Gaming Platform: Gambit acquired by Google-backed Glance in NFT push
- ByStartupStory | March 26, 2022
India’s Gambit has been acquired by Glance as the Google-backed firm looks to supercharge its mobile games offerings and introduce NFTs to its Gen-Z users.
The acquisition has been confirmed by Piyush Shah, co-founder of InMobi Group and COO of Glance, but has declined to share the financial terms of the deal. In a statement, he said that the acquisition will help the Jio Platforms-backed firm in order to bring live game shows and NFT-based incentivization to its users so as to enrich their gaming experience.
For Glance, which partners with phone makers to bring media, entertainment and news content to users’ lock screens on handsets, Gaming is the latest focus. The startup, last year with a presence on more than 400 million devices, piloted casual games on its platform and found immediate acceptance among users.
Glance is known to acquire small firms and significantly scale their offerings while broadening Glance’s platform, which in recent years has acquired younger firms Roposo and Shop101.
Glance is the latest major firm from India to make a push into web3, valued at about $1.7 billion.
Dream11, the fantasy sports giant, is in talks to acquire a 30% to 40% stake in NFT startup Rario for about $100 million. Sequoia Capital India-backed NFT startup FanCraze, said earlier this week it had raised $100 million in a funding round, it maintains an exclusive partnership with the ICC.
Last month, Indian game developer SuperGaming partnered with Siddharth Menon, co-founder of cryptocurrency exchange WazirX, in order to launch a web3 games marketplace called Tegro.
Follow Startup Story
Related Posts
