Top Story

e4m_logo.png

Home >> Digital >> Article

The Mobile Gamer receives S$1 mn investment from One97

20-July-2011
Font Size   16
Share
The Mobile Gamer receives S$1 mn investment from One97

Singapore-based mobile social game creator TheMobileGamer (TMG) on Tuesday announced that it had received Series A funding of S$1 million from India’s One97 Communications.

TMG is a publisher of mobile social games like Club Wars, Monster Fight and Fun Factory for South East Asia. Distributed directly through Kotagames.com and via social networks, TMG has more than 500,000 subscriber base for its games.

TMG license and develop games that are localised and distributed through various networks and operators in South East Asia.

Commenting on the investment, Alvin Yap, CEO, TMG, said, “TMG is extremely thrilled to have One97 as an investor. The value goes beyond money as we are sure Vijay and his team can add significant knowledge and experience along with unprecedented access to the Indian market. We are excited to join the One97 family and to work together with them in becoming the market leader for mobile social games in Asia.”

One97 Communications Ltd is claimed to be India’s widest and largest deployed telecom application cloud platform. It also invests in early stage mobile companies out of its initiative One97 Mobility Fund, which is a $100 million fund set-up.

Talking about the investment, Vijay Shekhar Sharma, Chairman and Managing Director, One97 Communications Ltd, said, “Mobile social gaming is a high growth area of mobile gaming. Alvin and his team have shown their creativity and passion in launching addictive games on social platforms in South East Asia. We are very delighted to be part of the success of TMG.”
 

The production house has already established itself as the leader in the non-scripted genres. However, Rege now wants Endemol to achieve the same in the original scripted zone and film production

Naidu also talks about the ushering in of a new era of digital payments and says this is just the beginning and there’s lots of space for newer players to step in and evolve

Markus Noder, Managing Partner, Serviceplan International, shared innovative tools, ideas and methodologies to generate tangible business values

The primary reason that led to growth of OTT is the constant improvement of internet speed and service across the country: Sandeep Gupta, ACT Fibernet

India has become the diabetes capital of the world, with prevalence of the disease estimated to rise from 69.2 million to 123.5 million by 2040

Laban Stretchy Man, the new human shaped, stretchy, fruit flavoured chews from Orkla- Norway’s number one confectionery brand, has been launched and localized by MTR Foods in India