“I just did a Zoom call recently with a 19 year old kid who has a game called Blocks Roots. And it makes something like sixty million dollars a year or something. In revenue.”
quote is from the automated transcript, cleaned for reading:
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More from Nitish Mittersain
AssertionSupported
Mittersain: India gaming GST moved to 28% on deposits versus 18% on rake
“Now the latest tax on the GST is 28% on deposits, which was earlier 20. I mean, gaming companies were paying 18% on their rake, right?”
Nitish MittersainApr 21, 2024▶ 1:51:53Ep# 17 | WTF is Gaming in India? | Career, Investment, Entrepreneurship · Nikhil Kamath
AssertionNot checkable as stated
Mittersain: Banning real-money gaming in Indian states drives the market underground
“When you ban, you've seen in many states, for example, in India, where games have been banned. The online real money games have been banned. The business has usually gone underground. To more irresponsible players. Which completely exposes the users.”
Nitish MittersainApr 21, 2024▶ 1:51:00Ep# 17 | WTF is Gaming in India? | Career, Investment, Entrepreneurship · Nikhil Kamath
AssertionSupported
Mittersain: Ludo King surpassed 1B downloads but struggles to monetize
“It's a, we recently crossed a billion downloads, I think. In India. Yeah, but I. Yeah, monetization is a is a challenge.”
Nitish MittersainApr 21, 2024▶ 31:09Ep# 17 | WTF is Gaming in India? | Career, Investment, Entrepreneurship · Nikhil Kamath
Disclosure
Mittersain: Nazara pays corporate data analysts 20-30 lakhs INR annually
“I mean, we, for, at least at a corporate team where we have a few people looking at data of a lot of our studios, maybe 20, 30 lakhs a year.”
Nitish MittersainApr 21, 2024▶ 2:32:17Ep# 17 | WTF is Gaming in India? | Career, Investment, Entrepreneurship · Nikhil Kamath
AssertionSupported
Mittersain: Nazara Technologies is India's only listed gaming company, worth 5,000 crores
“As India's only listed gaming company, it's worth 5000 crores.”
Nitish MittersainApr 21, 2024▶ 2:38:06Ep# 17 | WTF is Gaming in India? | Career, Investment, Entrepreneurship · Nikhil Kamath
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