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Sweden’s Stillfront Group is evaluating the potential closure of its Indian subsidiary Moonfrog Labs’ Bangladeshi operations run by Ulka Games after finding it “unviable” to conduct business in the country as the authorities arrested local officials on money laundering charges.
MPL’s fundraise, Nazara’s IPO debut portends the future of Indian gaming startups With gaming startup MPL soon set to become the next unicorn and Nazara poised to make its stock market debut, the Indian gaming sector may well be seeing the start of more important trends to come. 0 claps Share on The Indian gaming industry is at an inflection point with increasing funding activity on the back of growing international interest in a sector that's demonstrating better room of monetisation, experts say. Online gaming has seen significant activity in recent months. With people working from hom...