A recent interview with Mr Ankur Singh, Founder and CEO of Witzeal Technologies a gaming company that is disturbing the online pay-to-play gaming industry in India.
Below are the insights.
How has the journey been from being bootstrapped to being profitable? How did you overcome the initial challenges?
I come from ... Read More
05
Apr2023
29
Mar2023
The gaming industry has gone through a huge shift in the past few years, from the pay-to-play model to the free-to-play model, and presently, to the ascent of Paid Competitive Gaming (PCG) as most would consider reaching $16 billion by 2024, according to a report.
"Global Paid Competitive Gaming Report 2023," ... Read More
02
Mar2023
India has emerged as one of the quickest-developing gaming markets globally. As per industry projections, India's online gaming population is anticipated to increase from 481 million players in 2022 to more than 657 million users by 2025. These days, accessibility is much easier than before because of the 4G and ... Read More
24
Aug2022
WinZO, India’s largest social gaming platform returned with season 2 of its most anticipated National Level Scholarship program – B.O.S.S (Battle of Super Scholar). With the addition of two new top B-schools IIM Bangalore and IIM Lucknow along with IIM Ahmedabad and IIM Calcutta, the second edition was even bigger ... Read More
26
Jul2022
After the two-day GST board meeting held on July 23-24 in Bengaluru, the GST Council's Group of Ministers (GoM) talked about the tax rates to be imposed on the online gaming industry, ranging from 18% to 28%.
Casinos, horse racing, lotteries, pay-to-play, and other chance-based games are being combined with online ... Read More
22
Jul2022
While doubters might still accept that the luck factor is too high in poker, the ascent in popularity of the game and the reach-back ends on the skill factor demonstrate a change in this outlook.
Think about this: A MIT report says that poker requires the ability to appropriately understand circumstances ... Read More
30
May2022
In an industry that is intensely experiencing a need to feel superior because of selfish business matters and the absence of a unified front, the central government is a welcome move, it wants to set up a high-level inter-ministerial task force to bring some order to the online gaming sector.
The ... Read More
30
May2022
Soon, 5G services will be launched, and it is set up to broadly transform the industrial and manufacturing situation in India. Ports, airports, oil and gas explorers, and makers, among others, are anticipating the rollout of 5G services as they embrace digitization.
Not only large industries in the manufacturing and infrastructure ... Read More
28
May2022
India's transition to set up an inter-ministerial board to study guidelines for skill-based online gambling has been invited as a "positive step" for the expanding industry.
The seven-member board incorporates secretaries of home affairs, income, industries and internal trade, electronics and IT, information and broadcasting, sports, and think tank Niti Aayog. ... Read More
26
May2022
Mr. Anindya Ghose is Chair Professor of Business at New York University's Leonard N. Stern School of Business, where he holds a joint appointment in the IOMS and Marketing divisions. He is the writer of TAP: Unlocking The Mobile Economy, which is a two-fold victor in the 2018 Axiom Business ... Read More