About PlaySimple
PlaySimple is a company based in Bengaluru (India) founded in 2014 by Siddhanth Jain, Suraj Nalin, and Preeti Reddy was acquired by Modern Times Group in July 2021.. PlaySimple has raised $4.5 million across 3 funding rounds from investors including Google, Modern Times Group and Chiratae Ventures. The company has 318 employees as of April 05, 2024. PlaySimple offers products and services including Word Trip, Word Jam, Daily Themed Crossword, and Word Search. PlaySimple operates in a competitive market with competitors including Lumosity, Brainwell, Makkajai, Happy Adda and Peppy Pals, among others.
- Headquarter Bengaluru, India
- Employees 318 as on 05 Apr, 2024
- Founders Siddhanth Jain, Suraj Nalin, Preeti Reddy
- Stage Minicorn
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Sectors
Media & Entertainment
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Playsimple Games Private Limited
- Date of Incorporation 24 Nov, 2014
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$194.1 M (USD)84.13as on Dec 31, 2022
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Net Profit
$38.24 M (USD)265.17as on Dec 31, 2022
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EBITDA
$50.21 M (USD)193.69as on Dec 31, 2022
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Total Equity Funding
$4.5 M (USD)
in 3 rounds
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Latest Funding Round
$4 M (USD), Series A
Nov 11, 2016
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Investors
Google
& 4 more
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Employee Count
318
as on Apr 05, 2024
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Acquired by
Modern Times Group
(Jul 02, 2021)
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Products & Services of PlaySimple
PlaySimple offers a comprehensive portfolio of products and services, including Word Trip, Word Jam, Daily Themed Crossword, and Word Search. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Vocabulary challenge game with puzzles for word enthusiasts.
Word-based game involving jams and solving activities.
Daily puzzles testing knowledge of themed crosswords.
Game for finding words in grids for casual play.
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Software Development Team
6 people
Data Analysis and Operations Team
3 people
Human Resources and Administration
3 people
Senior Team
2 people
Finance and Accounting
2 people
Leadership Team
2 people
Lead Team
2 people
Creative and Marketing Team
2 people
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Funding Insights of PlaySimple
PlaySimple has successfully raised a total of $4.5M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $4 million completed in November 2016. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series A — $4.0M
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First Round
First Round
(20 Dec 2014)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2016 | Amount | Series A - PlaySimple | Valuation | Chiratae Ventures , Elevation Capital |
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| May, 2016 | Amount | Grant - PlaySimple | Valuation |
investors |
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| Dec, 2014 | Amount | Seed - PlaySimple | Valuation | Chiratae Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in PlaySimple
PlaySimple has secured backing from 5 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Google, Modern Times Group and Chiratae Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital fund focused on seed-stage startups
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Founded Year | Domain | Location | |
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Elevation Capital is focused on early-stage tech investments in India.
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Founded Year | Domain | Location | |
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A technology company offering products and services, including search engine, cloud computing, advertising, email, productivity software, and more
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by PlaySimple
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - PlaySimple
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Playsimple Comparisons
Competitors of PlaySimple
PlaySimple operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Lumosity, Brainwell, Makkajai, Happy Adda and Peppy Pals, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Brain training games for web and apps are developed.
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| domain | founded_year | HQ Location |
Personalized brain-training games for cognitive skills are delivered via app.
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| domain | founded_year | HQ Location |
Math learning resources are provided via an online platform.
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| domain | founded_year | HQ Location |
Brain-training mobile games are developed and offered on app stores.
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| domain | founded_year | HQ Location |
Educational games for social-emotional learning are developed by indie studio.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Playsimple
Frequently Asked Questions about PlaySimple
When was PlaySimple founded?
PlaySimple was founded in 2014.
Where is PlaySimple located?
PlaySimple is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Is PlaySimple a funded company?
PlaySimple is a funded company, having raised a total of $4.5M across 3 funding rounds to date. The company's 1st funding round was a Seed of $500K, raised on Dec 20, 2014.
How many employees does PlaySimple have?
As of Apr 05, 2024, the latest employee count at PlaySimple is 318.
What is the annual revenue of PlaySimple?
Annual revenue of PlaySimple is $194.1M as on Dec 31, 2022.
What does PlaySimple do?
PlaySimple was founded in 2014 in Bengaluru, India, within the mobile gaming sector. Cognitive learning games, including word-based challenges, puzzles, and relaxing formats, are created for user engagement. Operations center on app development and distribution across platforms such as the App Store, Google Play Store, and Amazon Appstore, targeting global mobile users.
Who are the top competitors of PlaySimple?
PlaySimple's top competitors include Lumosity, Makkajai and Peppy Pals.
What products or services does PlaySimple offer?
PlaySimple offers Word Trip, Word Jam, Daily Themed Crossword, and Word Search.
Who are PlaySimple's investors?
PlaySimple has 5 investors. Key investors include Google, Modern Times Group, Chiratae Ventures, Elevation Capital, and Yezdi Lashkari.
What is PlaySimple's valuation?
The valuation of PlaySimple is $16.13M as of Nov 2016.
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