Latest news with #GauravAgarwal
Daily Tribune
04-07-2025
- Business
- Daily Tribune
India-Bahrain digital bridge
TDT | Manama India-based gamification company Gamezop has announced a USD 4 million investment to establish its Middle East headquarters in Bahrain, positioning the Kingdom as its strategic entry point into the region's fast-expanding digital economy. The move marks a significant step in strengthening digital collaboration between India and Bahrain, as Gamezop aims to transform how apps and websites across the Middle East engage users. The expansion is backed by BITKRAFT Ventures and supported by the Bahrain Economic Development Board (EDB). Strategic gateway Founded by brothers Yashash and Gaurav Agarwal in 2016, Gamezop allows apps and websites to embed casual games, quizzes, astrology, and cricket content to increase user engagement and ad revenue. With its Bahrain hub, the company plans to onboard more than 1,000 new partner platforms across the region and double its global revenue within 18 months. Gamezop's co-founder Gaurav Agarwal said the company chose Bahrain for its business-friendly policies, digital readiness, and regional accessibility. 'Our presence here marks the beginning of what we hope will become a strong digital bridge between India and the Middle East,' he said. Backing Bahrain's vision According to Musab Abdulla, Executive Director of ICT at the Bahrain EDB, the arrival of Gamezop aligns with the Kingdom's vision to become a regional creative and digital content hub. 'Bahrain's gaming and content creation ecosystem is building strong momentum, powered by robust digital infrastructure and a growing pool of creative talent,' he said. The company's model is simple but powerful: it allows digital platforms to embed games and share the ad revenue generated. With over 45 million monthly users across 70+ countries and integration into more than 9,000 platforms, Gamezop brings international experience to its MENA expansion. Digital future Bahrain's selection as Gamezop's headquarters signals growing interest from Indian tech firms in using the Kingdom as a launchpad into the Gulf. The region's high smartphone usage, young population, and surging demand for interactive digital content make it a promising market for gamification-driven growth. Gamezop's entry is expected to create local job opportunities, foster partnerships with regional platforms, and contribute to Bahrain's long-term strategy of becoming a digital innovation leader.
Biz Bahrain
04-07-2025
- Business
- Biz Bahrain
Gamezop Announces USD 4 Million into Middle East Expansion with Headquarters in Bahrain
Gamezop, one of the world's leading gamification platforms, has announced its plans for strategic expansion across the Middle East following the successful establishment of its wholly-owned subsidiary in Bahrain, which was supported by the Bahrain Economic Development Board (Bahrain EDB). The India-headquartered company plans to invest USD 4 million to accelerate operations, hire local talent, and explore acquisitions to support its growth plans. Gamezop enables apps and websites to integrate games that boost user engagement and drive revenue. Ads shown inside the games generate earnings that are shared between Gamezop and the host platforms. Founded in 2016 by Yashash and Gaurav Agarwal, Gamezop is leveraging Bahrain as a gateway to expand into the rapidly growing Middle Eastern digital landscape. The company's expansion comes in line with its global growth strategy, with additional markets in the pipeline. Gamezop aims to onboard over 1,000 new app and website partners from its Bahrain hub, as well as double its group revenue over the next 18 months. Musab Abdulla, Executive Director of ICT at the Bahrain EDB, said, 'Bahrain's gaming and content creation ecosystem is building strong momentum, powered by robust digital infrastructure, supportive government initiatives and a growing pool of ambitious, creative talent. The arrival of innovative companies like Gamezop further accelerates this growth, creating new opportunities for local developers and reinforcing Bahrain's position as a hub for creative industries in the region.' Bahrain offers Gamezop an ideal springboard into the Middle East – a region undergoing rapid digital transformation, characterised by high smartphone penetration, a young tech-savvy population, and surging demand for interactive content. With thousands of consumer-facing apps and websites actively seeking new ways to boost engagement and monetisation, MENA is a fertile market for Gamezop's offerings. Gaurav Agarwal, co-founder of Gamezop, said: 'We chose Bahrain for its strategic location, business-friendly environment, and access to the wider region. We anticipate Bahrain will continue to attract leading global companies to establish their regional hubs here, thanks to its forward-looking policies and the proactive support of the Bahrain Economic Development Board, which has been instrumental in supporting our expansion,' Agarwal noted. 'Our presence here marks the beginning of what we hope will become a strong digital bridge between India and the Middle East.' Backed by BITKRAFT Ventures – one of the world's largest video gaming venture capital firms – Gamezop is integrated into over 9,000 platforms across 70+ countries, through which it engages over 45 million users every month. With its MENA headquarters, Gamezop is poised to strengthen its regional footprint, forge new partnerships, and contribute to Bahrain's vision of becoming a leading digital innovation hub in the Middle East.
Time of India
03-07-2025
- Business
- Time of India
Gamezop enters Middle East with $4 million investment, sets up Bahrain HQ
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Indian casual gaming company Gamezop has expanded into the Middle East, setting up a regional headquarters in Bahrain and committing $4 million to grow its presence in the MENA region. The investment will support operations, local hiring, and potential acquisitions as the company looks to widen its global in 2016 by Yashash Agarwal and Gaurav Agarwal , Gamezop allows apps to offer casual games without having to manage the underlying infrastructure. Backed by BITKRAFT Ventures and based in Gurgaon, the company currently powers casual gaming in more than 9,000 apps across 70 countries through a plug-and-play integration model aimed at improving user engagement and company plans to onboard 1,000 apps in the Middle East and expects to generate $5–6 million in additional revenue over the next 18 months.'Bahrain offers a good launchpad for the wider region, with its supportive business environment and digital infrastructure,' said Gaurav Agarwal, co-founder of Gamezop. 'The Bahrain Economic Development Board has played a key role in helping us set up here. We see this move as a step toward building stronger digital ties between India and the Middle East.'The MENA region has emerged as the fastest-growing gaming market globally, with annual growth expected between 12–15%. With high smartphone usage and a young, tech-savvy population, demand for casual gaming within apps continues to rise. Gamezop sees an opportunity to meet this demand by helping apps integrate games to keep users engaged and diversify revenue.'We started with games and later added other content formats like quizzes, astrology, and cricket,' Agarwal said. 'As digital platforms look for new ways to grow, we are becoming a more regular part of their monetisation strategies.'The Bahrain Economic Development Board, the Kingdom's investment promotion agency, welcomed the company's entry.'Bahrain's gaming and content creation space is evolving quickly,' said Musab Abdulla, Executive Director of ICT at the Bahrain EDB. 'Companies like Gamezop bring in new capabilities and open up fresh opportunities for local developers, helping strengthen Bahrain's position in the region.'Gamezop's expansion highlights the increasing interest among Indian tech firms in the Middle East and reflects Bahrain's growing appeal as a base for regional operations.
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Business Standard
03-07-2025
- Business
- Business Standard
Gamezop expands to Bahrain, targets $6 million additional revenue
Digital gaming firm Gamezop is expanding into Bahrain, setting up a wholly-owned subsidiary in the country with plans to onboard around 1,000 new apps in the Middle Eastern region. The Indian parent plans to invest $4 million to ramp up operations, hire local talent, and explore inorganic growth opportunities, including acquisitions. This international push is expected to generate around $6 million in additional revenue over the next 18 months. The company said Bahrain would be its headquarters for the Middle Eastern market. 'We anticipate Bahrain will continue to attract leading global companies to establish their regional hubs here, thanks to its forward-looking policies and the proactive support of the Bahrain Economic Development Board (EDB), which has been instrumental in supporting our expansion,' said Gaurav Agarwal, co-founder, Gamezop. The company also operates verticals such as quizzing, astrology, and cricket. 'Bahrain's gaming and content creation ecosystem is building strong momentum, powered by robust digital infrastructure, supportive government initiatives, and a growing pool of ambitious, creative talent," said Musab Abdulla, Executive Director of ICT, Bahrain EDB. He added that the arrival of companies like Gamezop would create new opportunities for local developers and reinforce Bahrain's position as a hub for creative industries in the region. Gamezop was founded in 2016 by Yashash Agarwal and Gaurav Agarwal.
Time of India
23-06-2025
- Business
- Time of India
Risky Strait of Hormuz: Marine insurance costs surge
MUMBAI: Iran's parliamentary move to approve the closure of the Strait of Hormuz, an oil shipping chokepoint, has jolted global insurance markets. Already uneasy over the Red Sea disruptions, marine insurers are now bracing for a spike in war risk premiums and the possible withdrawal of war cover across the Persian Gulf. Tired of too many ads? go ad free now "The ongoing Iran-Israel-US conflict has heightened tensions in the Persian Gulf, a region already classified as a high-risk area in marine insurance," said Gaurav Agarwal, VP at Prudent Insurance Brokers. "Insurers have been charging additional war premiums for many years. With the recent escalation, including the US involvement and Iran's parliamentary approval to block the Strait of Hormuz, insurers are on high alert. We anticipate potential increase in war premiums for cargo shipments in the region. In extreme cases, insurers might withdraw war cover altogether, similar to the Black Sea area due to the Russia-Ukraine conflict. The insurers continue monitoring the situation and adjust our strategies accordingly," he said. Marine underwriters are treating the Persian Gulf with renewed caution. According to a senior official at a state-run insurer, war risk premiums for vessels entering the Gulf have surged to 0.2% of a ship's value per transit - up from 0.125% before the latest strikes, marking a 60% jump. Premiums for Israeli port calls have more than tripled to 0.7% from 0.2%, while rates for Red Sea transits have also edged up to 0.25-0.3%. "The conventional war risk cover was already suspended for cargo travelling through the Red Sea," said Bhavesh Patel, executive director at Edme Insurance Brokers. He added, "The conflict could have implications for insurance covers on airlines that may be called for evacuation." Tired of too many ads? go ad free now Markets are also seeing shorter quote validity windows - from 48 to 24 hours - reflecting heightened volatility. Insurance for a typical 'very large crude carrier' carrying oil from Saudi Arabia to China has reportedly risen from $0.25 to $0.7-0.8 per barrel overnight. Some underwriters in the global markets are rolling out "blocking and trapping" cover, aimed at vessels that could be immobilised in the event of a closure. Others are demanding proof of risk mitigation - requiring ships to avoid conflict zones - as a precondition for coverage. War risk premiums in the Gulf are projected to rise to 0.2-0.4% of insured value, with further hikes expected if tensions persist.
