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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
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.
For the first time in its history, Mobile Premier League isn’t able to raise money, says an investment banker who tracks the gaming sector and requested anonymity. And the startup—otherwise an investor darling—has tried hard.
The reason is straightforward. The six-year-old venture, also one of the most highly valued gaming companies in India, now needs to start its story from scratch.
MPL was founded in 2018 and its core business has always been real-money gaming, where its users get a chance to win money by participating in different games. The company offers more than 60 games including cards, fantasy sports, …
A churn in venture capital collides with the fear of missing the AI wave, while the Ajay Singh-led airline’s recurring crises raise deeper questions.
The country’s top VC funds are flush with new fundraises. They must now find opportunities to invest, but that’s easier said than done.
Peak XV Partners is in a pickle. The loss of much of its senior India leadership has thrown up a familiar venture capital conundrum: how do firms reward and retain top performers in a business where a few big wins end up carrying the entire fund?
