Play Games24x7 Private Limited
Technology · Online Gaming
Awaiting a verified source quote. No third-party quote is on record for this company yet, so there is no indicative price to show — and we would rather leave it blank than print a number we cannot stand behind. Our team can confirm the current dealable level directly.
Indicative private-market reference — not an exchange quote. Not investment advice.
- Implied valuation
- Not available
- Revenue growth
- Not disclosed
- EBITDA margin
- Not disclosed
- Prospera Score
- Not yet scored
What the market says, and what we know.
Two separate things, deliberately shown side by side: a sourced private-market price reference, and the depth of research that actually stands behind this company today.
No third-party quote has been sourced for this company yet, so there is no market reference to show. Ask us to check the current level and we will come back with what the market is actually doing.
- Research Universe — availableCatalogued as a strategically relevant private-market company.
- Basic Research — availableBusiness and ownership facts verified against primary sources — 2 sourced records on file.
- Deep Research — not availableNot started. No financials, no implied valuation and no Prospera Score exist for this company.
- Prospera Recommendation — not availableNo Prospera view has been published. Presence in the universe is not a recommendation.
Indicative Private-Market Price History
Real, dated third-party observations only — plotted where they exist, never interpolated, extended or carried forward. This is a record of private-market sightings, not a live exchange chart.
Price history not available. No dated third-party quotes have been sourced for this company yet.
The business, in plain English.
Assembled only from records that exist for this company. Anything not disclosed says so.
- Founded
- 2006
- Headquarters
- Mumbai, Maharashtra
- Sector
- Technology · Online Gaming
- Promoters
- Bhavin Pandya, Trivikraman Thampy
What it does
Games24x7 operated RummyCircle, India's largest online rummy platform, and My11Circle, a leading fantasy sports app, both historically monetized through real-money contest fees. The Promotion and Regulation of Online Gaming Act, 2025 banned all real-money online gaming in India, forcing the company to suspend those contests and pivot to free-to-play formats, after which it cut close to 500 jobs -- about 70% of its workforce.
Source: Business Standard, Games24x7 layoffs coverageWhy it matters
Previously competed with Dream11's My11Circle and Mobile Premier League in real-money gaming; all major India real-money gaming platforms have been forced into an identical free-to-play pivot by the same 2025 legislation.
Source: Not attributedOwnership structure
Backed by Tiger Global Management, Raine Group and Malabar Investments from a 2022 round that valued the company at about $2.5 billion; founders Bhavin Pandya and Trivikraman Thampy retain operating control
Promoters & principal holders: Bhavin Pandya, Trivikraman Thampy
Private-market context
Unlisted; no IPO process publicly disclosed; company has gone largely silent on strategy since its 2025 restructuring, with founders not publicly responding to press queries about its future
What to understand before investing
- Unlisted shares can be difficult to sell. There may be no continuous market and no guaranteed buyer at the price you see.
- Any price shown here is an indicative private-market reference, not an exchange quote and not an executable price.
- An expected IPO may be delayed, repriced or never happen at all.
- A good company can still be a poor investment at the wrong valuation.
Research is not yet complete for this company.
We would rather say that plainly than publish a page that looks finished.
No financials, no implied valuation and no peer comparison have been researched for this company yet.
No Prospera Private Market Score and no Prospera view exist. Being in our universe is not a recommendation, and we will not manufacture one to fill this space.
What you can rely on above is what has actually been verified: the company's identity and business facts, any sourced price observations on record, and any risks that have been documented. If you want us to prioritise deeper work here, ask — that is genuinely how the queue gets set.
What could go wrong.
Documented, per-company risks — grouped by the categories the research itself recorded. There is no risk score here, because we do not compute one.
Governance
1 recorded riskThe company has gone largely silent publicly since the ban, with founders not responding to media queries about its post-ban strategy, raising transparency concerns for a company of its former scale.
Source: SightsInPlusRegulatory
1 recorded riskThe Promotion and Regulation of Online Gaming Act, 2025 eliminated real-money rummy and fantasy sports, the source of the vast majority of the company's revenue, and the Supreme Court upheld a retrospective 28% GST demand on 27 May 2026 that adds further liability exposure across the sector.
Source: Business Standard / Business TodayWhat's happened, and why it matters.
Dated, sourced events only — recorded as they were reported, in reverse order of significance to a private-market holder.
- Other10 Sept 2025
Lays off approximately 500 employees (about 70% of staff) after real-money gaming ban
The 2025 Online Gaming Act wiped out the company's core domestic revenue model overnight, forcing an immediate and severe workforce reduction
Source: Business Standard / HR Katha
Everything traceable.
Every figure on this page comes from one of the records below. Where a source published a link, it is here.
| Field | Source | As of |
|---|---|---|
| Business Description | Business Standard, Games24x7 layoffs coverage | Not disclosed |
| Competitive Position | Not attributed | Not disclosed |
Interested in Play Games24x7 Private Limited?
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We will come back with the current dealable level, the available lot size and what the process actually involves. Indicative prices shown on this page are private-market references, not executable quotes.