Tiger Global, Peak XV, and Steadview Capital are among 30 foreign and domestic investors asking Indian Prime Minister Narendra Modi to review a 28% gaming tax, saying the levy would adversely impact $4 billion in prospective investments, a letter showed. Last week, India announced the tax on the funds that online gaming companies collect from their customers. Games such as fantasy cricket have become increasingly popular in recent years but have also raised concerns about addiction. The tax comes as online gaming has become a massive business in India, with the sector growing at a compounded rate of around 28-30% … Continue reading Gaming Tax Could Cost India $4 Billion in Foreign Investment, Investors Warn