Onmobile Global expects close to six-fold growth in its gaming business revenue
Onmobile Global is expecting close to six-fold growth in its gaming business revenue to around Rs 500 crore in the next three years.
Ganesh Murthy, Chief Financial Officer, Onmobile Global, said, "We are expecting an expansion of game business from $12 million (around Rs 86 crore) currently to $70 million (around Rs 504 crore) over three years."
Last month, Bengaluru-based IT company had signed an agreement to buy Appland AB, Sweden-based games and kids app clubs subscription services. Appland offers premium games and kids apps as a white-labeled subscription service to over 80 carriers in more than 40 countries.
"Looking at the current data trends, the gaming industry is expected to witness an annual growth in excess of 10 per cent over the next few years and a major part of this growth is expected from mobile gaming. OnMobile has made its foray in the gaming industry with the launch of ONMO Games where the users will have an access to premium and freemium games at an affordable subscription fee," Murthy further stated.