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Battlegrounds Mobile India ban could be in tow as Lok Sabha MP raises security issues

  Battlegrounds Mobile India is currently the most anticipated game right now and each day we see a number of details that hint at its launch. However, the battle royale has also attracted some negative limelight (courtesy of its connection with the now-banned PUBG Mobile), which could lead to a ban even before the game has been launched.  It is revealed that Lok Sabha MP from Telangana (Nizamabad), Arvind Dharampuri has written to IT Minister Ravi Shankar Prasad raising concerns regarding Battlegrounds Mobile. Here’s what it is about.  Battlegrounds Mobile India faces a new challenge The letter was sent to Prasad on June 2 and asks him to look into “serious” security concerns put forward by multiple representations.  It brings to light the fact that Battlegrounds India stores users’ data in India and Singapore, it also allows for international data transfers. Plus, its Terms of Service are also looked after by the laws of South Korea, where Kraft...
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Indian Gaming Industry Attracted $350 Million VC Between 2014-2020; To See 41% Growth Annually




 India's gaming industry has attracted about USD 350 million in investments from venture capital firms between 2014 and the first few months of 2020, growing at a CAGR of 22 percent, a report by Maple Capital Advisors said on Tuesday. The report titled 'Gaming - India Story' said the Indian gaming industry currently valued at USD 930 million and is expected to grow at 41 percent annually. By 2024, the gaming industry in India is set to be valued at USD 3,750 million, it added. This increase will be fuelled by the growth of digital infrastructure and a substantial rise in quality and engaging gaming content some of the big investments include USD 100 million investment in Dream11 by Tencent and Steadview Capital (2016), USD 41 million investment in Mobile Premier League by Sequoia and Times Internet (2019), and USD 20 million in Paytm Games by One97 and AG Tech holdings (2020)." The three key segments of online gaming are - Real Money Games (RMG), Mobile-centric/casual games, and E-sports.


"We have seen growing investment traction in gaming with over USD 350 million of investments. With growing internet penetration, compelling economics, usage statistics, and increasing ecosystem of entrepreneurs and developers focusing on this space we expect good growth in investments which are likely to at least double in this space in the next 1-2 years," Maple Capital Advisors Managing Director Pankaj Karna said.


He added that marquee VCs have begun meaningful investments and it is likely that private equity will enter gaming in a more meaningful way going forward. "Gaming is at inflection stage in India with a rapid rise in consumption expected and investments likely to accelerate...We also expect select consolidation by larger platforms to add categories and fill gaps," he said. The report noted that there are over 400 gaming startups in India.

The fantasy sports landscape in India has witnessed a significant transformation and the number of fantasy sports operators has increased by seven times over 2016-2018, whereas the number of users has grown by over 25 times from June 2016 to February 2019. E-sports has shown strong user growth but lags on profitability. There is also increasing traction towards multiplayer games that have been
observed post the onset of PUBG in India.

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