Delivery Partner

Wasn’t it accused of tax evasion by government? Plus its entire model is on betting, the day govt says it’s illegal, it will start firing. 

Not to mention, upcoming gat slab of 28% tax on online gaming like this will hit revenue hard.

This is not a correct view ...betting and skill based  gaming are very different ...govt has laid out new rules for online real money  gaming

Founder

Maybe , maybe not but unless govt clarifies its stance in SC, staying away from such companies is best decision.  
  
 Its not my company that I should care abt it

AI Engineer

Octro and games 247, two other great companies with similar outcomes

Software Developer

Product Marketing Manager

It's more of betting and not of actual gaming

Backend Engineer

Welcome to Office Gossip's Private Community

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

Bootstrapped startup Gameskraft crossed Rs 900 Cr profit in FY22

Gaming are hidden real businesses in the tech ecosystem

Product Manager

Gaming are hidden real businesses in the tech ecosystem- Grapevine

Welcome to Product Managers's Private Community

Don't like the VC influenced unsustainable growth and hustle culture. Want to consider moving to a place with a respectful environment, no mindless, focus on growth, and a profitable business. Do share names.

Drop some names of profitable, bootstrapped startups

Welcome to Indian Startups's Private Community

VC funding based on revenue multiples and profit (😂😂😂) multiples is soon going to be obsolete. 

Common sense says company's valuation should be summation of yearly profits it can generate till the company exists... 

So if reliance has profit of 8 billion $ , market estimates that it's valuation should be around 25x multiple of its profit that is to say that if reliance keeps on generating same amount of profit for year on year, it will not exist after 25 years.

Now tell me, what shelf live does these VC funded startup have?

I honestly don't see all these tom dick and Harry mobile based and web based startups existing by end of this decade thanks to AI revolution.

People are still oblivion to what AI will do to white collar jobs 



Just out of curiosity, is there any single VC funded Indian startup in last 10-15 years which is immensely profitable ? 

Or for that matter any global giants like Amazon, Uber, Airbnb etc. which has turned profitable in Indian territory?

Future of VC funded mobile and web based startups

Software Engineer

Saw this question on a really old AskReddit thread, and it made for a very interesting read. 
Learnt that Lancome is exact the same products at Loreal but 20% more expensive.

But most of the things were US related. Got me curious what the Indian version would look like.

Looking to learn some industry secrets, TILs, and more :)

What secret from a former job can you reveal now that you no longer work there?

Energy domain - my previous company was selling their Software in the name of AI but all they were doing in the background was manual calculation and Power BI methodologies.  
 Scam 😆

Consultant

Corporate Strategist

Hey viners
Not heard a lot about gaming startups after the first 2-3 weeks of that new GST rule. How are the gaming startups like Dream11, Games24, Junglee, Zupee doing?
Has there been in shift in revenue model?

Gaming Startups post GST rule

Welcome to News Discussion's Private Community

Looks quite well built, but as of now not a lot of real use cases as apps would be missing to cater this Pricing is only 4000 USD. Anyone apple fan planning to get it ?

Apple being apple calls it spatial computing & not a VR

Associate Product Manager

I have always been into gaming and spent a good decade playing in a gaming cafe in my teen years and always had a dream to open one.

I have been thinking about it again lately and want some inputs from the community.

Is there anyone who has invested/operated in a gaming cafe? How was the experience? Do you recommend going for it? Any pros & cons to keep in mind?

Any advice/suggestions will be great.

Are Gaming Cafe Profitable?

Operations Manager

I'll go first.

1. even healthcare
2. Hike/Rush
3. Spartan Poker
4. Ultrahuman
5. Invideo

Mention the reason too if possible.
Let's discover some hidden ones. Brownie points if you mention startups that only a few have heard of.

If you know a less-known Indian startup that is doing some crazy shit (not so obvious ones), do mention.

Your turn.

What are some cool startups (Indian) you would love to work with?

As an ex-Ultrahuman employee, I can confirm that you don’t want to work there. 
  
 The culture is cut throat. I was there for an year and I got a total of 3 weekends where I didn’t touch my laptop. 
  
 Credit where its due, founders and people are amazing, it’s just that the expectations are so high that you are constantly overworked.

Marketing Associate

Let’s create a list of best startups in terms of tech and its product future possibilities.

India’s Best Startups In Terms Of Tech And Future Product Growth

Rs. 5 crore/150,000 gamers = 333 rupees per gamer 😂

Most gamers would have actually earned less than that even because their clan members apparently earned 3k USD on average. Which means 70-80% money gone to a few people and rest earning nothing in the name of web3 games.

I don't know why Nazara is a profitable company, all the games they work on are shit. Indigg is even more of a shit show destined to die.

Founders congratulating themselves (Gaming)

Generalist

What do you do outside of work? Are there any hobbies you genuinely love and don’t just do to pass the time? Do you have any secondary sources of income?

From what I have seen, most people in corporate lack ambition. They don’t have any passion, nor is there any will to do anything outside of work. While I completely agree there is nothing wrong with it, the sheer low percentage of people who are passionate about their life just astonishes me. Maybe I am expecting a lot and am wrong here. I wanted to know others’ opinions as well. What do you people think can be the reason?

Do you have any ambitions?

I actually don't want to climb any corporate ladders. I don't care about job titles and don't need any accolades. 
 I just want to have income to fund my lifestyle, not be depressed working with assholes, help other people and be around good humans. That's it.

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.

Thoughts on 28% GST for online gaming?

I’m from a esports gaming company. Spoke to my CEO regarding this today morning.  
  
 This move is completely short sighted and reinforces how bad policymakers are in our country. This might kill small companies in the short/medium term altogether.  
  
 Gaming companies based out of India that were looking to raise funding will have the hardest time doing so going forward. 28% GST + income tax on the company end. ₹100 deposited directly being reduced ₹72 in your account. The government ends up earning almost 50% from players AND the company.  
  
 I’m seeing boomers applaud this move as they want the new generation to “focus more on less time wasting activities”, but they don’t know anything about the numbers of the gaming industry outside of India. Indian esports and gaming is just at the beginning of its rise. This move sets it back in terms of investment and revenue heavily.  
  
 Luckily, we’ll have an entity setup in the UAE soon, and that entity will in a few months become the holding entity, with the Indian entity being a subsidiary. Many more companies will do this, and the government will see how this increase in taxes backfires because companies will just create holding entities outside of India :)

Product Head

Gaming industry is fucked big time

Program Manager

What, in your view, is the difference between tech startups and tech-enabled startups?

For example, in my humble opinion, Swiggy, Zomato, CRED, and PayTM are tech-enabled startups. I can name only a few Indian tech startups, such as InMobi and Ather. (There may be more, It’s just i don’t know). This also suggests that India's startup scene is dominated by tech-enabled startups. 

In contrast, Amazon may have started as a tech-enabled e-commerce company, but it is now a fully-fledged tech company. They ship software, technologies, etc. Why isn't it the case with India's tech-enabled startups?

Additionally, I would like to know how difficult it is to secure venture capital (VC) funding for tech startups.

Tech vs Tech-Enabled Startups

Data Scientist

Welcome to Gadgets & Apps's Private Community

The Chinese coming for the video gaming industry was not in my wild card

Black myth

I will start. Don't ask me to prove anything.

1. The CEO of MPL bought a ~20cr house in embassy grove, Bangalore just before laying off 50% of the MPL team this week.

2. VC funded Live streaming apps like rooter, eloelo,  are basically frauds. Get tonnes of cheap users by running ads that look like porn, the real engagement is really bad unless they do giveaways. They use VC money to show porn ads and do giveaways, brag about downloads & engagement to raise even more VC money. It's a total ponzi.

Got some secrets off your chest 🧰

A relative of mine lost INR 20 Lakhs in RummyCircle. He is above 50 years old and lives in a village.

Investor

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.

Hi guys, can someone help me understand how MPL company culture is? Should ondjoin I. Product role there?

Gaming are hidden real businesses in the tech ecosystem

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