Aristocrat to invest in Indian start-ups

Australian gaming supplier Aristocrat says it is planning to invest more in Indian entrepreneurs, a move unrelated to its core gaming business, Deccan Herald reports.

“Aristocrat is a proudly innovative company and this new innovation function will be focused exclusively on technologies that sit outside Aristocrat’s core gaming business while utilising their existing local tech talent.” saud Aristocrat CFO Toni Korsanos, quoted by the news outlet.

Tania Darvell, who is helping Aristocrat operationalise its strategy, said the company is looking to partner with key players in the Indian startup ecosystem.

“The Indian ecosystem is full of opportunity, with deep technology capabilities, combined with startup founders who are well-educated and passionate to succeed,” she said.

“Aristocrat has a strong land-based casino gaming business as well as a chart-topping social casino gaming app (Heart of Vegas). Aristocrat knows how to make great game content and technology, and we believe those skills are highly transferable to other verticals such as edutech for example,” she added.

The gaming giant will initially look into healthtech and edutech, and potentially in fintech, Internet of Things (IoT), machine-learning (ML) and data analytics, she said.

Aristocrat will look o help startups scale by  providing skills ranging from deep tech developers, mathematicians, graphics artists to gamification experts, she added.

“It’s an exciting time to be entering the market, and we look forward to partnering and collaborating,” Tania said.