Khelplay eyes Rs 1,000 cr revenue in two years

Mumbai: Khelplay, an online card gaming company, today said its volume stands at Rs 600 crore a year and with the launch of virtual games it may cross Rs 1,000 crore in the next two years.

“We have achieved market share of 10 per cent with 1 million people downloading our app. The current volumes of people playing card games on online platform stands at Rs 600 crore a year and we hope that with the virtual game of cricket to be launched soon, our revenues may cross Rs 1,000 crore in the next two-year period,” Khelplay director P K Jain said.

The online card playing market in India is growing at 20-25 per cent per annum. The company recently got a licence to launch poker on their platform, he said.

Khelplay is actively working on building fantasy games business in the near future. With this, Khelplay would emerge as a complete gaming company offering a wide variety of games in the industry, Jain said.

The company said earlier 75 per cent of the players used laptops and 25 per cent mobile phones. But now the ratio has exactly reversed to 75 per cent playing on mobiles and 25 per cent on laptops.