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EV firm Ather Energy's losses swell 2.5 times to reach Rs 865 cr in FY23 [details]

Hero MotoCorp-backed electric vehicle (EV) company Ather Energy s losses surged more than 2.5 times in the financial year 2022-23. ....

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India gets its 1st unicorn of 2023 in Zepto; valued at $1.4 billion after $200mn funding round

Ending the unicorn drought in India amid the ongoing funding winter, online grocery company Zepto on Friday announced it has raised $200 million in its Series E round, valuing the company at $1.4 billion. ....

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28% GST impact: Online poker platform Spartan Poker lays off 125 employees

After Mobile Premier League (MPL) and Hike s Rush Gaming, online poker platform Spartan Poker has reportedly become another victim of government s 28 per cent GST on online gaming. ....

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Homegrown gaming platform MPL lays off 50% of workforce amid 28% GST regime

Homegrown online gaming platform Mobile Premier League (MPL) is reportedly slashing its workforce by nearly 50 per cent that will impact around 350 jobs, as the 51st GST Council meeting stayed firm on taxing online gaming at 28 per cent on gross value collected. ....

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Top investors urge PM Modi to reconsider 28% GST on online skill gaming [details]

An influential group of global and Indian investors like Tiger Global, DST Global, Peak XV Partners, Kalaari Capital, Matrix Partners India, and Kotak Private Equity have urged Prime Minister Narendra Modi to reconsider the decision to levy 28 per cent GST on online skill gaming. ....

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