Glance acquires gaming company Gambit

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Gambit owns and operates Nostragamus (Nostra Pro) – a gaming platform with fantasy sports, poker, rummy, quizzes and hyper-casual games

Singapore-based consumer internet company Glance InMobi Pte Ltd has acquired Indian gaming company Gambit Sports Pvt Ltd. The acquisition is expected to accelerate Glance’s ambition to build the largest platform of NFT-based live gaming experiences for Gen-Z, in any market. The acquisition combines Glance’s ladder and lock screen-centric innovation with Gambit’s expertise and understanding of the gaming ecosystem. Glance Games claims to have over 45 million active users per months across Asia. Almost 70% of its users belong to the age group of 18-34 years old, while more than 40% of its players are women.

Gaming is the most exciting content category across the world today and Gen Z spends more time on gaming than any other online activity, said Piyush Shah, Co-Founder, InMobi Group, and President and COO, Glance. “Providing users with live, connected and interactive gaming experiences on the lock screen is key to Glance’s vision to create the world’s largest live internet platform. We also aim to launch creator-led NFTs for live gaming that will generate unique ‘play-to-win’ and ‘play-to-own’ opportunities for the entire gaming ecosystem,” he said. he adds.

Gambit comes with a team that has deep experience in building high engagement and monetization platforms. Co-founded in 2015 by Yashashvi Takallapalli, Gaurav Konar, Ranaveer Sankieneni and Deepak Venkatramani, Gambit owns and operates Nostragamus (Nostra Pro) – a gaming platform with fantasy sports, poker, rummy, quizzes and hyper-games. casual. Over 100 million games have been played on the Nostragamus platform, and it has nearly 10 million registered users.

Glance will leverage Gambit’s expertise to launch live gaming experiences including tournaments, game shows, streaming games and lock screen multiplayer games. Plus, it will help with multiple casual to midcore game rollouts. Over the next few quarters, Glance also plans to launch NFTs in live games. This will potentially allow creators, streamers, and developers to monetize through NFT-based game assets and creation, while giving players unique experiences they love. “We have already started to see great traction for live games on Glance. For example, over 10 million users watch live game streams on Glance every week now. With the combined strengths of Glance and Gambit and our belief that there is a game for everyone, we plan to double the number of monthly active players on Glance Games next year,” said Yashashvi Takallapalli, co-founder and CEO of Gambit.

In February 2022, Glance signed an agreement to raise $200 million in funding from Jio Platforms to accelerate its global expansion. The company has also entered into a business partnership with Jio whereby Glance’s lock screen platform will be integrated into JioPhone Next smartphones. This integration should further increase the reach of Glance Games.

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