This is some scary level of hope

In the world of d11 and games 24x7, Mr. ashneers startup has failed miserably and proved that he is good in reels and shark tank only??

Becoz of GST many companies are pivoting or changing gaming algo to make players loose to pay GST. Game of chances are being launched 1. MPL , Launched betting games 2. Zuppee , teen patti and betting games 3. Games craft , rummy circle rigged card distribution 4. Tradex , Probo Mostly will shut down 5. Rummy apps , Better opinion , tamasha and other small companies are planning to shut down RMG part 6. Nazara acquired RMG companies are unable to operate 7. Octro is closing the RMG app. What more ? If anyone knows do share up.

Folks at Dream 11, Games24×7, Junglee, etc how's the environment in the office? Have there been any updates from the leadership regarding the direction they'd be taking? As of now, here at Gameskraft it's an elephant in the room with everybody in denial, talking about how we can still survive and no updates from leadership yet.

What will happen now?

Kya dikat hai bhai, udane do paisa. Tumhare thodi hai. Good firms genuinely perform well and return money. The ecosystem is not forgiving -- you don't survive very long if you don't create any big wins. It's an extremely high stress job with very little WLB. You do make money but it comes at a cost. Layoffs are sad but at least those jobs existed in the first place? They wouldn't without VC money. India's VC scene is extremely young and it'll take time before we produce a Google. Entrepreneurs are not always right, they are not always nice either; but they definitely are courageous.

name and shame!

Online gaming startups are among those rare breeds which were profitable . With this move, even they will be forced to do layoffs..

From what I hear from a friend who is aware of the leadership discussions, MPL might be looking to lay off close to 50% of its workforce and shut down most of its other BU’s to consolidate by October. This would include folks even till the SVP levels. This might be one of the first pins to fall with the 28% GST rule kicking in by October. Dark days ahead for online RMG industry in India

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