Junglee Games targets $ 600 million gross revenue for this fiscal year

New Delhi, August 13 () Games company Junglee Games said on Tuesday it has achieved annual growth of up to 100% since launching in 2012 and expects revenue of $ 600 million by the end of the year. current exercise. The company also expects its global user base to grow to 40-50 million by March 2020, from 25 million currently, Junglee Games founder and CEO Ankush Gera said in a statement. “Junglee Games aims to reach $ 600 million in gross gaming revenue this fiscal year. It is the world’s fastest growing skill games platform and Junglee Rummy, the company’s flagship game, is very popular with Indian consumers because this card game is familiar and part of their childhood memories or family tradition, ”said Gera. He said most of the players who play Junglee Rummy are from the southern states of Tamil Nadu, Maharashtra, Andhra Pradesh and Karnataka. “From 2013 to 2019, we almost doubled our revenue and staff each year. The company has experienced positive exponential growth year over year due to the tremendous response and engagement we have garnered from our users, ”said Gera. The online real money gambling market in India is estimated to be around $ 300 million, and its growth rate is set at 30% per year, the statement said. “In India, online rummy has a huge share of the gaming market, followed by fantasy sports and poker respectively. A skill-based game, rummy has seen tremendous growth in its online variant in recent years,” Gera said. Founded in 2012, the company operates out of San Francisco and Delhi and has teams in San Francisco, Hong Kong, India, Vancouver, Argentina and Poland. PRS MKJ