BUSINESS
Ahead of T20 World Cup, Twitter brings Communities to India and rolls out live cricket scorecards
Twitter said between July 1, 2020 and July 1, 2021 more than 75 million conversations were just about cricket
BUSINESS
Over 207M Indian users watched live gaming videos on Facebook between July-Aug 2021
Gaming will play a key role in shaping the metaverse and play a key role in building the experiences around the platform, said Facebook India MD Ajit Mohan
BUSINESS
Junglee Games files petition in Karnataka HC against gambling ban
Junglee Games will be joining several real-money gaming firms MPL, Games24x7, A23(Ace2Three), and Gameskraft and skill gaming industry body All India Gaming Federation, all of whom have filed similar petitions against the Karnataka government
BUSINESS
Facebook looks to capitalise on India's gaming boom
Manish Chopra, director and head of partnerships at Facebook told Moneycontrol Facebook is “continuing to develop and grow” in the gaming space.
BUSINESS
InMobi acquires Appsumer to expand enterprise offerings for advertisers
As part of the deal, Appsumer team will join InMobi to further develop and support the analytics and automation offering under the firm's umbrella.
BUSINESS
Karnataka gambling ban: No significant impact on Delta Corp's online skill gaming business
Online skill gaming has been a key growth area for the company in recent quarters, as the company's core businesses like its casino and hospitality business was severely impacted by Covid-19 induced lockdowns.
STARTUP
Carl Pei's Nothing lands $50-million funding, announces Qualcomm partnership
Swedish House Mafia members Axel Christofer Hedfors and Sebastian Ingrosso are among the investors participating in the financing round.
BUSINESS
Video streaming platform MX Player crosses 1 billion downloads
The app had raised about $110 million financing in a round led by Tencent in October 2019 and had expanded to about 12 international markets including UAE, US, Canada, UK, Australia, New Zealand, Bangladesh, Nepal, Afghanistan, Srilanka, Maldives, and Bhutan in March 2020.
BUSINESS
ADIF moves CCI seeking interim relief from Google Play Store commission
Google Play Store commission of 30 percent in India will come into effect on March 31, 2022. Moneycontrol has learnt that the petition was filed in the CCI last week.
BUSINESS
Dream11 suspends operations in Karnataka
This move comes on heels of Dream11 cofounders Harsh Jain and Bhavit Sheth facing a FIR over the continued operations of its platform, the first such police case booked under the new law.
BUSINESS
MPL, Games24x7, AIGF approach Karnataka High Court against gambling ban
IPO
Truecaller opens with 15.4% pop on its Stockholm trading debut
Founded in 2009 by Alan Mamedi and Nami Zarringhalam, Truecaller claims to have 205.5 million monthly active users in India as of second quarter of 2021.
BUSINESS
We are now looking at larger deals as our scale is increasing: Nazara Technologies CEO
With the mobile gaming industry booming and set to more than triple in size to $6-7 billion by 2025, Nazara Technologies is looking to fuel growth through larger deals, says CEO Manish Agarwal.
BUSINESS
Expect more clarity in India's real-money gaming market in coming quarters: Nazara Tech CEO
South India is an important market for games like Rummy which has a good concentration in these states, although real money games like poker and fantasy games see equal distribution across the country.
BUSINESS
LetsVenture subsidiary Trica secures $3 million from Accel, others
Trica offers software products to facilitate equity management and transactions
BUSINESS
Nazara Technologies raises Rs 315 crore from marquee investors
The company plans to use the funds raised to invest in the company's growth initiatives as well as pursue strategic acquisitions across various business verticals.
BUSINESS
Karnataka gambling law: MPL & other gaming startups block users from playing real money games
Real-money gaming startups have started blocking access to residents in Karnataka after the state government notified the online gambling law with immediate effect on October 5.
BUSINESS
Ola picks up GeoSpoc to build next-gen location technologies
GeoSpoc cofounder Dhruva Rajan and his team will join Ola to develop technologies that will make mobility accessible, personalised, and convenient, across shared and personal vehicles.
BUSINESS
Explained: All about Facebook's biggest controversy since Cambridge Analytica
The development also comes at a time when the social networking giant is under intense scrutiny across several countries including India over the outsized reach and influence it has over people.
TRENDS
Nearly a year after launch, WhatsApp wants to tell everyone it has a payment service
WhatsApp currently has a paltry 0.01% share of the UPI payments space which is dominated by PhonePe and Google Pay.
BUSINESS
Ola Electric lands $200 million funding from Falcon Edge, SoftBank and others at $3 billion valuation
The funds raised will be used to accelerate development of other vehicle platforms including electric motorbike, mass market scooter and its electric car.
BUSINESS
Cricket, music, astrology, financial services: How Indians are using Instagram Reels
Cricket-oriented content is a key area which is seeing huge adoption on Reels, said Manish Chopra, director and head of partnerships at Facebook India.
BUSINESS
India is becoming one of the most important markets at Instagram: Adam Mosseri
Facebook has announced the next phase of its creator education programme in India that will provide creators an opportunity to learn, earn and grow their communities.
BUSINESS
Tech firms should not use encryption as excuse to hold up assistance to law enforcement: MeitY Secy
"While encryption is a welcome thing about 99.99% of the time, when it is necessary to come to the assistance of law enforcement agencies to bring perpetrators of wrongdoing to justice, then we expect that encryption will not be held up as a silly excuse to deny them" Sawhney said
