Flipkart buys desi gaming startup Mech Mocha

Flipkart on Tuesday, said that it has acquired the desi gaming start-up Mech Mocha for an yet to be disclosed sum. This acquisition also means that Flipkart now also has control over Hello Play, a regional gaming platform run by Mech Mocha. Hello Play has already released around 10 successful online games such as snakes and ladder, Ludo, Carrom and Cricket. This deal will give boost to Flipkart’s own user base and help it reach out to consumers not based in Indian cities and look at users from smaller towns and villages.

Flipkart losses increased by 750%

For the FY ending March 2018, Flipkart’s wholesale arm, Flipkart India’s losses has increased by nearly 750% to over Rs 2,000 crore, while the online marketplace company, Flipkart Internet has…