How a 150-year-old law is hurting online fantasy sports

The pandemic has affected the way we live, learn, work and play. This change gave a fillip to two sectors: online gaming and ed-tech that had been clear outliers in their growth and investment trajectory.

As per the reports published by Indian Private Equity & Venture Capital Association and PGA Labs, ed-tech startups in India have received a total investment of $2.22 billion in 2020 as compared to $553 million in the previous year, with Byju’s and Unacadmey cornering a lion’s share of total investments. Similarly, Indian online gaming sector saw a 78% surge in investments from $97.1 million in year 2019 to $173 million in year 2020. The online gaming industry is estimated to grow at the rate

Please click here to read the full article by Manvinder Singh, published in The Economic Times – Rise.