M&A
Glance InMobi acquires gaming firm Gambit
Lockscreen-focused unicorn Glance InMobi has acquired fellow Bengaluru-based gaming company Gambit Sports. The deal is expected to accelerate Glance's ambition of building the biggest platform for NFT-based live gaming experiences for Gen-Z players, across markets. The acquisition brings together Glance's scale and lock screen centric innovation with Gambit's expertise and understanding of the gaming ecosystem. Gambit comes with a team that has deep experience in building platforms, it was co-founded in 2015 by Yashashvi Takallapalli, Gaurav Konar, Ranaveer Sankieneni and Deepak Venkatramani, Gambit owns and operates Nostragamus (Nostra Pro). Over 100 million games have been played on the Nostragamus platform, and it has close to 10 million registered users. Glance will leverage Gambit's expertise to launch highly engaging live gaming experiences including tournaments, game shows, game streaming and multi-player games on lock screen. In the coming quarters, Glance also plans to launch NFTs in live gaming.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
