India’s gaming landscape is undergoing a transformative shift, driven by the rapid rise of Non-Real Money Gaming (Non-RMG), according to a new report by Lightbox, a Mumbai-based consumer-tech VC fund. Titled India’s Gaming Inflection: Non-RMG at Scale, the report highlights how India’s young, mobile-first gamer base, combined with regulatory clarity, is creating a fertile ground for a sustainable and fast-growing gaming ecosystem. Advertisement

With nearly 420 million gamers, India ranks as the world’s second-largest market after China. Despite strong download numbers, monetisation has historically lagged, presenting a substantial growth opportunity. The enactment of the Promotion and Regulation of Online Gaming Act, 2025, banning real-money games (RMG) and their advertising while imposi

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