On developments in the gaming space, especially taxation, Pandita said every regulatory power or government in the world has gone through phases of understanding and taxing games in a certain way.
Elevate Your Tech Prowess with High-Value Skill Courses
| Offering College | Course | Website |
|---|---|---|
| Indian School of Business | ISB Professional Certificate in Product Management | Visit |
| IIM Lucknow | IIML Executive Programme in FinTech, Banking & Applied Risk Management | Visit |
| MIT | MIT Technology Leadership and Innovation | Visit |
“While real money gaming…is not impacting us, in the actual gaming sector, there is obviously a need for regulatory discipline. We should always understand (the government’s) perspective. As entrepreneurs, we forget they have far more headaches than we do. But, in my conversations with many government officials were very open and much smarter than any of the people you know,” Pandita said.
Terming Loco as a watercooler for gamers, Pandita traced the gaming company’s roots from streaming and culture-creating platform Pocket Aces, which he co-founded. Pocket Aces was recently acquired by the music company Saregama.
“…with the advent of the phone and them getting better and better, and data charges getting cheaper, we saw the breakout of multiplayer games like PUBG mobile,” he said.
Speaking about their investor BGMI-parent Krafton, Pandita lauded the company’s regulatory compliance “to give India a game it loves”.
Discover the stories of your interest
“They followed all the rules now, and I think, they have also prepared that regulatory path for other games. They have come back and created a way for others, and…you are going to see Free Fire also coming back now in the next month or so,” he said.
Pandita said the company plans to expand in the Middle East and Latin America.