STARTUP
Loco launches Legends, an NFT platform for esports
The first asset on the Loco Legends platform will be NFT esports cards, which combine NFTs and free-to-play esports fantasy gaming
BUSINESS
AMC Networks launches AMC+ and Acorn TV on Amazon Prime Video Channels in India
Upcoming new originals such as psychological thriller Dark Winds, sci-fi thriller Moonhaven, horror drama anthology television series Tales of the Walking Dead, horror series Anne Rice's Interview with the Vampire, and supernatural horror series Mayfair Witches among others will also be part of the service.
STARTUP
Game dev tools startup CloudFeather Games bags $1.25 million from Lumikai, others
CloudFeather Games is building a suite of competitive formats that aims to provide developers a new way of monetisation beyond in-app purchases and ads.
STARTUP
WinZO picks up majority stake in Upskillz Games for Web3 gaming foray
WinZO will onboard Upskillz's blockchain and Web3-based offering to its content portfolio while also adding its 1.3 million captive audience base to its platform.
BUSINESS
InMobi's Glance aims to cross one billion users in 2-3 years, says CEO Naveen Tewari
Naveen Tewari also said the company plans to expand its creator-led live commerce platform Roposo and its gaming platform globally.
BUSINESS
Mark Zuckerberg offers a glimpse of next-gen VR display prototypes
These early stage prototypes - codenamed Butterscotch, Starburst, Holocake and Mirror Lake - are part of the company's research by the Display Systems Research (DSR) team at Reality Labs Research unit to improve various key elements of virtual reality.
STARTUP
FanClash secures $40 million from Alpha Wave, Sequoia, Info Edge, Polygon
FanClash aims to bring fantasy sports format to the esports segment, allowing users to build fantasy teams of professional gamers
BUSINESS
Disney+ Hotstar could lose 15 million subscribers after failing to win IPL digital rights
Disney Star said that it will focus on growing its slate of original entertainment content for Disney+ Hotstar and its television channels in the region, apart from exploring other multiplatform cricket rights.
STARTUP
Pepper Content raises $14 million for US expansion
Pepper Content helps companies create content through its talent marketplace network of freelance creators
STARTUP
Indian skill gaming startups seek a self-regulatory central policy framework
Skill-based real money gaming, which accounts for a significant chunk of the industry's revenues, has been in the crosshairs of several state governments
TECHNOLOGY
Winzo files a lawsuit against MPL over alleged copyright infringement
WinZo claims that MPL has copied the format of its game format 'World War' with an identical name.
STARTUP
Clubhouse witnesses two senior management exits
Aarthi Ramamurthy was leading Clubhouse's international product efforts while Anu Atluru was the company's first community head
BUSINESS
Eloelo bags $13 million funding co-led by Korea's KB Investments, Kalaari Capital
Eloelo lets users play free games such as Quiz, Tambola, Antakshari, Lucky 7, Card games, and Spin the Wheel among others with their favorite hosts via livestreams
BUSINESS
Slack looks to drive product adoption in India with expanded presence
India is one of the largest free user bases for Slack and also among its top 10 markets for paid teams across the world
STARTUP
Exclusive | Mobile Premier League to lay off 100 employees, exits Indonesia market
Mobile gaming segment was one of the big beneficiaries of the COVID-19 pandemic that forced people to stay indoors. which resulted in a massive surge in mobile game downloads and user engagement.
BUSINESS
Manish Maheshwari resigns as CEO and Director of Invact Metaversity
Former Twitter India head Manish Maheshwari developed differences with Co-founder Tanay Pratap as startup struggled to launch.
BUSINESS
Meta rolls out redesigned privacy policy; Indian users can choose not to accept
The new policy is expected to come into effect from July 26, 2022 and covers Facebook, Instagram, Messenger and other Meta products
BUSINESS
Instagram debuts exclusive music tracks for Reels amid a push for original content
Instagram said it will offer music from 200 artists across India which people can use on its Reels and Stories feature
BUSINESS
Music NFT marketplace FanTiger bags $5.5 million from Multicoin Capital, Krafton, others
FanTiger aims to enable independent artists to build fan communities by allowing them to create, buy, and sell digital collectibles on the platform
BUSINESS
Esports fan engagement startup Stan lands $2.5 million from General Catalyst, others
Stan has built a platform that allows esports fans to collect, play and trade digital collectibles such as NFTs of their favorite esports players and content creators
STARTUP
Livestreaming commerce firm Firework bags $150 million funding led by SoftBank Vision Fund 2
This investment will trigger accelerated growth across markets and particularly India, says Firework chief revenue officer Jeff Lucas
BUSINESS
Meta extends 3D avatars to Instagram in India amid metaverse push
Users in India can now appear as their virtual self through stickers, feed posts, and Facebook profile pictures across Meta's family of apps
STARTUP
Laminar bags $5.1 million funding to help media firms build streaming services
Laminar CEO Narendra Nag said this investment will enable them to scale their business and expand their global footprint.
BUSINESS
WhatsApp aims to attract more businesses with new cloud API and premium features
Mark Zuckerberg said that more than 1 billion users connect with a business account across its messaging services on a weekly basis.
