contests with cash prizes. This move positions Dream Play against established competitors like MPL and WinZO. Dream Sports, valued at $8 billion, reported significant revenue growth, further diversifying its offerings beyond fantasy sports.
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Stupa Sports Analytics, Infurnia secure early-stage funding
VCCircle
·
1y ago
Medial
Sports technology startup Stupa Sports Analytics has raised $3.3 million in a pre-Series A funding round led by Centre Court Capital and Peer Capital. The company plans to use the funds to expand internationally, improve its technology, and hire talent. Stupa Sports Analytics offers AI-based solutions for player performance analytics, broadcasting capabilities, and sports digitization tools. Meanwhile, architecture and design software startup Infurnia has secured $1.2 million in funding to expand its market presence and develop its products. Infurnia provides a cloud-based platform for professionals to design buildings, interiors, and modular kitchens.
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Nazara Tech to acquire stake in influencer platform Kofluence for Rs 32Cr
IndianStartupNews
·
1y ago
Medial
Mumbai-based gaming and sports media firm Nazara Technologies will acquire a 10.77% stake in Kofluence Tech Private Limited through a share swap. Kofluence is India's top influencer-led marketing tech platform with over 600,000 registered creators. The partnership aims to launch an influencer-driven game discovery platform and strengthen game marketing dynamics by leveraging the creativity of influencers. Nitish Mittersain, CEO of Nazara, believes this collaboration will enrich the gaming experience globally and benefit Nazara's game publishing initiative.
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