India Bans Money-based Online Games, Sparking Industry Crisis
India's parliament has passed a bill banning money-based online games, threatening apps like Dream11 and MPL, with shutdowns and job losses looming.
eSports
Gross gaming revenue of fantasy sports during IPL season to reach INR 2900-3100 Cr in 2023
Transacting users during IPL season is expected to grow by 25-30% in 2023, with nearly 60-65% of users coming from Tier-2 cities and beyond.
Dangal Games partners with Gridlogic to create a world-class gaming experience
Skill-based gaming platform Dangal Games announces strategic partnership with Gurugram-based diversified technology services group Gridlogic.
Mumbai’s Dream Sports raises $400 Mn funding
Mumbai, India-based Dream Sports, the parent organisation of the eSports unicorn startup, Dream11, on Wednesday, raised $400 million funding.
MPL bags $90 Mn in Series B from SIG Global, OYO’s Ritesh Agarwal and others
Bengaluru-based fantasy sports platform Mobile Premier League (MPL), on Friday, raised $90 million in Series B round led by SIG Global & OYO.
Egypt’s Fantasy sports platform startup Eksab raises funding from 4DX Ventures
Cairo, Egypt-based Eksab, on Tuesday, raised $500,000 from 4DX Ventures, with participation from strategic investors.
Egypt’s eSports startup Anubis secures $300K seed funding
Anubis Gaming, a Cairo, Egypt-based startup on Monday (14 September 2020) has raised $300K seed funding from a regional e-commerce group.
Gamerji – Gujarat-based eSports startup raises $400K
Ahmedabad, Gujarat headquartered eSports startup Gamerji on Thursday (16 January) raised $400,000 from La Gajjar Group, an investment firm from Ahmedabad
Dubai’s W Ventures to Invest $50Mn to create an eSports Platform for MENA
The platform will be developed in collaboration with Virginia, US-based marketing agency RedPeg to boost the eSports ecosystem in the MENA region.
Eksab – Egypt-based eSports Platform Raises Seed Fund from 500 Startups
Eksab, the leading Daily Fantasy Sports (DFS) platform in MENA and the GCC, announced a six-figure seed investment from 500 Startups...