Skills-based gaming platform Awon GameZ said on Monday that it has raised $ 2 million as part of its seedling round of family offices.
According to the company, it will use the fund to scale, expand its product portfolio, deepen its market reach and hire global talent.
Awon GameZ is a platform that allows users to play skill-based and real-money games, including fantasy cricket, rummy, and poker with the option to host an audio chat and video conference with their friends to create a personalized real-life experience. .
“Any player has a 50% chance of winning in real money games, which is much higher than any other platform. All you need are skill sets to increase your chances of winning,” said Amardeep Bajpai, founder of Awon. GameZ.
The company is also working to create an online gaming platform for children.
“The games are not just about regular games like Candy Crush; they are also about skill-based games that involve serious gamers. Now if the word ‘gamer’ conjures up images of young millennials with headphones immersed in their phone with their fingers flashing all over the screen, you’d be sorely mistaken. Today’s gamers play card and fantasy games. Both are categories that are high-investment, high-engagement genres for gamers, “said investor Aditya Duggar.
Awon GameZ also seeks to launch gamification according to user goals and preferences and will introduce an online marketplace that meets the needs of the entire gaming community.
Awon GameZ aims to reach more than 10 million users by the end of the year.
Recently, nazara Technologies also announced its entry into the skill-based gaming segment and acquired a 100% stake in the Hyderabad-based skills game company openPlay for a total consideration of ₹ 186.4 crore.
