Welcome to Indian Startups's Private Community

Bengaluru-based Gameskraft has decided to discontinue its fantasy offering, Gamezy Fantasy, from September 18

Exclusive: Amid Tax Troubles, GamesKraft Pulls The Plug On Gamezy Fantasy

Gamezy Fantasy getting shut down

Software Engineer

Gamezy Fantasy getting shut down- Grapevine

Gamezy Fantasy Business shutting down?

A real money fantasy gaming company based in navi mumbai is all set to lay off more than 70% of its workforce. The employees have already been told to start searching for jobs elsewhere. Layoffs will begin  post October. 
They will most probably put the employees on pip before termination.

Layoffs at a growing Fantasy gaming company based out of Navi Mumbai

Product Manager

Phase wise started and now entire team is being let go..

Fan clash laying off entire workforce

Product Owner

Gaming industry is fucked big time

Program Manager

They’ve been mentioned in posts here previously, this is just an official update that something was wrong

Anybody knows more of what went on there?

Tiger backed Groyyo will have to shut down its B2B/trading business

Corporate Strategist

Dream11 - 40k Cr Tax notice

Growth Manager

Post phonepe declined to acquire Zest, following ate the scenarios at Zest : 

1. 33% employees laid off
2. 33% employees were hired at Phonepe
3. 33% employees have jobs at Zest but they are thinking Zest to be a sinking ship so might move away.

ZestMoney layoff scenario

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.

RMG (Real money Gaming) companies going dead

Hoping they all close ASAP. 28% GST  is not enough. It should be higher at 50%.

Westerners used Internet and computing to design better planes and build better engines, our guys are using it to play cards.

Consultant

Founder

I've heard rumours that Dangal Games has shut down it's operations after the 28% GST, can anyone please confirm?

Welcome to Office Gossip's Private Community

There were lots of rumors going that unacademy IAS founder is selling stake. He is not selling his stake. I confirmed it.
cc: RS, GM, HS

Unacademy IAS founder is not selling stake

Software Developer

Indian Gaming scene is pure shit. 💩 
Everyone is stuck in PUBG. No proper culture as well.

Neither a proper game has been launched from India. 
 No one is interested in this industry at all?

Gaming.

Welcome to News Discussion's Private Community

After 28% GST, what’s the scene like in the offices of fantasy gaming offices?

With govt breathing down neck of all gaming RMG cos heard some big names are leaving

1. Senior leadership exits at one of the big Rummy RMG players. Silent exits expected of one entire layer because they don’t want to message that they are not doing well with all govt GST laws. Business drop by 50%

2. Mobile Premier League / MPL CEO cofounder is going to step down. The other cofounder who runs the company day2day will take over. News is that CEO has been on vacation even with all this GST action & some notices they got. laying off 50% of company & then with 20cr house think he has done enough 

RMG is most happening industry across !!!

Big News!!! exits in gaming

Heard MPL is laying off at mass. Any updates??

Mass layoff at MPL

Generalist

Third round of silent layoffs are happening at Yubi. The company is at cross roads with no real revenue being generated. Last year itself Ebidta turned negative. Cost cutting all benefits revoked. No hike given this year not even some percentage. 6 people thrown off without even a word directly asked to handover laptop. Whole organization is under confusion. Chaos and panic everywhere. What should I do now any ideas are welcome. Too much pressure that I literally not practising DSA, design as even work from office is being monitored. They even monitor timed we go out or go for restroom I guess. I dont know what to say....

Beware Yubi Go get Layoff

Wanted to know whether a person should join dream11, factors i am looking for:
1. Culture
2. Career growth - looking at the recent GST rule

Role: Strategy manager

Is dream11 worth joining?

- Kenko Health founders Aniruddha Sen and Dhiraj Goel informed employees in June about the company's financial troubles and legal action by a debt investor at the NCLT.
- The startup's website and communication channels are currently unresponsive, and its offices in Bengaluru and Mumbai have been closed.
- Kenko was close to securing a new domestic investor, but the equity dilution alarmed existing investors, hindering the deal.
- Founded in 2019, Kenko raised over $13.7 Mn and aimed to become an insurtech company but failed to secure an insurance license from IRDAI.
- The insurtech segment in India is expected to become a $307 Bn opportunity by 2030, with players like Go Digit, PB Fintech, Acko, and Paytm. 

 Source: [Inc42](https://inc42.com/buzz/kenko-health-shuts-ops-due-to-cash-crunch-failure-to-get-insurance-licence/)

Kenko Health Shuts Down Due to Cash Crunch and Licensing Issues

Journalist

There’s no way they can foot the retrospective GST tax dues to the. Government. What next for them ? Dream 11 is Ambani safe haven - will it somehow get saved. ?

Are Indian fantasy gaming and betting apps going to die?

Digital Accessibility Technologist

Five-year-old Gameskraft—which operates Rummy Culture, Gamezy, Rummy Time, among others—touched Rs 2,112 crore revenue in FY22

Gamezy Fantasy getting shut down

Discover More

Indian Startups on

by Jordon Dean

Stealth

Gamezy Fantasy Business shutting down?

Layoffs on

by Kendall Denver

Capgemini

Layoffs at a growing Fantasy gaming company based out of Navi Mumbai

Layoffs on

by Isaiah Nadeen

Swiggy

Fan clash laying off entire workforce

Indian Startups on

by Dezi Carmden

Stealth

Gaming industry is fucked big time

Indian Startups on

by Kendall Everett

Series A Startup

Tiger backed Groyyo will have to shut down its B2B/trading business

Indian Startups on

by Kendall Lee

Unicorn

Dream11 - 40k Cr Tax notice

Layoffs on

by Isaiah Carmden

Stealth

ZestMoney layoff scenario

Indian Startups on

by Kendall Carmden

Stealth

RMG (Real money Gaming) companies going dead

Layoffs on

by Coy Carmden

Junglee Games

I've heard rumours that Dangal Games has shut down it's operations after the 28% GST, can anyone please confirm?

Office Gossip on

by Kendall Carmden

Stealth

Unacademy IAS founder is not selling stake

Misc on

by Jordon Lee

Stealth

Gaming.

News Discussion on

by Dezi Gabriel

Stealth

After 28% GST, what’s the scene like in the offices of fantasy gaming offices?

Office Gossip on

by Isaiah Carmden

Early Stage Startup

Big News!!! exits in gaming

Layoffs on

by Blair Lee

Stealth

Mass layoff at MPL

Layoffs on

by Jordon Lee

Yubi

Beware Yubi Go get Layoff

Mumbai on

by Matilda Lee

Stealth

Is dream11 worth joining?

News Discussion on

by Kendall Hyrum

Grapevine

Kenko Health Shuts Down Due to Cash Crunch and Licensing Issues

Indian Startups on

by Aaron Gabriel

Flipkart

Are Indian fantasy gaming and betting apps going to die?

Office Gossip on

by Jordon Dean

InMobi

Gaming are hidden real businesses in the tech ecosystem