Top investors including Tiger Global and Peak XV, previously known as Sequoia Capital India, have invested in Indian gaming companies such as Dream11 and Mobile Premier League. In the letter dated July 14, gaming companies including MPL urged the finance minister to rethink the move, highlighting the impact on jobs and investment.
India s new 28% tax on
online gaming companies will stifle foreign investment and put
$2.5 billion already invested in the sector at risk, more than
100 gaming firms have said in a letter to India s.