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News on Medial
Meta Levels Up Indian Gaming with New Accelerator and VC Backing
StartupTalky
·
2m ago
Medial
Meta has launched the Meta Gaming Accelerator in India, partnering with venture capital funds to support small and medium gaming companies. The initiative aims to assist 20-30 Indian creators and studios with AI-led game development, cross-border scaling, and monetization. India, a significant gaming market with over 520 million users, is targeted despite challenges like low per-user monetization. The program emphasizes AI integration to enhance game development, aiming to bridge the talent-opportunity gap in the Indian gaming industry.
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VC firm Accel nurtures 8 early stage Indian startups
Livemint
·
1y ago
Medial
Leading venture capital firm Accel has selected eight early-stage Indian startups for the third cohort of its accelerator program, Atoms. The program focuses on backing pre-seed ventures in the Artificial Intelligence (AI) and Industry 5.0 domains. The cohort will receive up to $500,000 in funding, along with benefits worth over $5 million from Accel's network partners. The startups will also gain access to mentorship and collaboration opportunities within a strong peer community. The selected cohort includes four AI startups, two Industry 5.0 startups, and two stealth mode startups.
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Exly raises $6.2 million funding led by Chiratae Ventures
Thehindubusinessline
·
1y ago
Medial
Business tools provider Exly has secured $6.2m in a funding round led by Chiratae Ventures. The Indian start-up plans to use the investment to develop its suite of tools, acquire customers and help users boost their earning potential. Exly aims to simplify the management of knowledge-based businesses by providing a comprehensive platform, allowing entrepreneurs to focus on sharing knowledge rather than dealing with disparate tools and products. Since its founding in 2018, Exly, formerly called MyScoot, has raised $1.8m in seed funding and secured backing from start-up accelerator Y Combinator.
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India’s Gaming Space May Touch $7.5 Bn By 2025: Meta India MD
Inc42
·
1y ago
Medial
Facebook Meta is eyeing the gaming market in India, predicting it to be worth $7.5bn and generate 250,000 jobs by 2025. Speaking at the Meta Gaming Summit in Mumbai, India MD Sandhya Devanathan highlighted the significant role gaming will play in India's digital economy. The event also saw the launch of the 'Gaming Playbook', a report on the Indian gaming ecosystem. The report revealed that India has around 146 million real money gaming players and approximately 202 million casual gamers, with a majority residing outside major cities. Gaming is a top three vertical for Meta globally.
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India Accelerator leads pre-seed funding round of esports start-up Marcos Gaming
OutlookIndia
·
1y ago
Medial
Marcos Gaming, an esports and entertainment startup, has secured pre-seed funding led by India Accelerator and Finvolve. The funding will be used to build gaming communities, develop intellectual properties, and expand into other esports titles. Marcos Gaming aims to work on a holistic approach, spanning from grassroots initiatives to collaborations with prominent gaming influencers in India. The growth of esports in India has been significant, and the company believes that esports will become a major industry in the country, with the Indian government and state authorities showing increasing interest in its development.
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Microsoft and Asus announce two Xbox Ally handhelds with new Xbox full-screen experience
The Verge
·
3m ago
Medial
Microsoft and Asus have collaborated to introduce two ROG Xbox Ally handheld devices, featuring a new full-screen Xbox experience on Windows. Designed for improved gaming, these devices offer specifications tailored for different levels of gaming resolution, with advanced AMD processors and substantial SSD storage. The interface is optimized for gaming, simplifying the user experience by minimizing Windows complexity. Launching in the holiday season, these devices promise enhanced battery life and seamless integration across gaming platforms.
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Indian gaming companies facing tougher challenges compared to China: Salone Sehgal of VC fund Lumikai
Economic Times
·
5m ago
Medial
Indian gaming companies face tougher challenges compared to China, says Salone Sehgal of Lumikai, a gaming-focused venture capital fund. Indian firms must compete with big tech in a less protected market, fostering capital efficiency and persistence. India's gaming sector is growing rapidly at 20% annually, unlike the saturated Western markets. The online gaming industry is projected to more than double, reaching $9.1 billion by 2029, promising significant returns for early investors.
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Meta now lets creators publish Instant Games directly on Facebook
Economic Times
·
1y ago
Medial
Meta, formerly known as Facebook, has introduced a new feature called Meta Instant Games that allows creators to publish games directly on the Facebook platform. This move is aimed at expanding the gaming ecosystem on Meta and providing more opportunities for developers and gamers alike. The feature is part of Meta's strategy to further integrate gaming into its social media platform and enhance the overall user experience.
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Jetsynthesys Partners With Brinc To Launch New Gaming Accelerator Program
OutlookIndia
·
1y ago
Medial
Digital entertainment and technology company JetSynthesys has partnered with venture accelerator firm Brinc to support entrepreneurs and startups in the gaming sector worldwide. The collaboration will offer operational expertise, funding support, mentorship, and access to resources to over 25 companies. JetSynthesys will serve as the primary investor in Brinc's gaming accelerator and provide assistance in marketing, talent acquisition, IP licensing, and more. The collaboration aims to empower startups and address challenges in game development ecosystems globally. JetSynthesys has a strong presence in the gaming industry and is a growth partner for gaming studios seeking international expansion.
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Indian gaming likely to hit $7.5 billion, create 250,000 jobs by 2025: Meta executive
Economic Times
·
1y ago
Medial
According to Facebook's Meta, the Indian gaming sector is expected to reach a value of nearly $7.5 billion and create 250,000 jobs by 2025. Meta's vice president for India, Sandhya Devanathan, highlighted the significant role gaming will play in India's digital economy, which is predicted to contribute a trillion dollars to the country's goal of becoming an $8 trillion economy. The report released by Meta also revealed that India has approximately 146 million real money gaming (RMG) players and 202 million non-RMG casual gamers, with a large percentage residing outside major cities.
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Micro VC Aora changes tack, investment mandate in new fund
VCCircle
·
1y ago
Medial
Venture capital firm Aora Ventures is shifting its investment strategy with its new fund. The firm, known for its backing of startups across various regions, including South Asia, South East Asia, Europe, and the US, has fully deployed its initial $15 million fund established in 2020. The focus of the new fund will be to target a specific corpus, narrowing its investment scope.
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