FanClash, an Indian esports company founded in mid-2020, has raised forty million dollars in funding for Series B. According to the reports, it raised the funding from Falcon Edge and Info Edge India, Matic Networks, and Sequoia Capital India. With the funding raised, the company plans to expand its operations globally, building an interactive platform… Continue reading 2-Year-Old FanClash Raises a 40-Million-Dollar Series B Funding
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Experts’ Prediction Concerning the Gaming-Led Global Metaverse Market
The global market, which is being run through gaming, is predicted to reach $28 billion by 2028. That is a whopping growth rate of 95% from this year’s $510 million at a CAGR (compound annual growth rate). The internet and gaming industry has witnessed a massive evolution due to the pandemic, which has resulted in… Continue reading Experts’ Prediction Concerning the Gaming-Led Global Metaverse Market
MeitY Sets Up Policies to Help the Online Gaming Sector Grow
The government is building a comprehensive framework for operating online gaming platforms to regulate them without impeding their expansion. The MeitY met with almost forty gaming platforms, including Galactus Funware Technology and some All India Federation delegates, to discuss strategy. These gaming companies constitute some of the leading companies in the i-gaming sector. The Ministry… Continue reading MeitY Sets Up Policies to Help the Online Gaming Sector Grow
Xbox Fans to Have More Immersive Games from Microsoft
Microsoft recently announced that it would release new games for Xbox fans over the next twelve months. The games feature the much-anticipated titles such as Redfall, Starfield, Diablo 4, and Motorsport and unique feature titles like High on Life and Pentiment. Xbox offers gamers more ways to play these games than do PC, consoles, and… Continue reading Xbox Fans to Have More Immersive Games from Microsoft
Games24x7 Raises $75 Million in Malabar-Investment-Led Funding Round
Games24x7 is an Indian online gaming platform that offers India’s largest rummy platform, second largest fantasy platform, and other games. The company is a pioneer in the online gaming industry that, with exceptional acquisition and retention metrics, has built a highly profitable business. Additionally, Games24x7 has continuously improved on its retention metrics in more ways… Continue reading Games24x7 Raises $75 Million in Malabar-Investment-Led Funding Round
Overall Mobile Gaming Market to Surpass $222 Billion in 2022
The gaming market grows faster than any other market in the world and constitutes a large part of a country’s economy. Within the gaming market is the mobile gaming market; it represents sixty-one percent of the overall gaming market. According to a new report, the market for mobile gaming is growing 1.7% faster than the… Continue reading Overall Mobile Gaming Market to Surpass $222 Billion in 2022
Online Skill-Based Gaming Industry Makes Case Against 28% GST Slab
The industry of skill-based gaming has appealed that the goods and services tax (GST) levied be below 18%. The industry makes this case after a move was made to increase it to the highest 28% category. This increase will not only be bad for the sector but also for the government as well as the… Continue reading Online Skill-Based Gaming Industry Makes Case Against 28% GST Slab
Group of Ministers (GoM) to Suggest 28% GST on Online Gaming
GoM is a panel of state ministers set up by the government to evaluate casinos, online gaming, and racing services. The panel, led by Conrad Sangma, the chief minister of Meghalaya, met earlier this year to contemplate the valuation of casino and online gaming services. At the meeting, GoM made a move to suggest a… Continue reading Group of Ministers (GoM) to Suggest 28% GST on Online Gaming
Government Moves to Establish an Extensive Final eGaming Framework
Some foundations of the eGaming framework are expected to be out soon, and several government agencies are fully evolved. They aim to ensure much ground is covered in the final framework, thus achieving this goal that has been a long time coming. Thus, there is an inter-ministerial activity drive with secretaries of IT, finance, sports… Continue reading Government Moves to Establish an Extensive Final eGaming Framework