Bengaluru: Bengaluru-based gaming platform Gameskraft is discontinuing its fantasy offering Gamezy Fantasy — which allowed cricket enthusiasts to pick virtual teams, participate in virtual tournaments and win prizes — from Monday.
The platform has been in the public eye for some months now for a Rs 21,000 crore GST demand from tax authorities.
The company said prevailing industry trends and internal insights have underscored the need for deep category-specific experiences to provide a wholesome and immersive gameplay to its players. “Given the vision with regards to our portfolio, we have made a strategic decision to reassess and temporarily deprioritise our Gamezy super app. We are focusing our efforts on the development and promotion of dedicated single apps, like our newly-launched RummyPrime, LudoCulture and other initiatives. This focus allows us to concentrate on our core competencies and channel greater resources towards delivering unparalleled user experiences,” a company spokesperson said.
The company said this reassessment of strategic prioritisation will not have any negative impact on its workforce planning and talent deployment. “Furthermore, these changes are not related to the recent amendments made to the GST laws,” the spokesperson said. Gameskraft was founded by former Grofers engineer Prithvi Singh in 2017.
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The platform has been in the public eye for some months now for a Rs 21,000 crore GST demand from tax authorities.
The company said prevailing industry trends and internal insights have underscored the need for deep category-specific experiences to provide a wholesome and immersive gameplay to its players. “Given the vision with regards to our portfolio, we have made a strategic decision to reassess and temporarily deprioritise our Gamezy super app. We are focusing our efforts on the development and promotion of dedicated single apps, like our newly-launched RummyPrime, LudoCulture and other initiatives. This focus allows us to concentrate on our core competencies and channel greater resources towards delivering unparalleled user experiences,” a company spokesperson said.
The company said this reassessment of strategic prioritisation will not have any negative impact on its workforce planning and talent deployment. “Furthermore, these changes are not related to the recent amendments made to the GST laws,” the spokesperson said. Gameskraft was founded by former Grofers engineer Prithvi Singh in 2017.
We also published the following articles recently
Gameskraft discontinues fantasy platform
Gameskraft, a gaming platform, has announced that it will discontinue its Gamezy Fantasy feature, which allowed users to create virtual cricket teams and compete in tournaments. The decision comes amidst a Rs 21,000-crore GST demand from tax authorities. The company stated that it will focus on developing and promoting dedicated single apps, such as RummyPrime and LudoCulture, to provide a better gaming experience. The company assured that this decision will not affect its workforce and is unrelated to recent GST law amendments.
Gameskraft, a gaming platform, has announced that it will discontinue its Gamezy Fantasy feature, which allowed users to create virtual cricket teams and compete in tournaments. The decision comes amidst a Rs 21,000-crore GST demand from tax authorities. The company stated that it will focus on developing and promoting dedicated single apps, such as RummyPrime and LudoCulture, to provide a better gaming experience. The company assured that this decision will not affect its workforce and is unrelated to recent GST law amendments.
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Shah Rukh Khan’s latest film ‘Jawan’ celebrates the strength of female characters, and the audience is impressed by their terrific portrayal. A fan’s daughter created a painting using pink to symbolize girl power in the movie, which caught SRK’s attention. He praised the girl’s efforts and affirmed that ‘Jawan’ is indeed about girl power. The film, directed by Atlee and featuring Nayanthara, Deepika Padukone, and others, has become the fastest Hindi movie to cross the Rs 500 crore mark at the global box office.
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Zero-brokerage trading platform, Shoonya, aims to become one of India’s top 10 trading platforms in the next two years. The parent company, Finvasia, believes that targeting young customers in smaller towns and cities will be key to their success. With over 123.5 million Demat account holders as their primary target audience, Shoonya plans to focus on tier 2, 3, and 4 cities, where they anticipate significant growth. Shoonya recently partnered with AI-powered market analytics platform, I Know First, which has been well-received by users. The platform currently has around 1.5 lakh active users, with a notable increase in customers aged 0-24.
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