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Sector Thesis·3 min read·Week 25

Gaming Hardware + Software: Where India's Real Margins Live

India's gaming market hit $2.2B in 2023, but software-only plays compress margins ruthlessly. Winners integrate hardware capture—phones, controllers, peripherals—with software lock-in. This defensibility mirrors how India Stack bundled identity, payments, and data.

ByAmit Tyagi·Fitoor Capital
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Amit Tyagi

Founder, AletheiaAI & GP, Fitoor Capital

Veteran of India's startup ecosystem. Writing about fundraising, investor psychology, and what it takes to build fundable startups in India.

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#gaming#hardware-software#margins#india-stack

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Gaming Hardware + Software: Where India's Real Margins Live · Aletheia Insights