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SALONE SEHGAL LUMIKAI
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...- Microdrama apps chase telco bundles as subscription growth lags despite download surgeMicrodrama platforms are partnering with telecom operators to combat market fragmentation and boost subscriptions. With over 20 apps and si...
- India’s interactive media market at inflection point as monetisation gains paceIndia's interactive media market is now worth $14 billion. The focus has shifted from gaining users to making money. Cheap data, smartphone...
- Majority of Indians pay for contents online, gaming dominates premium wallet share: LumikaiA Lumikai survey reveals a majority of Indians now pay for online content, with gaming dominating spending over Rs 1,000. The study of 3,00...
- India’s digital users shift from passive viewing to active participation: StudyIndians are actively engaging with digital entertainment, moving beyond just watching. Gaming is the top activity, surpassing OTT and short...
- 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...
- Indian gaming companies facing tougher challenges compared to China: Salone Sehgal of VC fund LumikaiIndian gaming companies face tougher challenges than their Chinese counterparts, says Salone Sehgal of Lumikai. Despite competition from bi...
- 44% gamers in India are women, but male employees continue to dominate the industryWomen’s representation in tech roles in India is even lower, at 6-9%, according to the Women in Games report by All India Games Developers ...
- 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...
- Indian digital gaming industry to more than double to $7.5 billion by FY28: Lumikai"India's gaming market hit USD 3.1 billion in FY23 and is projected to reach USD 7.5 billion by FY28. Future growth is expected to be drive...
- Gaming startup QuriousBit raises $2 million in funding from Lumikai, General CatalystThe funds will be used to expand the team size, currently at seven, in product and system development and in marketing its games. QuriousBi...
- 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...
- 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...
- Indian mythological figures set to light up gaming screen as demand boomsIndian gamers are maturing in the way they play different gaming genres, RedSeer Consulting said in a report last month.
- 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 ...
- New VC fund Lumikai to seed home grown gaming studios, entrepreneursFirst dedicated capital pool for India sees global media and tech companies log in as investors, aims to deploy $2 lakh - $2 million across...
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