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LUMIKAI INVESTMENT
Our aim now is to create Indian games for local use and global exports: Krafton CEO KimMakers of popular video game PUBG looks to double down on investments and IP creation. Will invest both from its balance sheet as well as a...- Infosys Q4 profit spikes; Flipkart mulls separate app for MinutesInfosys closed FY26 with strong numbers aided by a pickup in demand from its banking, energy and communication segments. This and more in...
- Eloelo reports FY25 operating revenue at Rs 69.5 crore; expenses jump 67% on marketing spendsAs the live social entertainment startup’s business expanded, its expenses rose in tandem. Since its founding in July 2020 by Saurabh Pande...
- Micro dramas fastest-growing video segment, to hit $4.5 billion by 2030: LumikaiMicro dramas are poised for significant growth, projected to reach $4.5 billion by 2030 with 31% annualised growth. This mobile-first conte...
- Real-money game over, battle will now shift to the old fieldFollowing the real-money game ban in India, traditional gaming studios anticipate growth as RMG players migrate to casual gaming. This shif...
- Meta Gaming Accelerator launched to power up India’s next-gen game devs and studios
- We plan to have a significant ramp up in India: Krafton CEO CH KimThe CEO said that the company has invested up to $170 million in gaming and gaming adjacent industries as well as consumer industries that ...
- Quick-commerce grows beyond grocery; Tribe Capital’s latest India betHappy Friday! Quick-commerce platforms like Zepto, Swiggy’s Instamart, and Zomato-owned Blinkit are seeing a surge in sales for non-grocery...
- VC Lumikai eyes 10-12 deals via India Fund-IIGaming and interactive media venture capital firm Lumikai has $58 million in AUMs from 15 portfolio companies, general partner Salone Sehga...
- Centre Court Capital launches $42 million sports, gaming tech fundIndia is home to three gaming unicorns in Game 24X7, Dream11 and Mobile Premier League, besides having the world's second-largest populatio...
- VC firm Lumikai cuts growth projection for India’s real-money gaming segmentThe share of RMG in the Indian gaming market, which today is nearly 60%, could reduce to 32% by fiscal 2028, said the State of India Gaming...
- Nazara eyes tax crisis-hit real money game companiesThe RMG industry is facing a tax demand of more than Rs 1.5 lakh crore, after the government decided to levy a 28% GST on deposits made by ...
- Eloelo raises $22 million in funding from Courtside Ventures, Griffin Gaming PartnersThe funding happened at a valuation of between $100-150 million, founder and chief executive Saurabh Pandey told ET in an interaction, with...
- Byju’s troubles mount as board members, auditor Deloitte resign; Tata Digital rejigs top brassOn Thursday evening ETtech first broke the story of three of Byju’s key board members resigning. Soon after Deloitte, the edtech’s statutor...
- Key Byju’s board members, auditor resign; Modi urges Micron to put India on semiconductor mapIt just doesn’t seem to end for Byju’s. As if loan defaults, losses, layoffs and other setbacks weren’t enough, three key board members of ...
- Gaming focused VC Lumikai unveils Fund II, eyes $50 million corpusThe so-called Fund II follows Lumikai’s first fund that raised $40 million in 2020, a year after its inception. It has backed startups like...
- Casual gaming startup Giga Fun Studios raises $2.4 million fundingThe startup, which plans to launch its first game in the second half of 2023, is aiming to build a portfolio of games that are culturally c...
- VC fund Lumikai strengthens leadership teamRajadhyaksha will oversee finance, fund administration and operations, lead on regulatory and compliance. Shashwat will play a key role acr...
- Eloelo raises $13 million in funding co-led by KB Investments, Kalaari CapitalThe new capital will be used to expand the firm's tech, product, and content teams, as well as to foster new partnerships with creators and...
- Game streaming platform Loco raises $9 million from Krafton, LumikaiFollowing the fundraise, Loco will be spun off as a separate entity from Pocket Aces. Founders Anirudh Pandita and Ashwin Suresh will lead ...
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