Tax Tempest: VC firm Lumikai trims growth projections for India's gaming industry

Tax Tempest: VC firm Lumikai trims growth projections for India's gaming industry

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Lumikai, an early-stage venture capital fund focused on gaming, has revised downwards the growth projections for India’s gaming industry, in light of the government’s decision in July to levy a 28% tax on funds collected from online real money games.

Edited by: Pramod Mathew