Hit by recent taxation laws, the six-year-old startup has shifted its focus from real-money gaming to big-budget video games. But the road ahead is not all that smooth.
Subscribe to read this story
We publish over 500 original, detailed stories every year on startups, corporates, stock markets and economic current affairs.
Limited time offer $125 $99 for 1 year
The recent spate of exits at the newly independent VC firm is not a surprise. It is a reset for a fund that’s so far operated as if it is special and now has to adjust to new realities.
Since the revision in GST rates and notices demanding payment of taxes with retrospective effect, the once thriving online gaming sector has been saddled with mounting losses and competition from illegal offshore platforms.
Info Edge’s consistent efforts to figure out what went wrong at its investee company 4B Networks are a welcome change in the Indian startup ecosystem.