EV firm Ather Energy's losses swell 2.5 times to reach Rs 865 cr in FY23 [details]
Hero MotoCorp-backed electric vehicle (EV) company Ather Energys losses surged more than 2.5 times in the financial year 2022-23.
Source: ibtimes.co.in
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India gets its 1st unicorn of 2023 in Zepto; valued at $1.4 billion after $200mn funding round
Ending the unicorn drought in India amid the ongoing funding winter, online grocery company Zepto on Friday announced it has raised $200 million in its Series E round, valuing the company at $1.4 billion.
Kaivalya Vohra Aadit Palicha Stepstone Group How Indus Developer Supergaming Goodwater Capital Nexus Venture Partners
Source: ibtimes.co.in
28% GST impact: Online poker platform Spartan Poker lays off 125 employees
After Mobile Premier League (MPL) and Hikes Rush Gaming, online poker platform Spartan Poker has reportedly become another victim of governments 28 per cent GST on online gaming.
Peter Abraham Sameer Rattonsey Amin Rozani Services Taxes How Indus Developer Supergaming Mobile Premier League
Source: ibtimes.co.in
Homegrown gaming platform MPL lays off 50% of workforce amid 28% GST regime
Homegrown online gaming platform Mobile Premier League (MPL) is reportedly slashing its workforce by nearly 50 per cent that will impact around 350 jobs, as the 51st GST Council meeting stayed firm on taxing online gaming at 28 per cent on gross value collected.
Federation Of Indian Fantasy Sports How Indus Developer Supergaming Mobile Premier League Sai Srinivas Times Internet Crown Capital
Source: ibtimes.co.in
Top investors urge PM Modi to reconsider 28% GST on online skill gaming [details]
An influential group of global and Indian investors like Tiger Global, DST Global, Peak XV Partners, Kalaari Capital, Matrix Partners India, and Kotak Private Equity have urged Prime Minister Narendra Modi to reconsider the decision to levy 28 per cent GST on online skill gaming.
Narendra Modi Winzo Games Private Ltd How Indus Developer Supergaming Tiger Global Kalaari Capital Matrix Partners India
Source: ibtimes.co.in
"This is India's time": How Indus-developer SuperGaming puts India on global gaming map [Interview]
Roby John, CEO and co-founder of SuperGaming, talks about the upcoming battle royale title Indus, Indias potential in the gaming space, Apples role in SuperGamings journey and more importantly, why "Apna time aagaya".
Source: ibtimes.co.in