Ace2Three: Ace2Three earns more profit but lower revenue than Tiger Global-backed RummyCircle

At a time when most tech startups and e-commerce ventures are bleeding heavily, there is a segment where companies are making big profits-online gaming, especially rummy. Ace2Three and RummyCircle are two such companies. Ace2Three, run by Head Infotech India Pvt Ltd, earned nearly Rs 100 crore in profits (Rs 99.59 crore to be precise) for the financial year ended March 2017. That is a 61% jump from the previous year, when the company made Rs 61.7 crore in profit after tax, according to VCCEdge, the data research platform of VCCircle. Pre-tax profit was Rs 152 crore. Hyderabad-based [...]