While discussing at Consilience 2023, a conference for online gaming organizations held on April 24, Indian gaming organizations strongly condemned the 30% commission charged by the Google Play Store for in-application purchases.
Who said what:
It deprives Indian developers of revenue to invest in game development: While a 30% commission ... Read More
25
Apr2023
24
Mar2023
The Indian gaming environment, which flaunts over 1,100 startups and 40 crore-solid gaming networks, is flourishing more than ever. With their unique contributions, for example, NFT-based games, fantasy sports, pay-to-play games and monetary rewards, domestic firms have acquired popularity globally. North of 86 Indian firms has gotten $1.4 billion investment ... Read More
28
Feb2023
Esports is a rapidly developing industry in India, with a fan base that is supposed to reach 100 million by 2025. As the esports industry in India keeps on growing, there are a few trends that are forming the industry, including trends related to content, community, experiences, and engagement.
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While a ... Read More
06
Feb2023
With 507 million players as of today, India has reached a significant milestone for the gaming industry.
Observing Indian gaming trends, almost a quarter of the 120 million users are paying customers, earning $20 per user.
The information comes from Lumikai, the only gaming-focused venture capital fund in India, which recently unveiled ... Read More
30
Jan2023
The growth of the Indian economy has continued to be healthy despite a slowdown in the global economy. This is largely attributable to India's resilient technology industry, which is well on its way to becoming a digital economy worth a trillion dollars. Health tech, fintech, ed-tech, and agri-tech are just ... Read More
23
Jan2023
The government's decision to regulate e-sports and impose stricter due diligence requirements on online gaming companies is good news for the sunrise sector because it will likely encourage more entrants, increase investor confidence, and generate new jobs.
The Ministry of Electronics and Information Technology (MeitY) has been designated as the primary ... Read More
20
Jan2023
While the proposal of the self-regulatory organization (SRO) has taken centre stage in drafting online gaming rules, the government might consent to have multiple SROs.
Though the government is probably going to set up stringent rules and regulations for the legal responsibilities of SROs, The rules will incorporate dos and don'ts ... Read More
04
Nov2022
India's gaming market will be valued at $8.6 billion by 2027 as it tickers a CAGR of 27%, as per the report.
As per the report by Lumikai, a gaming-focused venture capital fund, the number of gamers is expected to touch 700 million by FY 2025, with a CAGR of 12%.
"Industry ... Read More
12
Oct2022
Social gaming platform WinZO said that they had reached a milestone of 100 million registered users on its platform, making it the first off-Play store app to do so. This comes four years after the local language-centered application was launched. Around 90% of the organization's user base includes users from ... Read More
28
Sep2022
"The impending 5G innovations in the nation are set to take gaming to another level in India, which as of now has more than 420 million dynamic online gamers and 500 million digitally native youngsters," said industry pioneers.
The next phase of growth for gaming in India will be driven by ... Read More