Ludo King owned by Gametion Technologies Pvt Ltd has claimed that it has clocked $20 million in revenue in 2020 with millions of downloads and users all around the world. Ludo King, being India’s first gaming app to cross 500 million downloads worldwide in December 2020 has shaken the online gaming industry upside down.
As per Vikash Jaiswal (founder of Gametion Technologies), the app has witnessed 4X growth in revenue in 2020 especially after the sudden interest of users in mobile gaming during the lockdown. The lockdown has brought tears to multiple business owner but Ludo King being an exception has not only survived but also seen significant growth in numbers as people during the pandemic were getting more inclined towards online mobile gaming.
The founder also claimed that the company is targeting 5X growth in revenue this year aiming to cross the $100 million mark with more in-app purchases and launching new features. Jaiswal said that in countries like Australia and Singapore, an average user spends $3-4 on in-app purchases while in India, the figure is minuscule which needs to grow.