Peak XV-backed gaming startup MPL cuts workforce by 50% amid taxation changes

[ad_1] India’s popular online gaming and fantasy sports startup Mobile Premier League is reducing its staff by approximately 50%, two people familiar with the matter said, weeks after New Delhi implemented a 28% tax on online real-money games. The Bengaluru-based startup initially announced its plans to cut jobs to employees last week and sent a … Read more

Sachin Bansal sells Navi’s microfinancing unit for $178.5 million

[ad_1] Svatantra Microfin has reached an agreement to acquire Navi Group’s microfinancing unit Chaitanya India for about $178.5 million, the two firms said Tuesday, latest in a series of events at entrepreneur Sachin Bansal’s firm that has struggled to secure a banking license. Svatantra said it will become the second largest microfinancing firm in India … Read more