Inc42: Before Pandemic Boom, Paytm First Games Loss Grew 224% In FY20

In FY20, Paytm First Games recorded a revenue of INR 19.4 Cr, an increase of 55% year-on-year (YoY) from INR 12.5 Cr in FY19; Paytm First Games claimed it witnessed over 75,000 new users joining the platform every day during the lockdown in 2020

The Economic Times: Paytm IPO Offer Price Fixed at Rs 2,150 Apiece

Digital payments and financial services firm Paytm NSE 15.98% has fixed an offer price of Rs 2,150 apiece for its initial share-sale. The shares of Paytm are expected to list on bourses on November 18, according to the final prospectus filed by the company with the Registrar of Companies on Friday.

Financial Times: AGTech Holdings Limited Announces to Hold SGM on November 18 about the Acquisition of Macau Pass

AGTech Holdings Limited issued a circular on the evening of October 28 and will hold a special general meeting on November 18 regarding the acquisition of the entire equity of Macau Pass Holding Limited to present a resolution to approve the acquisition agreement and the proposed transaction under it at a maximum price of HK $778 million.

Financial Express: Counting On Skills Legality Of Online Fantasy Sports In India

From the cases put forth against various High Courts, there seems to be a common misunderstanding of online fantasy sports being chance-based games. Fortunately, courts in India have been proactive in dispelling the common misconceptions, and have rightly categorized online fantasy sports as ‘games of skills’

Inc42: Online Gaming, Edtech Startups Reign IPL 2021 Advertising Stakes

Compared to the previous edition of the IPL, the number of advertisement categories have gone up by 5% to 58; Dream11 has taken the top advertiser spot (by volume) from Oppo which reigned during the same duration last year.

Inc42: Dream11 Parent Plans $1.5 Bn US Listing Next Year

The Mumbai-based fantasy sports startup will be looking to raise $1.5 Bn through the listing, valuing it at over $6 Bn; Just last month, the company had raised $400 Mn in secondary investment led by TCV, D1 Capital Partners and Falcon Edge.

Mint: Fantasy Gaming Platforms Woo Users by Launching High-Decibel IPL Campaigns

Fantasy gaming platforms are ready to lock horns during the Indian Premier League (IPL) 2021 edition that began on Friday, armed with big celebrities, new features and huge prize money.

Inc42: Real-Money Gaming: Will VC-Fuelled Fantasy Sports Apps Find A Firm Footing In India?

The fantasy sports industry has evolved to capture more than 100 Mn users of India’s 360Mn (approx.) mobile gaming market; Even as regulators and the government are scrambling to address segment-specific issues, fantasy gaming continues to operate in a regulatory grey area

Inc42: To-Be Unicorn MPL Spent INR 21 For Every Rupee In Revenue In FY20; Loss Up By 162%

This is the first time that MPL has reported revenue from operations; Its total revenue is roughly the same as Paytm First Games for FY20, which was also launched in 2018

Inc42: Before Pandemic Boom, Paytm First Games Loss Grew 224% In FY20

In FY20, Paytm First Games recorded a revenue of INR 19.4 Cr, an increase of 55% year-on-year (YoY) from INR 12.5 Cr in FY19; Paytm First Games claimed it witnessed over 75,000 new users joining the platform every day during the lockdown in 2020