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Startup Street: COVID impact on online gaming and startups outlook for 2021

Updated : December 28, 2020 19:31:19 IST

The Indian online gaming industry is growing at an exponential rate and is expected to be worth $1.1 billion by 2021.

According to a study by KPMG, gaming habits went through a drastic transformation during this period as the average age group of online gamers increased from 18-35 years to almost 18-55 years.

From 10 operators and 50 lakh users just four years ago, fantasy gaming today commands upwards of 10 crore users, spread across more than 150 players. To talk about the growth and the challenges the industry faces, CNBC-TV18's Shruti Mishra spoke to Bhavin Pandya, co-founder and CEO of Games24x7.

As we close 2020, CNBC-TV18's Mugdha Variyar caught up with Avnish Bajaj, managing director of Matrix Partners India on what the big learnings and takeaways were from this year and what to look forward to in 2021.

Watch this video for more.
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