Hotline: 1800 102 2007
X
Search Business Opportunities
Nov, 16 2018

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.

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.

Comment
image
Related opportunities
  • Express Food Joints / Drive Through
    About Us: Situated along the NH 58 near Khatauli, Uttar Pradesh,..
    Locations looking for expansion Delhi
    Establishment year 1950
    Franchising Launch Date 2018
    Investment size Rs. 2 Cr. - 5 Cr
    Space required 8000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Quick Service Restaurants
    About Us: Café 2.o is café from Mumbai known for its..
    Locations looking for expansion Maharashtra
    Establishment year 2016
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • E-Commerce & Related
    MOS Utility Private Limited is offering franchise with high potential..
    Locations looking for expansion Maharashtra
    Establishment year 2009
    Franchising Launch Date 2009
    Investment size Rs. 10000 - 50 K
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Malad west Maharashtra
  • Manufacturing & Ancillary
    About Us: Laundry| Dry Cleaning| Garment| Textile processing machinery manufacturer, OEN..
    Locations looking for expansion Maharashtra
    Establishment year 2009
    Franchising Launch Date 2019
    Investment size Rs. 30lac - 50lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities