Indiagames’ founder Vishal Gondal quits Disney; Sameer Ganapathy to head digital arm of Disney UTV

Vishal Gondal, managing director of the digital arm of Disney UTV, has put in his papers. Gondal, who is the founder and CEO of Indiagames, the country’s largest digital gaming firm (which was acquired by UTV and is now part of Walt Disney), has decided to leave the company to pursue entrepreneurs...

Team TC

Rafat Ali’s travel media company Skift gets $500K from Vishal Gondal, Sanjay Parthasarathy, others

Skift, a New York-based travel intelligence media company that offers news, insight, data, tools and services to the travel industry, has raised $500,000 from over a dozen angel investors which include Indiagames founder Vishal Gondal and former Microsoft executive Sanjay Parthasarathy. Skift is fou...

Anand Rai

Excl: Gameshastra sells studio to Disney Interactive Media Group

Hyderabad-based gaming company Gameshastra has sold one of its studios to Disney Interactive Media Group. The studio was providing back-end support for the popular Disney game, Gardens of Time, on Facebook. Although the financials of the deal were not available as of now, the deal was closed in the ...

Anand Rai, Nandana Das & Sonam Gulati

Digirati: Top 25 powerful people in Indian digital business

They provide smart insights into hot trends and create strategies that redefine businesses. They innovate opportunities for themselves and others – writing some success stories that inspire awe. Meet the homegrown Steve Jobs, Mark Zuckerbergs and Warren Buffetts who have made waves in the digital ...

Team TC

VCCircle Angel Summit to capture the pulse of early-stage investment in India

Early-stage investment has hit a new high this year with the first five months recording 56 deals in both angel and seed investments in India. To put that in context, the entire last year India recorded 66 early stage investment deals. So, although poor macroeconomic factors are putting a spanner in...

Anand Rai

Indiagames Partners VAS Startup MoMagic For Developing Mobile Games

Digital gaming firm Indiagames has tied up with MoMagic Technologies, a Noida-based VAS company for developing new games based on MediaTek’s (an investor in MoMagic) Maui Runtime Environment (MRE) Platform (MediaTek Inc is a Taiwanese-based fables semiconductor company). The MRE platform basically...

Vivek Sinha

When Indiagames’ Founder Was Offered A Job At Nazara & He Passed It On

It’s been only a few months (or weeks, assuming it took some time for the actual transfer of holding) since Vishal Gondal, the founder & CEO of the country’s largest digital games developer Indiagames, sold his remaining stake in the company to Disney-controlled UTV Software, and job offers...

Team TC

Prior To Delisting Disney Controlled UTV Sinks Into Big Loss In Q3; TV, Movies & Games Biz All In Red

UTV Software has reported a sharp deterioration of its bottom-line for the quarter ended December 31, 2011 with all its three business segments television, movies and games & interactive business reporting segment losses. In the previous quarter ended September 30, 2011 only the television had r...

Nandana Das

UTV Set To Buy Adobe’s 6.29% In Indiagames; Disney Makes Delisting Offer For UTV

Mumbai-based UTV Software Communications Ltd, has struck a deal to buy out Adobe Systems Incorporated’s 6.29 per cent stake in Indiagames Ltd, the country’s largest digital gaming company. Although the deal value stands undisclosed, the agreement for sale has already been inked. If the recent de...

Team TC

UTV Q2 Net Loss At Rs 28.55 Cr; Gaming & Interactive Biz Revenues Up 49.7% Y-o-Y

UTV Software has reported a sharp deterioration of its bottom-line for the quarter ended September 30 largely because its television business unit swung into a segment loss, though profitability of games & interactive business as well as movies segment also saw pressure on margins. Disney contro...