
Google launches Asian games accelerator
Google has launched an accelerator for Southeast Asia, India, and Pakistan that will focus exclusively on video games.
The accelerator, known as Indie Games, has been developed in collaboration with digital distribution service Google Play, which operates an online gaming service and related software development kit. It is an extension of the internet giant’s Launchpad program, which provides networking, mentoring, and technology development services in some 40 countries.
According to a statement, entrepreneurs will be matched with relevant professionals at Google and participate in game development boot camps at Google’s Asia Pacific headquarters in Singapore. Additional support will include Google Cloud Platform credits, the opportunity to showcase on Google Play, and access to various company industry events.
Global spending on games will increase from a projected $138 billion in 2018 to $180 billion in 2021, according to gaming industry researcher NewZoo. About $70 billion of game spending in 2018 is expected to come from the mobile segment, where revenues are set to experience 25% year-on-year growth. Console games and PC games are next biggest segments with 2018 revenues of $35 billion and $33 billion, respectively.
Google was active in this space earlier in 2018, participating in a Series D round for Chushou, a Chinese mobile game live streaming platform focused on e-sports that has claimed more than eight million unique streamers. The company has raised more than $120 million to date.
Latest News
Asian GPs slow implementation of ESG policies - survey
Asia-based private equity firms are assigning more dedicated resources to environment, social, and governance (ESG) programmes, but policy changes have slowed in the past 12 months, in part due to concerns raised internally and by LPs, according to a...
Singapore fintech start-up LXA gets $10m seed round
New Enterprise Associates (NEA) has led a USD 10m seed round for Singapore’s LXA, a financial technology start-up launched by a former Asia senior executive at The Blackstone Group.
India's InCred announces $60m round, claims unicorn status
Indian non-bank lender InCred Financial Services said it has received INR 5bn (USD 60m) at a valuation of at least USD 1bn from unnamed investors including “a global private equity fund.”
Insight leads $50m round for Australia's Roller
Insight Partners has led a USD 50m round for Australia’s Roller, a venue management software provider specializing in family fun parks.