Playsimple Games Private Limited which has the Brand Name Playsimple has been registered in Bangalore under Company Registrar.. View Preeti Reddy's profile on LinkedIn, the world's largest professional community. Founded in Bangalore, India in 2014 by brothers Siddharth Jain and Siddhanth Jain, alongside fellow co-founders Preeti Reddy and Suraj Nalin, PlaySimple (WWW.PLAYSIMPLE.IN) is one of India's most exciting and fastest growing mobile gaming companies. "We're very proud of the games we've developed over the years, and of the infrastructure and scale that we've achieved with our team," the co-founders said in a joint statement late on Friday. Swedish gaming giant Modern Times Group (MTG) has acquired Indian startup PlaySimple for at least $360 million. PlaySimple has a live portfolio of nine games, including successful titles such as Daily Themed Crossword, Word Trip, Word Jam, and Word Wars with over 75 million installs and 7 million MAU. The company name has been registered with the CIN number U72900KA2014PTC077406 and with Key Directors of • Preethi Reddy Kyatham • Suraj Nalin • Siddhanth Jain • Siddharth Kumar Jain • Karthik Prabhakar and Mayank Khanduja Modern Times Group MTG AB (MTG) announced the acquisition of 100% stake in PlaySimple, a leading word games developer from India. PlaySimple, which claims its free-to-play games have amassed over 75 million installs and maintain nearly 2 million daily active users, plans to launch a number of games later this year and also expand into the card games genre. Swedish gaming giant Modern Times Group (MTG) has bought Indian startup Playsimple for $360 million, the two companies announced on Friday. They started with an emoji guessing game called GuessUp and soon expanded their word games portfolio to include games . Suraj Nalin and Preeti Reddy jointly said in a statement. (The startup, which began its journey in Bangalore, raised just $4.5 million in total from external investors.) Founded in 2014 by former Zynga executives Siddharth Jain, Preeti Reddy, and Suraj Nalin along with former WalmartLabs engineer Siddhanth Jain, PlaySimple operates multiple mobile games in the word gaming genre. PlaySimple has already a game in the marketplace; 'GuessUp' which has close to 5000 downloads. The mobile social gaming company was incepted in 2014 by Siddharth Jain, Preeti Reddy, Suraj Nalin and Siddhanth Jain. The company also has four additional new games in the pipeline to be launched in 2021, and is expanding into the card games genre. . Preeti Reddy Co-Founder. PlaySimple was founded in 2014 by brothers Siddharth Jain and Siddhanth Jain, with fellow co-founders Preeti Reddy and Suraj Nalin. $150m earn-out consideration paid in cash if certain undisclosed targets are met by PlaySimple. Preeti Reddy: PlaySimple: Co-Founder & Board Member: 000 0000: Siddhanth Jain: PlaySimple: Co-Founder & Board Member: 000 0000: Suraj Nalin: PlaySimple: Co-Founder, Chief Technology Officer & Board Member: 000 0000 PlaySimple. With over 75 million installs . Led by co-founder and CEO Siddharth Jain, Suraj Nalin and Preeti Reddy, PlaySimple is a profitable, global leader in the mobile word games genre. . PlaySimple had raised $4 million Series A at a valuation of about $16 million from Elevation Capital and Chiratae Ventures in 2016. Job Department. Suraj Nalin and Preeti Reddy — in a joint statement. All four had previously worked for game developer Zynga, and seemed to bring their learnings to their new startup. Bengaluru. Founded by former Zynga employees Suraj Nalin, Siddhanth Jain, and Preeti Reddy and former Walmart Labs employee Siddharth Jain, PlaySimple operates multiple word games including 'Daily Themed Crossword' and 'Word Wars.' Playsimple Games Private Limited is an unlisted private company incorporated on 24 November, 2014. Today, it is a leading company globally in the free-to-play gaming space, with over 75 million installs and 2 million daily active users. Swedish gaming co MTG buys PlaySimple for $360 mn. Today, it is a leading company globally in the free-to-play gaming space, with over 75 million installs and 2 million daily active users. Internship - Faceted Query Suggestions • 3 months. We're hiring! View Preeti Reddy's profile on LinkedIn, the world's largest professional community. PlaySimple develops engaging mobile games in the trivia, word, and puzzle categories. . Bangalore Urban. PlaySimple was founded in 2014 by Siddharth Jain and Siddhanth Jain - with fellow co-founders Preeti Reddy and Suraj Nalin. PlaySimple Games. The up-front consideration amounts to approximately . Founded in 2014 by former Zynga employees Siddharth Jain, Preeti Reddy, Suraj Nalin, along with former Walmart Labs engineer Siddhant Jain, PlaySimple has developed two games - GuessUp and WordTrek, which have together got 10 million downloads on Android and iOS app stores. Preeti Reddy . PlaySimple was cofounded by Siddharth Jain along with Preeti Reddy and Suraj Nalin all of who were previously employed at Zynga and had releases like Mafia Wars, Bubble Safari under their belts. PlaySimple is a rapidly growing, profitable business and one of the global leaders in the attractive mobile word games genre. Modern Times Group (MTG) has announced the acquisition of 100 per cent of PlaySimple, a mobile word games developer from India. Founded in 2014 by former Zynga employees Siddharth Jain, Preeti Reddy, Suraj Nalin, along with former Walmart Labs engineer Siddhant Jain, PlaySimple has developed two games - GuessUp and . The cash payout is planned to be finished by July 29, but the share transfer will be finalized after regulatory approvals, according to the company. Background. We're hiring! The startup was founded in 2014 by Preeti Reddy, Siddhanth Jain, Siddharth Jain and Suraj Nalin. I'm exceptionally pleased to be joining PlaySimple Games and getting to work with Siddhanth Jain, Preeti Reddy and some of the best folks out Zynga… Liked by Owen Grieve Brace yourselves for a flurry of Hiring from Black Shamrock - a Virtuos Studio in the next few weeks and months! Preeti Reddy Chairwoman, Kantar South Asia, Insights Division at Kantar Mumbai. PlaySimple, which was founded in 2014 by Siddharth Jain, Suraj Nalin, Siddhanth Jain, and Preeti Reddy, has a portfolio of nine casual games . Board Member and Advisor Profiles. 据外媒TechCrunch报道，瑞典游戏巨头ModernTimesGroup（MTG）周五表示，该公司已经以3.6亿美元收购了印度初创公司PlaySimple。MTG表示，它将以现金形式向印度游戏开发商和发行商支付77%的收购款，其余为公司股份。两家公司表示，如果达到某些未披露的业绩指标，还将有另外1.5亿美元的奖励。 Started by Siddharth Jain, Siddhanth Jain, Preeti Reddy, and Suraj Nalin, PlaySimple has built a worldwide network of chart-topping games and powerful tech & analytics infrastructure to turbocharge their growth. Based in Bangalore, India, the company is engaged in developing and publishing high-quality free-to-play mobile word games. The acquisition follows PlaySimple, an India-based developer of word games, which in 2020 increased its revenues to $83 million. PlaySimple was established in 2014 by brothers Siddharth Jain and Siddhanth Jain along with other co-founders Preeti Reddy, and Suraj Nalin. The company name has been registered with the CIN number U72900KA2014PTC077406 and with Key Directors of • Preethi Reddy Kyatham • Suraj Nalin • Siddhanth Jain • Siddharth Kumar Jain • Karthik Prabhakar and Mayank Khanduja Modern Times Group MTG AB (MTG) announced the acquisition of 100% stake in PlaySimple, a leading word games developer from India. Playsimple Games Private Limited incorporated with MCA on 24 November 2014.The Playsimple Games Private Limited is listed in the class of pvtltd company and classified as Non Govt Company.This company is registered at Registrar of Companies(ROC), Bangalore with an Authorized Share Capital of Rs.1 CR and its paid up capital is 5 LAC.. Playsimple Games Private Limited's last Annual General . July 2, 2021. According to a joint statement by the two companies, MTG would pay 77 per cent of the acquisition sum to PlaySimple in cash and the rest in stock.. PlaySimple Games has 1 board member or advisor, Karthik Prabhakar. It's authorized share capital is INR 1.07 cr and the total paid-up capital is INR 5.20 lac. See the complete profile on LinkedIn and discover Preeti's connections and jobs at similar companies. Founder PlaySimple Games, Software Engineer@WalmartLabs, Indian Institute of Technology, Bombay. Preeti Reddy Co-Founder at PlaySimple Games. Playsimple Games Private Limited which has the Brand Name Playsimple has been registered in Bangalore under Company Registrar.. Playsimple Games Private Limited has 6 appointed directors/decision makers Preethi Reddy Kyatham, Siddharth Kumar Jain, Karthik Prabhakar, Mayank Khanduja, Suraj Nalin and Siddhanth Jain. It further stated that the agreement contains $150 million in cash for extra performance-based bonuses. Founded in 2014 by brothers Siddharth Jain and Siddhanth Jain, Preeti Reddy, and Suraj Nalin, PlaySimple's games have registered over 75 Mn installs till date and 7 Mn monthly active users on . MTG acquires PlaySimple. PlaySimple co-founders and management team members Siddhanth Jain, Suraj Nalin and Preeti Reddy jointly said as they join the MTG family, they look forward to leveraging their proprietary technology across MTG's gaming portfolio. Contacts. Playsimple Games Private Limited is an unlisted private company incorporated on 24 November, 2014. Playsimple Games Private Limited's operating revenues range is INR 1 cr - 100 . Sweden-based Modern Times Group ( MTG) said on Friday it has acquired Chiratae Ventures and Elevation Capital-backed Indian word games developer PlaySimple. Software Engineer • 1 year. Check the professional list by Designation, Email Id, Mobile and Social Profile and more. Founder • 7 years. Suraj Nalin and Preeti Reddy — said in a joint statement. It is a global leader in the word gaming genre of casual games. PlaySimple. PlaySimple's revenues grew 144 per cent in 2020 to $83 million, with EBITDA of $18 million. Preeti has 7 jobs listed on their profile. Stockholm-based investment holding company with assets in esports and gaming Modern Times Group has acquired Indian word games developer PlaySimple for up to $510m, including: $360m upfront, paid 77% in cash and the rest in Class B MTG shares. Founded in 2014 by former Zynga executives Siddharth Jain, Preeti Reddy, and Suraj Nalin along with former WalmartLabs engineer Siddhanth Jain, PlaySimple operates multiple mobile games in the word gaming genre. A team of ex-Zynga developers in India have raised $4 million for their new studio PlaySimple Games. PlaySimple grew its revenues by 144 % in the 2020 calendar year to SEK 706 million ($83 million) with an adjusted Ebitda of SEK 154 million ($18 million). "We're very proud of the games we've developed over the years, and of the infrastructure and scale that we've achieved with our team," said PlaySimple co-founders and management team members — Siddhanth Jain, Suraj Nalin and Preeti Reddy — in a joint statement, "As we join the MTG family, we look forward to leveraging our . Swedish gaming giant Modern Times Group (MTG) has acquired Indian startup PlaySimple for at least $360 million, the two firms said Friday. A global leader in the free-to-play mobile word games .
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