I have been in the RMG space for a greater part of last 6 years. It’s probably the worst time to start up in an RMG space right now, with the GST rule giving the worst possible punch in the gut. If anything, it will cause the newer and younger entrants in the market to shut up or consolidate into the top 2/3 players.

Product Head

House always wins, if you have a good capital you can start

Software Engineer

Want to start a startup on my own in RMG gaming industry. Is it good idea to start?

Welcome to Indian Startups's Private Community

Is a real money gaming startup good idea to start?

Engineering Manager

Is a real money gaming startup good idea to start?- Grapevine

Welcome to News Discussion's Private Community

Planning to leave the job and start a business. Want to work on a good tech startup idea which can scale.

What is the good startup idea in India to start?

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.

Consultant

Founder

VC here: Which company would you want to start if you left FAANG?

idea chori krne ka tareeka thoda cazual hai

Senior Software Engineer

Venture Capital

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

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

I myself work for a game dev company from 5years.

After gaining experience I finally started working on creating my game,
 in the beginning it was just 2 man work.
 over time I needed to make the team bigger and within 2 months it became an ambitious project.

I now have 12 employees(most of them are my friends hence I am not having to pay a lot) 
For some of them , it's full time , and for rest it's their 2nd job.
I pay directly from my savings account.

Dunno why, I registered for Pvt Ltd on my parents name(I can't register on my name since I already work somewhere else)and soon getting it registered as a startup.

Since I am compleyely unaware of all these things,
What to avoid in the beginning?
I am about to get a CA
Also I am planning not to add employees under the name of the company for now until the game is released

Additionally,
What benifits(general/easy) can I get for being startup ?
I am also planning to sign up for AWS/GCLOUD startup program so that server cost can be reduced.

Any more info that I should be aware of?

I am registering for a startup, no pre-idea, suggestions on what to avoid , and how to get benefited?

Video Game Developer

Ideas are there. But execution is the challenge. Whatever, just share your random n genuine idea that others can work upon. Or share the idea that you scrapped.

Tell me one start up idea?

Product Manager

Welcome to Office Gossip's Private Community

worst startup to work for in india.

I am looking to switch from ecommerce to gaming industry. 
1. Need opinion if that will be a good move? 
2. Will this industry grow? 
3. Also, which are the best Indian startups to join in gaming industry?

Gaming industry - future in india

Need to see how many here are interested in the esports industry.

Esports & Gaming

There are so many startups failing all around.
Many which I thought were doing something great also have been duds. Some epic surprise failures would be dunzo, pharmeasy, etc.
It looks like there will be many more such revelations in coming days 😐😐

Please share list of some stable and good startups (Series B and beyond) which I should be targetting.

Which startup is worth joining?

Welcome to Product Managers's Private Community

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

Mpl company culture and growth

Product Owner

Welcome to Software Engineers's Private Community

I have an offer from an early stage company in crypto space and i need help in making a decision if is it worth or not. As the sector is highly under the regulatory radar so business is at risk whenever new regulations comes is as in case with the most fintech companies as well. Also do you think crypto does hold some real value and is here to stay for long?

Need advice. Is it worth joining a crypto based startup at an early stage, keeping in view that the sector is too much under the financial regulatory authorities radar and business semantics can turn overnight?

Software Developer

What the post says. Albeit my sincere condolences to those laid off! The ruling is really unfortunate for many who joined the Real Money gaming space in india but this was also inevitable. I know people who have tried to get out of the Indian RMG space because they didn’t like the ethics of it or saw it’s impending doom, with all the uncertainty around the legality.

The reason I’m for it is because it ruined the beginnings of the Indian gaming industry. Indian gaming companies only focused on learning the skills to build stronger hardcore gambling games. Some companies had the opportunity to diversify into using the money to make mistakes and learn to make great games. Maybe hire outside talent to learn better and bring the disciple of Game Design to India. But the majority have failed to do so. I hope this delivers significant pressure to the few that survive to try harder at understanding the gaming landscape and attempt to make games they themselves would play. (The majority of game teams in in Indian gaming companies, do not play / enjoy their own game - Read “Don’t eat their own dog food” cliche)

Right now, the Indian gaming ecosystem is like if Hollywood was run by product managers instead of good writers. They just study what “works” and do more of that, missing the point of artistic exploration and concepts of novelty, story-telling and fun. (That is happening in a way, given the direction of constant re-boots of old movies - lead by a very Product MBA mindset with only 2-3 orders of thinking) - incapable of deconstructing “fun” itself (even though some people claim to be able to))

A bit of a jumble of thoughts but just wanted to get that thought out.

Confession Bear : India Gov killed Real Money Gaming and I’m for it

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

Has anyone successfully started a side business besides rental arbitrage that did well while maintaining a corporate 9-5?  If so would you share what it is you did?

Successful side business?

Data Scientist

How do I start 
1. To check if it's viable
2. It's in B2C space and can be extended to B2B also ( but lots of competition in B2B but not B2C due to independent small firms)
3. I am from tech background so I can handle that but the idea need operations and few domain experts
4. I will have to leave my current job since I am working in a startup, all 6 days 10+ hours. How much run away should I be sure of, before jumping full time into it.

Suggestions! I have a startup idea

Hey guys,

I am currently struggling with my startup and it’s product launch. Having talked to most of the VCs and getting ghosted, what should I do?

I have built the product and it’s ready to be launched, have a small team but I am a solo founder. 

Applied to YC and even got referral from 2-3 YC founders, still no interview. Looking for $500k.

Let me know if anyone knows anyone ❤️

Funding for my startup

Thinking of starting a new company. Idea is to print money. Will only need funding for paper. Fully layoff proof.

Is a real money gaming startup good idea to start?

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