Cross-platform cloud gaming platform OnePlay $1.8 million in funds led by Baring Capital where Inflection Point Ventures, and other angel investors such as CRED’s Kunal Shah, Jupiter’s CEO Jitendra Gupta, Suraj Nalin of PlaySimple Games, and Gupshup’s CFO Amit Shrivastav, among others also participated.
OnePlay is a cloud platform that is decentralised and open source that allows users to stream games. The platform allows users to play games without the need for a gaming rig or expensive hardware. Harshit Jain, cofounder and CEO of OnePlay, stated that the startup will use a portion of the funding to scale up hardware R&D and optimise video encoding and decoding technology.
The capital will also be used by the startup to hire more people and expand its product portfolio. Jain clarified that the startup will hire both senior and mid-level employees in the coming months to scale its operations. The startup is currently in the beta stage and is working to gradually roll out its product to users and businesses alike.
While the startup is still in its early stages, it currently generates revenue through a subscription service that charges users anywhere between INR 35 and INR 300 for access to the platform.
To scale its revenues ahead of its full-fledged launch, the startup is currently focusing on a two-tier model – B2B and B2C. The startup intends to use the B2C model to onboard GPU owners who want to rent out their systems, which will then be deployed by OnePlay to streamline system traffic and offer it to users looking for such servers.
On the B2B front, Jain stated that the startup is currently in talks with many telecom operators around the world about forming a partnership in order to spruce up the vertical.
According to the startup, there are 24,000 people on its waiting list, and it is gradually expanding its services to more users. Across multiple offerings, it competes with global behemoths such as Amazon Luna and NVIDIA GeForce Now. At the same time, it competes in the space with local players such as JioGamesCloud, The Gaming Project, and Ant Play.
As per a recent report, India’s gaming market, which crossed more than $2.6 billion in revenue in 2022, is projected to touch $8.6 billion by 2027.
About Oneplay,
OnePlay is a popular gaming platform that offers an extensive library of games for players to choose from. The platform offers a wide variety of games, including new releases, classic titles, and indie games, making it an attractive option for gamers of all tastes and preferences.
OnePlay is known for its user-friendly interface, which allows gamers to browse, purchase, and download games easily. The platform also offers a subscription-based model, allowing gamers to access a vast library of games for a monthly fee, providing excellent value for money.
OnePlay also offers several exciting features, such as cloud saves, multiplayer modes, and achievements, enhancing the gaming experience for users. Additionally, the platform has a community section, allowing gamers to connect with others and share their gaming experiences.
Overall, OnePlay is an excellent option for gamers looking for a diverse selection of games, a user-friendly interface, and excellent value for money. With its many features and extensive library, it’s no surprise that OnePlay has become a go-to platform for gamers worldwide.
