Indian e-sports platform Mobile Premier League acquires GamingMonk
Photo: Florian Olivo / Unsplash.com
April 20, 2021
Esports and skill gaming platform Mobile Premier League (MPL) on Tuesday said it has acquired esports gaming platform GamingMonk for an undisclosed amount.
GamingMonk hosts esports tournaments across multiple platforms including PC, consoles and mobile phones. It serves as a launchpad for publishers and a community for gamers creating an integrated ecosystem across esports, live streaming, and content discovery.
As part of the transaction, MPL has absorbed the entire GamingMonk team. This acquisition will allow MPL to bring to market key national, regional and global tournament IPs and allow it to develop a full suite of esports and broadcasting capabilities.
At $131 million, funding for Indian online gaming platforms at 6-year high in 2020
April 05, 2021
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More such platforms were founded in India vis-à-vis other geographies for the second year in a row
The pandemic-induced lockdown forced most people in the country to take to the Internet for their everyday needs. Online gaming platforms were among the beneficiaries from this trend and this is reflected in the investments that the segment attracted last year.
According to data from Tracxn, a firm that tracks investments and financials of private companies and start-ups, $131.1 million was invested in the online gaming sector in India in 2020, the highest in the last six years. The number of firms that received the funding also climbed to 11 companies; another six-year high.
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Experts recommend single self-regulatory body for online skill gaming
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Experts recommend single self-regulatory body for online skill gaming
Mediawire / Updated: Mar 12, 2021, 14:27 IST
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The online skill gaming scene in India has changed significantly in recent times, with the industry showing an exponential growth rate year on year, attracting several marquee investors. Though the sector has tremendous potential to provide a healthy and responsible form of entertainment, India s online skill gaming industry is governed by vague state-by-state laws and regulations which do not provide enough clarity. Latest judicial developments reveal that Indian courts and state administrative bodies have begun to address this need to regulate the online gaming space, thanks to the effort of bodies like the All India Gaming Federation (AIGF).