Playsimple: Why is PlaySimple acquisition the most important exit story for the Indian startup ecosystem in 2021

Mobile development startup PlaySimple's acquisition by the Swedish gaming firm Modern Times Group (MTG) for a whopping $360 million last week was the biggest news for the Indian startup ecosystem in 2021 for several reasons. For starters, unlike most acquisition deals, this one is majorly a cash exit where every stakeholder made a killing. Moreover, the company raised a total of $4.5 million since its inception in 2014 and turned profitable in FY20 with Rs 38 crore in the green. Continue reading Why is PlaySimple acquisition the most important exit story for the Indian startup ecosystem in 2021 at Entrackr.