Regulatory challenges and tax uncertainties are casting a long shadow on India's gaming startups
The gaming industry in India was estimated at $2.2 billion in 2021 and is expected to hit $7 billion by 2026—more than 3x in the next 5 years, says Lumikai, a gaming-focused VC fund. According to Inc42, at present, the industry has three gaming unicorns—Dream Sports, Games24x7 and MPL.