Ep# 17 | WTF is Gaming in India? | Career, Investment, Entrepreneurship
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- čas přidán 9. 06. 2024
- Data suggest that young folks under the age of 30 are spending a lot more time on social media and gaming and less time on TV and physical sports. In this episode, we have the CEO of Nazara Technologies,Krafton India, and Lila Games, leaders in the Indian gaming space. We also have Animesh Agarwal (8bit Thug), a protagonist of the Indian gaming Industry, turning gaming into a full-time career in India.
Given that gaming for young kids, today is what cricket was for Indians back in the day, we explore how one can prepare to become a part of the gaming industry: By either becoming a gamer, understanding specific skills needed and channels of monetization or by developing and publishing games, knowing how hiring in the gaming industry works and so on. In both of these cases, what remains common is specific skills and knowledge
Given that the industry is still in its nascent stages in India, we compare and contrast the climate of the gaming industry across geographies, break down what physiological aspects and latent human desires which make certain games tick. It could be chasing emotions, status, or making progress along with the opportunities that we are primed to capitalize on based on the current landscape of the gaming industry.
#NikhilKamath Co-founder of Zerodha, True Beacon and Gruhas
Twitter: x.com/nikhilkamathcio/
LinkedIn: / nikhilkamathcio
Instagram: / nikhilkamathcio
Facebook: / nikhilkamathcio
#AnimeshAgarwal l - CEO of 8bit Creatives
Twitter: x.com/8bit_thug/
LinkedIn: / 8bitthug
Instagram: / 8bit_thug
#SeanHyunilSohn - CEO of Krafton India
Twitter: hisohn?lang=en
LinkedIn: / sean-hyunil-sohn-1670216
#JosephKim - CEO of Lila Games
Twitter : jokim1?lang=en/
LinkedIn: / jokim
Instagram: / jokim1
#NitishMittersain - CEO of Nazara Technology
Twitter: / mittersain
LinkedIn: / mittersain
Instagram: / nitishmittersain
Timestamps :
00:00 Introduction
0:40 - Nitish Mittersain Introduction
2:09 - What is Young President's Organisation (YPO)
5:15 - Nitish Mittersain Introduction Continued
7:00 - What do we Really think about listing a company? Pros and Cons
13:50 - Sohn’s Introduction: Life in South Korea
15:40 - Parallels between South Korean and Indian Societies
20:50 - What is an Esports Tournament?
21:35 - How did Sohn become Krafton India CEO?
24:35 - Why did Pubg get banned in India?
26:25 - Is the world becoming more fragmented?
29:40 - Indian Gaming ecosystem - Challenges & Opportunity
38:14 - Who is Joseph Kim? How did he get into Gaming?
42:25 - Animesh Agarwal / 8-Bit Thug Introduction
49:04 - How much do gamers/streamers earn in India?
55:20 - How should a 21 year old build a career in gaming?
58:28 - Where is Youth Spending Most time?
01:04:33 - How to target gaming crowd?
01:18:30 - What are Mid core, Casual, Hyper-casual Games?
01:23:20 - Monetising Game through In App Purchase vs Pay to Play
01:30:10 - What kinds of games succeed in India?
01:38:40 - Is the gaming industry failing?
01:41:40 - What’s working for Real Money Gaming?
01:53:06 - Games which will be relevant in 5 years?
01:57:15 - Building Game on Virtual Reality vs Augmented Reality
02:06:25 - What kinds of games succeed in India? Continued
02:15:42 - What are 5 Skill needed to make a game?
02:25:50 - Why is Gaming Design difficult in India?
02:30:30 - How to use Data Analytics in Gaming
02:32:50 - Advice from Animesh to start gaming
02:37:15 - WTFund
Joseph Kim is on different level in terms of market understanding and how effortlessly he is translating that info into simple words. Wow what a legend.
Major missed info from him on this pod is what kind of games work in India.
I am pretty sure Joseph felt like it was not worth joining this discussion panel.
Even when Nassir (Nasdaily) was a part of this podcast, one could easily observe the level of in depth knowledge, intellect and excellence in communication he had over other content creators.
Same with other international individuals ( Including NRIs working in US ).
And I think the flaw lies in our culture and education system, and I don't know how that's going to change, but if any core nationlist sees this, it is an initiative worth taking.
So very well spoken by Thug ❤ handled the tricky questions like a boss !! 🎉 thanks for representing us always ❤ thug 🚀
❤
2024 is the year of S8UL🚀🚀❤
+1
❤ S8UL 🚀🚀🚀
Willy payal se dur raha bkl
Joseph Kim has a vision and clarity of thoughts. He correctly mentioned all the nuances of gaming industry and rightly put forward where and what Indians are lacking at. Indeed a true visionary.
Hats off to Nikhil, another master piece ❤
here for Thug #S8UL
S8UL GOING AT THE SPEED OF ACTUAL SPACESHIP 🚀
Like Their Pendant 🙌🏻❤️
Abey ye bache kaha agye iss video k comments me 😂
Tum dogs se to acha hai 🥱 🐶@@stealthoverflow
@@gurubaxaniuday4884 beta padhai likhai kar jaake 😂
1 subscriber hai tera, koi career nahi hai isme.
Padhai likhai kar, D Class ki naukri milegi tab apne gareeb ma baap ka Sahara ban paega
@@stealthoverflow kisne kha mai subscribers ke liye betha hun 😂 abe sale already qualified CA hun 1.4 lakhs mahine ki job hai aur stock market vgera se 2 lakh aur kma leta hun tujse bhut achi life hai
Day 150 for asking WTF is manufacturing?
Ind / Acc 🚀🇮🇳
+1
You’re too poor for that
Bhai Jo bana Raha hai voh toh dekhle.
Bc yaha pe.. nikhil k podcast se hi sikhni hai manufacturing tujhe...etne dino me toh factory bana k manufacturing karna chalu kar deta tu
I gotta say Nikhil is an amazing person. Wonderful, humble, generous, and super charismatic. I (Joseph Kim- writing from my Gamedev YT channel) was and am super humbled to have been invited to such a great show. Just skimming through some of the comments here, I can see Nikhil has a really supportive community, and OMG Thug must be doing something really right to have such a huge and committed audience. Anyway, for some of you who wrote nice things about me... thank you guys. I'm used to doing super niche content for tiny audiences so it's cool to see so many people interested in gaming/gamedev content here.
Thanks for the insights
You shared some amazing insights into the gaming industry. I wish the podcast was longer!
He's a cheat lol
I don't know anything about gaming, but have watched the full video and was very much impressed with your insights and the deep knowledge you have in the industry
25:10 Nitish showing respect to thug for how he handled one of the dangerous question for BGMI.
Thug 🙇
+1
context
He handled it well.
This is why these ppl get invitation to speak in public… Thug showing his qualifications are not mere papers🤞🏼❤️
@@vijaysinghpatel3156hhhhh
As a gaming entrepreneur I agree with most of the points addressed by Joseph Kim. Gaming as a career choice has to be appreciated at an high school level.
Konsi field mai business krta hai bhai?
@@gurubaxaniuday4884 Google me
Waiting for a podcast on Space tech companies in India❤
Good idea. Defence too maybe and psu stock related maybe
Thug- The Visionaire🔥🚀🚀🚀
The fact that this long form podcast gets strong viewership shows that great content is always timeless. Also super helpful to see more Indians adopting to long form podcasts in the past year.
S8UL❤💙
That Nazara guy speaks so diplomatic answers. Not even a single question was answered to the point.
He cannot, as a owner of public company. Any share holder can take him to court including his opponents.
@@abhiwins123itna bhi kuch strict nahi hota bhai india hai china nahi 😅
@@anonymouswho2165hm tum bc pure corporate ko Indianise karo. "Idhar sab chalta hai"
@@anonymouswho2165spoken like a true Brokie
So good to see India Game Developer Conference ( IGDC ) being mentioned at 2:05:05 . Glad to see Industry veterans on the podcast.
Here for 8 the bit the great thug
He started with 1 cr allocation and everyone went silent after that 😅
What a gentleman he is, only nikhil allocated same amount of money
😂😂😂
Because as a listed company he can allocate his own money, and also as a gaming company he knows how many issues he is facing due to lack of talent in this sector
Can anyone please tell me how to apply? Where
This was THE epic moment! Massive Respect.
S8ul🚀
Next should be : WTF is fintech and WTF is Asset Management
I think they have covered the fintech òne
they have covered asset management as well
With no disrespect , the depth at which Joseph speaks, showcases the difference in intellect. Every hindsight he provides, is backed with accurate data and a strong explanation. If India could produce such intellects, be it any industry, we would be prospering at a rapid growth. Foundation plays a key role in developing a long term vision.
Thugwa s8ul ke fan se salam
Man i have never seen discussion on such level Joseph talking about lot of things its like a master class for many
i loved the part where they talked abt designers and artists who're getting paid less then their work worth and would love to see changes in that area as an artist myself thanks for this it was very knowledgeable and helpful
Welcome to the most insightful, psychologically twisting, and unpredictable podcast out there. 🎉
Here for Thug and S8uL! 🚀💙
Gotta give it to him Thug just handled questions like boss… Uplifting the Scene💪🏼🤞🏼❤️
This podcast is unique and different from usual one's, there's a lot to learn about the gaming industry. Kudos to thug he has worked hard to get to this forum ❤
Want manufacturing 😊❤😊❤😊
Soul Forever 🚀🚀🚀
As a fulltime designer and a avid gamer with more than 12k hrs, i can proudly say this was one of the best podcasts for my domains. Thanks Nik! Would love to fill out that application.
Nice! Where do you work bro?
I am 19 and “Just out of learning intent I am kind of in a dilemma whether or not take Nikhil’s questing attitude to be an essential part of learning or should we be more grounded with people who are well established and might provide us an opportunity. What’s your thoughts guys.
Thank you Joseph❤…..Everything you talked about was backed with examples and reality. Got to learn a lot from others as well🎉
Nice one Nikhil…..keep up with the curiosity driving in.
#S8ULOP
Thank you Nikhil for this channel. I still can't believe all these videos are for free. These videos are informative and provide a very good knowledge and ideas to people like me who are clueless or trying to find direction on what we want to do in life. Thank you.
This is one of the best content available for indian young people who want to consider career in gaming ! Thank you Nikhil for publishing this !
I love how Nikhil's trying to demystify game design down to its essence, not only with engines, platforms, and scripting languages, but also with the larger storyboard, streaming economics and actually generate something that an aspiring enthusiast can take away.
The podcast appeared to be heavily focused on mobile gaming, neglecting the broader gaming landscape in India. While mobile gaming may have a larger audience, it should not be the sole focus here when discussing the gaming industry in the country. Some people including me or I should say those with extensive gaming experience, may have anticipated a more comprehensive exploration of the true essence of gaming, which was lacking in the podcast. And I respectfully disagree with your point here ,Nikhil, did not even delve into the perspectives and experiences of dedicated gamers or the deeper significance of gaming. However, it is worth noting that the guest speakers, especially Kim, provided valuable insights into the Indian gaming community that even Indian gaming community may not have been aware of. Their knowledge and intellect deserves nothing but admiration and respect.
I invested in Nazara technologies in October 23 listening the news that Nikhil has invested in it. It has fell big 28% until now. So, just for the comment reader’s here please don’t invest blindly without doing any research of your own, like the mistake i made here.
You've certainly made a mistake that a rookie makes. But it is stupid to blame Nikhil over it because the guy didn't fake. He is still invested in it. He has a strategy and you don't. That is the problem.
@@yomamasohot6411 I’m not blaming anyone, just wanted to mention it so that no one else makes this mistake too.
Bro, if you played any game developed by nazara you will never invest in them. Look at their graphics. Pathetic. How are they going to compete in global level with no good games.
Damn this podcast goes so deep when they start talking about psychology of battle royale games
Being a gamer from my childhood - cant really relate to any game discussed in this episode - this is completely mobile oriented which makes sense in india
Yeah mobile is the go to for india
Most of india can't afford consoles or high end PCs
Yup we can't relate with things when we heard thing about CS or PS5.
Animesh has a very myopic view, unsurprising considering his forte.
But the others should have talked more about AA/AAA titles, Indies and the big forces in the game industry.EA and Ubisoft have had studios in India for longer than most of the panelists.
this podcast is for India only
If you are a real gamer(not mobile) then I feel like we are born in the wrong country. Mobile gaming has picked up in India because we are poor and cannot afford to pay for a PC/console or games. F2p android games are played by the youth who don't earn or earn little money. And if you are smart enough, you will realize because the income inequality is increasing, those poor people will never do well enough to ever transition into fully paid PC/ console gamers. India seems forever be doomed to be a f2p mobile gaming nation with poor RPU.
Joseph really have Very clear Future Vision. 1:17:56 I'm Listening Joseph and already on mission. This thing very few people understand. That future is Indie games.
S8UL 🚀
NOW I KNOW HOW THUG IS LEADING 8 BIT AND S8UL HE IS REALLY GOOD STORY TELLER
I think one of the future episode should be on anime industry, there's a big chunk of Indian young audience who consume anime a lot, even people who are over 30 or close to that , as we have seen animes like Dragon Ball, we 've grown watching that
Literally very big for eSports,
S8uL Op🚀
Thank you guys. Really valuable podcast . Lot of insight for an engineering student like me who love games, and want to make something in gaming in India.
Insightful as always.🎮
Loved the podcast!
S8ul ❤❤🚀🚀🚀🚀🚀🚀
Joseph's clarity and knowledge of his playing field is insane
Thx for bringing this episode, by far the episode that I enjoyed the most.
25:11 Nitish be like - Are baba yeh toh dhoti khol rha hai 😂
Thug 🧢🐐🚀🚀
Insightful like always ✨🎮
Thank you so much Nikhil and WTF team, it was another treat to watch. Learned a lot
would love to see a podcast on animation industry, as the anime form of entertainment is booming all over the world and it is still hasn't started in india in the form of production
After moving to US from India working in Tech, I noticed lot of small things & reason why we lack such expertise. In china if you see the education system teach lot of low level stuff like working with Kernel, Embedded basically systems programming. Whereas in India you want to go learn next big thing which is problematic cause you haven’t understand basics and you start working on abstraction & fancy things. This is the main problem, which translates to skill set, bubble up & it leads to not having kind of expertise industry expects. Translating to us not being able to produce quality software.
This guy is dropping podcasts longer then movies & I'm all up for it🩵
Then you haven't listened to Joe Rogan I suppose?
@@shortcinematicuniverse895 I’ve been a loyal listener of Joe Rogan’s podcasts as well. It’s just that pulling of something like it in INDIA requires some grit! :)
@@shortcinematicuniverse895 have been a constant listener of Joe Rogan’s podcasts as well. It’s just that doing something like it in India requires some grit!
@@shortcinematicuniverse895joe Rogan is boring and a shit talker
Nikhil at least has some useful conversation
The best part was the last part - "Doing something for the community"!
OG KAMATH 🎉
love from community 🎮
One of the best conversations.
Excellent primer ..thanks Nikhil ... especially with Nazara stock languishing..good time to read up abt it
Can relate to Mr Nitish. My niece (11 yrs old) and nephew ( 6 yrs) are so into Minecraft and Technogamerz. Also they like to watch their favourite streamers playing games. I think this is a substantial shift into the likes of today's younger generation compared to us millennials or even gen z.
To the point where Thug was saying that the world is moving towards shorts/reels culture, there's a seperate fanbase for podcasts these days, everyone's coming up with long durations of detailed podcasts of upto 2 to 3 hrs that clock pretty good views
Nikhil has done good homework on research he was asking on point question .... good thing to see that a person from financial field is here to know something about our gaming industry ... and respect for @8bitThug that how he answered the questions so cleaverly .
Joseph was literally monster in this podcast and I give a big thanks to joseph to share this knowledge ❤❤ love u Joseph
very amazing podcast. it was full of knowledge for gamers and game developers even for animators i would say and as a game developer i really gained some knowledge through this podcast. Thankyou All guys.
Highly insightful discussion💡. There is one area everyone kinda missed talking about. Will share later in the eve once I'm back...
Great podcast . S8UL FTW
Fantastic...
Joseph spitting facts the entire podcast 🔥
Hi Nikhil and WTF team,
I know its difficult but can you try to do a podcast with all brokerage firms? (Groww, Zerodha, 5Paisa, Angel one, Upstox)
I think if he does a podcast with them they can't come to the podcast because nikhil always gives warning to investors that you should spend all your money into trading and all he guides investors a lot but on the other hand companies like upstox, groww, angel one are only doing business that's why I think that's why they don't come to podcast
Exciting times for Indian gaming indeed! Huge congrats to Nazara for the listing! 🎮 However, as a first-time visitor to their website, I can't help but feel it's a bit underwhelming. A sleek upgrade could really elevate the experience and match the industry's exciting growth!
Such a nice content really loved watching this episode
It's crazy podcast , I really like it a lot❤❤❤
Thank you sir ❤
Joseph Kim made a perceptive observation; it's true that India is struggling to produce skilled talent and is plagued by mediocrity. I've noticed that many of my friends chase after substantial salaries rather than pursuing their passion for their craft, which is quite disheartening.
Sad but a true fact. We go after money first.
S8UL 💓💓💓💓💓💓
Great Episode!
Need one episode on Real Estate, Infrastructure sector.
Hey design colleges are there in india.. people from there have really strong foundations . colleges like nid and few iits like iitb and iitd . it will be a massive career option in upcoming years
thug op❤ s8ul op🚀
What an insightful podcast. Thanks for this.
learnt so much from this one. cheers man!!
Like me lot of other people are also asking for
“WTF IS MANUFACTURING”
Joseph Kim, what a guy! You gotta pick his brains to build something big in gaming
Depends on the school is the biggest flaw and root of the problem in india.
For the same amount of skill, a person can get paid 5 lakhs as well as 50 lakhs, this huge disparity is what leads to talent going outside india.
Thug the men with vision ❤
25:12 ...i can hear them saying nice answer....good save....thank you
Such a polite bunch of people - conversationalists of the highest order
A rare thing in India, isn't it?
A lot of people might not know
Especially those who are not into gaming
If you compare gaming with cricket in cricket if you are playing ranji trophy or and other similar event that's when you are getting paid it takes hardly 4 years for a 14 or 15 year old cricketer to play ranji or any other league and get paid a great price
BUT
while in gaming no one gives around 4 years if they don't get anything back which is okay and brings the bread in the house people in gaming want early succes and apart from that ranji player get payed a lot compared to an average esports player at that level and also in cricket if someone performs there is a probability that he will become famous but in gaming if u r not famous it's hard for you to earn money only 10 to 12 names will dominate here but then there will be lakhs waiting like one day it'll be our chance but it might not come so yeah the point of keeping a backup ready is really really correct coz if u are successful and loved one day it takes not even a second for the audience to bring you down and if u don't have audience u don't have money....
There is one word to describe what took you 2 paras, and that is 'ecosystem'.
Super informative Podcast 🙌🏻
Thug handled the questions so well🎉
Joseph is really damn good ,had become his fan
Thug op is collecting so much infos to make S8ul on top.🚀🚀🚀S8ul Army.
I cannot believe that today's age has made possible to record and share such information. Nikhil has been a great equalizer
Day 155 for asking WTF is manufacturing?
The real appeal of Ludo is its social aspect. People gather around one mobile device, making it more about relationships than the game itself. However, monetisation is challenging because players often play offline to avoid ads. In India, where people often gamble based on the game. Players can sometimes predict the game's randomness, leading to bets placed outside the game. This insight might help bring monetisation into the game.
this is bliss!!!
Very informative ❤ thankyou nikhil for all these informations
Lot of useful insights from Joseph
Mr. Kamath, I would love you to a do a WTF is Cinema in India, with some of the best filmmakers, film producers of India.
My pick would from be SS Rajamouli, Sanjay leela Bhansali, Farhan Akhtar/Ritesh Sidhwani, Vijay Kirgandur, Prashanth neel basically the people who balance art and the business......
Thug #S8ul #soul
8bit thug boss😎. ❤️🚀