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The ingredients of PlaySimple s success

The ingredients of PlaySimple s success In November 2016, when PlaySimple was valued at $16 million, Siddharth Jain had an 18.3% stake in the company. Other co-founders Suraj Nalin and Preeti Reddy held 13.5% each and Siddhanth Jain had 11.4%. Synopsis In the MTG deal, Bengaluru-based PlaySimple recorded one of the biggest exits for investors in the industry. What lies ahead for the online gaming startup? Pune | Bengaluru: About five years ago, PlaySimple raised $4.5 million at a valuation of $16 million. In hindsight, CEO Siddharth Jain said, that was a reasonable amount in rupees to validate and scale up the business. “We think that we may have raised more money than we actually required, but we did well on that,” Jain said.

Ecomm firms raise concerns with govt

Ecomm firms raise concerns with govt Want this newsletter delievered to your inbox? SUBSCRIBE Thank you for subscribing to Morning Dispatch We ll soon meet in your inbox. / Morning Dispatch At a meeting with government officials on Saturday, online retailers raised concerns about the tough new e-commerce rules that were announced last month. Their biggest complaints were about the rules that bar “related parties” from selling on their platforms, and e-commerce platforms from launching their own brands. Also in this letter: Zomato IPO Ecomm firms flag concerns about draft rules, seek more time to respond Large ecommerce companies including Flipkart, Amazon India and Tata Group have told the government they are concerned about the “related-party clause” in the new draft regulations for the industry that prevents them from selling on their own platforms, said sources privy to discussions between officials and industry executives on Saturday.

Sweden s MTG acquires Indian game developer PlaySimple for $360m

Sweden s MTG acquires Indian game developer PlaySimple for $360m
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