Payments unicorn Paytm’s gaming platform recently announced that it has raised $5.4mn in fresh capital from AGTech Media Private Limited.
The recent fund infusion comes at a time when online gaming industry witnessed a spike in demand and user data base amid lockdown.
According to company filing submitted to the Ministry of Corporate Affairs, the company has approved, allotted and issued 4.2mn equity shares worth $5.4 Mn to AGTech Media Private Limited in the beginning of the April month.
Earlier in March, the company had received $6.6mn from its parent’s another subsidiary Paytm Entertainment.
The company had launched the gaming platform in February 2018 along with AGTech as Gamepind. Later in June 2019, the platform was rebranded as Paytm First Games and added the service under its paid subscription plan.
