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gaming: VC firm Lumikai cuts growth projection for India's real-money gaming segment

The share of RMG in the Indian gaming market, which today is nearly 60%, could reduce to 32% by fiscal 2028, said the State of India Gaming FY23 report released by Lumikai. ....

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India's online gaming industry gains with increased user spending

An industry report by Google and venture capital firm Lumikai, released on 2 November, pegged the annual average revenue per user (ARPU) for India’s gaming industry to reach ₹1,600 by FY23-end ....

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gaming industry: Indian digital gaming industry to more than double to $7.5 billion by FY28: Lumikai

"India s gaming market hit USD 3.1 billion in FY23 and is projected to reach USD 7.5 billion by FY28. Future growth is expected to be driven by growth in in-app purchases and ad revenues in casual and mid-core games," the report said. ....

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Mixi's Tomoharu Urabe on the company's first VC fund outside Japan and India roadmap

Japan-based mobile entertainment major Mixi set up an India-focussed corporate venture capital arm earlier this month, its first such fund outside the home market.

With an .. ....

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krafton: Gaming major Krafton to invest another $150 million in Indian startups

Over the last three years, the firm has invested about $140 million in 11 Indian gaming and content-driven ventures including Nazara Technologies unit Nodwin Gaming, Pratilipi, KukuFM and Loco. ....

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