A joint venture of the Group with One97 Communications Limited continued to develop its mobile games and entertainment platform in India. Paytm First Games (formerly known as "Gamepind"), offers players a unique online experience with popular games content such as card games and fantasy sports games. The platform has grown its user base significantly and will continue to benefit from Paytm and other well selected marketing channels.
As the brand influence of the platform continues to grow, together with the addition of competitive games contents particularly in the sports category, as demonstrated by the launch of fantasy cricket and other fantasy sports products, the Group is hopeful that Paytm First Games will continue to grow its user base, paving the way to monetize this unique platform, thus capitalizing on the significant potential of the fast growing mobile games and entertainment market in India.
With an outlook in grooming the platform to become a major market player, the Group is fully committed to the development of Paytm First Games and will continue to dedicate additional resources and funding to the joint venture.