One97's gaming app, PFG, launched the $1.4m fund alongside more than $40m in support for the domestic gaming and fantasy sports space.
Paytm First Games (PFG), the gaming app owned by India-based consumer and fintech group One97 Communications, has started a Rs 100m ($1.4m) corporate venturing fund, the Economic Times has reported.
The vehicle will invest in domestic game developers and studios creating content based on Indian culture and history.
PFG has also set aside approximately $42m to support the growth of the market for fantasy sports and other online gaming events during this financial year, according to DealStreetAsia.
PFG’s chief operating…
