In a significant development for India’s startup ecosystem, Kavin Bharti Mittal, founder and CEO of Hike, announced the complete shutdown of the company. The decision comes in the wake of the Indian government’s ban on real-money gaming (RMG), a move that has disrupted business models across the gaming and digital entertainment sectors.
In a heartfelt post on LinkedIn, Mittal reflected on…
Mumbai-based Nazara Technologies, a leading player in the gaming and sports media sector, has successfully raised Rs 855 crore (about $100 million) in a funding round aimed at supporting its global expansion and acquisition strategy. This move is set to propel the company further into the competitive gaming industry, while providing the necessary resources for strategic growth and market…
BlackSoil, an endeavor obligation reserve, has contributed Rs 35 crore of development capital as adventure obligation to five new companies to be specific Orange Retail Finance, WebEngage, Habanero Foods and CASHe and a conventional pharma organization.
Orange Retail Finance is a Chennai-based, new bike financing startup. Provincial and semi-metropolitan areas of Tamil Nadu, Andhra Pradesh…
Nazara Technologies-possessed a-sports company NODWIN Gaming has acquired the gaming and adjacent IP business of OML Entertainment for a cash consideration of Rs 73 crore or $10 million.
The transaction will give partial liquidity to OML Entertainment shareholders and CA Media. Ajay Nair, MD of OML Entertainment, will join the NODWIN Gaming board as part of this transaction, said the company in a…
