Bengaluru-settled online gaming platform Mobile Premier League (MPL) has brought around $150 million up in its series E round at a valuation of $2.3 billion catapulting the Bengaluru-settled startup into the Unicorn club.
The most recent fundraise was driven by Legatum Capital. Existing investors including Sequoia, SIG, RTP Global, Go-Ventures, ... Read More
Tag: online gaming sector
15
Sep2021
AIGF’s mission has always been to facilitate recognition for the Online Skill Gaming Industry, which is one of the fastest-growing sectors of the Indian economy. The key objective has been to ensure best practices across the Online Gaming ecosystem through effective self-regulation for its members and other stakeholders including responsible ... Read More
September 15, 2021Neha Sharma
15
Sep2021
Indians have had a serious long-standing tryst with playing different indoor games just as enjoying real money games. Talking from a cultural and wistful viewpoint, in the Indian culture, gambling has been frequently seen as a bad habit and been marked as an unscrupulous or indecent demonstration — and as ... Read More
September 15, 2021Roland Landers
23
Aug2021
Gaming Report: Allahabad High Court Seeks Govt Response in PIL Against Online Gambling & More
by Roland Landers /
Taking an intense position against unlawful gambling, a two-judge bench of the Allahabad High Court gave notification to the Central government, the state government of UP, and operators of Chinese sites while hearing a PIL on the said subject.
The first bench of the Madras High Court had passed a ... Read More
August 23, 2021Roland Landers
23
Aug2021
It is very sensational how things have moved in the Indian Online Gaming space. Despite the chaos and dismay, we have figured out how to live within the course of the pandemic, as the sector unobtrusively still keeps moving on. Indeed, even in these tremulous times, online gaming has been ... Read More
August 23, 2021Roland Landers
23
Aug2021
For many years, people have lost various lakh rupees participating in rummy and cricket online. Even more, people are shedding cash every moment in Tamil Nadu, betting their well-deserved money on online video games. Gambling and betting isn't a new thing, Tamil Nadu has a drawn-out recorded past of such ... Read More
August 23, 2021Roland Landers
20
Aug2021
Today online gaming keeps on having become a soaring business market. It is in no way, shape, or form a little industry. By the last quarter of 2021, roughly about 2.7 billion individuals worldwide are accepted to be occupied with the portion of playing online games. This is bookkeeping very ... Read More
August 20, 2021Roland Landers
18
Aug2021
According to industry estimates, by 2020 the industry saw over 53 billion mobile gaming downloads worldwide, of which 17% came from India. By the end of 2021, it is estimated that there will be 2.9 billion online game players worldwide.
Skill-based real money gaming platform Zupee has raised $30 million ... Read More
August 18, 2021Roland Landers
17
Aug2021
AIGF Announces Appointment of PK Misra as President, Players’ Association (AIGF Advisory)
by Roland Landers /
The All India Gaming Federation (AIGF) is known to promote best global practices for its stakeholders through the self-regulation skill games charter that covers numerous aspects of the online gaming business. To reinforce its self-regulation process, AIGF announced the appointment of former senior bureaucrat PK Misra as President of the ... Read More
August 17, 2021Roland Landers
16
Aug2021
‘Online Gaming In India – The GST Conundrum’ Report Provides Clarity On The Valuation & Applicable GST Rates For The Gaming Industry
by Roland Landers /
The rise of the gaming industry in 2020 has forced each sector to explore the gaming industry with new connections like investment, sponsors, and more. In the present digital way of life, the roads for looking for diversion and entertainment have expanded complex.
Resultantly, online gaming has arisen as a ... Read More
August 16, 2021Roland Landers