Indian Startups20mo
by SqueakyPickleGoogle
28% GST on online gaming. Tough times for dream11, mpl etc
Online gaming startups are among those rare breeds which were profitable . With this move, even they will be forced to do layoffs..
BubblyBagel
Are Indian fantasy gaming and betting apps going to die?
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. ?
16mo ago
SparklyWalrus
Stealth16mo
All of them are fcked
BubblyBagel
Flipkart16mo
Would they survive if they moved under Mauritius ?
SparklyWalrus
Stealth16mo
I’m sure if moving overseas was an answer they would’ve surely scrambled to it by now. I mean the GST council has been fairly firm on their decision since it was announced and I being one of the folks directly affected by this (my offer was withdrawn by Hike) I know they have known this since August. They are fucked for sure.
DerpyPancake
Stealth16mo
Honestly, at this moment seems like @ProfessionalCurser is right unless they can majorly reduce costs of operations
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Indian Startups19mo
by QuirkySushiManagement Consultant
Layoffs19mo
by QuirkyPotatoEngineering Manager
Massive layoffs coming up at MPL
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 t...
Top comments
companies like MPL should not exist in the first place. Why promote gambling?. not for any moral reasons, if someone...
That explains the LinkedIn requests I received today.
Let go of the SVP’s too. Ain’t they the most responsible ones to have taken the decisions for the company?
Indian Startups17mo
by QuirkyJellybeanGeneralist