Gaming firm Games24x7 raises $75 million at $2.5 billion valuation

Skill-based gaming company Games24x7 on Wednesday said it has raised $75 million in funding led by Malabar Investment at a valuation of $2.5 billion. The startup's existing investors Tiger Global and Raine Group also participated in the funding round. Games24x7 was founded in 2006 by Trivikraman Thampy and Bhavin Pandya and claims to have over 100 million users.