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OneVerse acquires e-gaming companies Calling Station and BatBatt11

EntrackrEntrackr · 1y ago
OneVerse acquires e-gaming companies Calling Station and BatBatt11
Medial

Metaverse and gaming technology platform OneVerse has acquired two companies: Calling Station, and BatBall11. The acquisitions will help OneVerse to solidify its position in the gaming market, as per the company. Calling Station develops online games and delivers superior experience with safety and security while BatBall11 is a rewards-based fantasy sports platform for multiple sports which enables users to make virtual teams to win prizes. The Bengaluru-based company is looking to acquire more companies in the next three months as a part of a larger strategy announced earlier, it said in a press release. In February, OneVerse acquired online poker platform Spartan Poker as part of its plan to acquire 13 companies. It also announced a $120 million worth fund which will be used to acquire eight companies. Founded by Paul Michael, OneVerse is a MetaVerse platform which is dedicated to enable an immersive experience for gamers. It aims to continue to redefine industry standards and shape the future of gaming. The company plans to invest an additional Rs 250 Crore across its portfolio of investments

OneVerse acquires e-gaming companies Calling Station and BatBall11

EntrackrEntrackr · 1y ago
OneVerse acquires e-gaming companies Calling Station and BatBall11
Medial

Metaverse and gaming technology platform OneVerse has acquired two companies: Calling Station, and BatBall11. The acquisitions will help OneVerse to solidify its position in the gaming market, as per the company. Calling Station develops online games and delivers superior experience with safety and security while BatBall11 is a rewards-based fantasy sports platform for multiple sports which enables users to make virtual teams to win prizes. The Bengaluru-based company is looking to acquire more companies in the next three months as a part of a larger strategy announced earlier, it said in a press release. In February, OneVerse acquired online poker platform Spartan Poker as part of its plan to acquire 13 companies. It also announced a $120 million worth fund which will be used to acquire eight companies. Founded by Prashant Joshua, OneVerse is a MetaVerse platform which is dedicated to enable an immersive experience for gamers. It aims to continue to redefine industry standards and shape the future of gaming. The company plans to invest an additional Rs 250 Crore across its portfolio of investments

OneVerse acquires Spartan Poker for undisclosed amount

EntrackrEntrackr · 1y ago
OneVerse acquires Spartan Poker for undisclosed amount
Medial

MetaVerse and gaming tech company OneVerse has acquired online poker platform, Spartan Poker, for an undisclosed amount. This is a continuation of OneVerse’s M&A strategy looking to consolidate the gaming market, OneVerse said in a press release. It added that the recent macroeconomic headwinds have unlocked momentum for M&A opportunities, and the company is looking to close a few additional acquisitions in the next three months for $120 million. Spartan Poker’s founder and CEO Amin Rozani said, “…This acquisition opens up new horizons for creativity and technological advancements, and we look forward to creating extraordinary customer gaming experiences together.” The development comes six months after Spartan Poker fired 40% of its workforce or 125 employees due to the government’s 28% GST on real-money gaming companies. With over 2 million registered users, Spartan is one of the largest online platforms for poker in India. It has also not raised venture capital to date. Spartan claims that it clocked a revenue of Rs 200 crore but its consolidated financial statements with the RoC showed that it made Rs 95 crore in FY23 while its losses stood at Rs 6.21 crore in the same period. The consolidation appears to be driven by the 28% GST rule introduced by the Indian government effective from October last year. Since then, a clutch of startups including Fantok, One World Nation (OWN), and Quizy shut their operations while MPL, and Hike Rush Gaming have fired more than 400 employees, cumulatively. Dream11, the largest player in the space, was also impacted heavily by the GST crackdown. The firm had shut down its investment arm Dream Capital and projected an 80% fall in its profits in the ongoing fiscal.

Indian Space Station will enable research in Bioastronautics, biological research, drug discovery: Isro Chairman

Economic TimesEconomic Times · 10m ago
Indian Space Station will enable research in Bioastronautics, biological research, drug discovery: Isro Chairman
Medial

India's space agency, the Indian Space Research Organisation (ISRO), plans to establish a space station that will enable astronauts to conduct various research activities. The station will focus on areas such as bioastronautics, biological research, drug discovery, and material science research. ISRO is also exploring collaboration opportunities with other nations to build and utilize space stations, as well as joint missions. The space agency has approved four projects, including the Chandrayaan-4 mission, a Venus Orbiter mission, a new generation launch vehicle, and the Bharatiya Antariksh Station, with a budget of around Rs. 22,000 crore. The long-term vision includes landing on the moon by 2040 and operating a space station by 2035.

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