REPLAY Gaming Fund

The investment entity sits under the Games2win corporate structure. Alok Kejriwal, the serial entrepreneur who co-founded the parent studio, serves as Chairman, and CFO Satish Iyer handles software compliance and strategic inquiries for the group. The firm has not named a dedicated fund manager or investment committee separate from the operating business.

All available signals point to a corporate venture structure. The fund has no independent website or LinkedIn page, uses Games2win's Mumbai headquarters as its contact address, and directs legal and alliance inquiries through Games2win group email addresses. That makes REPLAY an investment program embedded inside the parent operating company rather than a traditional limited-partner fund.

Altss research tags the firm as pursuing early-stage and startup investments within gaming. The parent studio's own activity, which focuses on casual mobile and narrative-driven titles, suggests the fund likely concentrates on pre-revenue and seed-stage game studios that can leverage Games2win's distribution infrastructure.

The firm has not disclosed a sourcing model, but the parent company openly invites game studios to explore partnerships through its website. The strategic-inquiries channel explicitly asks studios to contact Games2win if they want to understand 'how Games2win can partner with you,' which implies the fund uses the parent's brand and developer network as a proprietary origination funnel.

The firm is categorized as a direct private equity investor in Altss records, and there is no evidence of limited-partner commitments to third-party gaming funds. The parent company's operating posture — building and publishing its own titles while inviting studio partnerships — favors direct equity and strategic co-development arrangements.