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India widens regulatory grip over tech firms
In 2023, India introduced a series of regulations and tweaked policies that borrowed from Europe’s antitrust approach and Chinese-style government surveillance, alarming executives and investors in the world’s most populous market. Additional regulations are on the horizon in 2024 as New Delhi continues a regulatory shift to more tightly govern the tech sector. Last year,…
Peak XV-backed gaming startup MPL cuts workforce by 50% amid taxation changes
India’s popular online gaming and fantasy sports startup Mobile Premier League is reducing its staff by approximately 50%, two people familiar with the matter said, weeks after New Delhi unveiled…
India plans to impose a significant tax on the fund that online gaming firms collect from consumers in a major blow to the fast-growing industry that was quick to label…
Google plans to run a pilot to permit daily fantasy sports apps and rummy games on Play Store in India, addressing a request from the local community that has long…
Millions of Indians each year assemble virtual sports teams, placing their hopes on the players they pick to perform exceedingly well in real-world matches. If the predictions are right, users…
Crypto giant FTX in talks to invest in Indian gaming startup MPL
India’s Mobile Premier League, or MPL, is in talks to raise capital from a number of investors including the crypto exchange FTX as the mobile gaming startup prepares to make…
Indian gaming platform Mobile Premier League valued at $945M in $95M fundraise
Mobile Premier League (MPL) has raised $95 million in a new financing round, just five months after it secured $90 million as the two-and-a-half-year-old Bangalore-based esports and gaming platform looks…