Tag: gaming

Esports industry divided over forming anti-poaching body

The newly assembled team, which had a combined prize pool earnings of approximately INR 2.5 crores ($276,703) in FY23.

Recently, esports team owners have raised concerns about the poaching of esports athletes by other organizations offering higher salaries, which violates existing contracts between team owners and players.

Nazara Technologies faces a potential tax bill of Rs 1,120 crore

Nazara is aiming to identify opportunities within the gaming, esports and adtech arenas internationally particularly with a focus on established gaming IP’s/studios, those advancing in technologies like web3, Virtual Reality, and AI.

The notices, issued on July 16, allege GST liabilities of ₹845.72 crore and ₹274.21 crore respectively, for the period 2017-18 to 2022-23.

Female Esports in India hits a dead end, India’s last female esports roster shut

According to industry experts, male players in top-tier esports organizations earn between Rs 2-3 lakhs per month, while their female counterparts are paid a mere Rs 30,000-40,000.

Organizations like Global Esports, Orangutan, and Velocity Gaming managed to sustain their female rosters for a longer period. However, due to a lack of tournaments and brand interest, they were forced to shut down these rosters. While these organizations today continue with their male esports rosters.

Loco’s AVOD model fails, will it bounce back?

Loco has previously partnered with major publishers like Krafton, Activision, Ubisoft, and Riot Games, as well as global entities like the NBA and FIFA.

The platform has raised a total of $51 million in funding, including a $42 million Series A round in 2022 led by Hashed, with participation from Makers Fund, Catamaran Ventures, and Korea Investment Partners. Investors from the company’s seed round, such as Krafton, Lumikai, and Hiro Capital, also participated in this funding round.

GCPL looks at gaming and esports IPs for advertising opportunities: EXCLUSIVE

During the launch of India’s first indigenous mosquito repellent molecule, Renofluthrin based product - GoodKnight Vaporizer, Ashwin Moorthy, Chief Marketing Officer of GCPL, spoke to Storyboard18 about the brand's plan to invest in gaming and esports as a segment and GCPL’s marketing and advertising strategy for recently acquired RCCL products.

Ashwin Moorthy, Chief Marketing Officer of GCPL, spoke to Storyboard18 about the brand’s plan to invest in gaming and esports as a segment and GCPL’s marketing and advertising strategy for recently acquired RCCL products.

Saudi Arabia to host first ever Olympic Esports Games in 2025

Indian esports industry stands to gain significantly from this development. Following a bronze medal win in DOTA 2 at the 2022 Commonwealth Games in Birmingham and competing in five titles at the 2022 Asian Games in Hangzhou.

Last year, Saudi Arabia launched an annual Esports World Cup, with the first edition currently taking place in Riyadh from July 3 to August 25.

Cricket will inevitably get involved in esports in some form: Nodwin Gaming’s Akshat Rathee

It is now rare to find a young person with a smartphone who doesn’t have a game on it, says Akshat Rathee, Co-founder and Managing Director, NODWIN Gaming.

Akshat Rathee, Co-founder and Managing Director, NODWIN Gaming discusses the vision for NODWIN’s global expansion and the unique challenges and opportunities presented by different markets, mainstream adoption of gaming and its impact on the industry.

How gaming has expanded beyond modes of entertainment

Telangana could be the first state in India to introduce comprehensive esports policies.

This month marked National Video Game Day and so Siddharth Nayyar, co-founder and CRO, Max Level, reflected on how video games provide with a medium to express creativity and sometimes to build social connections.

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