India is transforming its entrepreneurial landscape to stay true to its futuristic ambitions. There is a favorable milieu for startups to thrive. India is currently home to 115 unicorns with a total valuation of $ 340.79 billion. Remember, just five years ago, India had only 14 unicorns. Today, according to a report by IVCA-Bain & C, India has topped China for the second time in a row by creating 23 unicorns in 2022, taking the total number of such high-value companies to 96, as against China’s 11 in the year.

However, with an increasing number of startups that highly engage the prevailing hybrid work culture, it’s a perfect milieu for cyber attackers to thrive. While the

exponential growth of the internet and cloud and IT industry became a silver lining to the pandemic, the cyber attackers unleashed themselves on this opportunity, and the consequences were catastrophic. Startups need to protect their IP more than ever before, not to mention India’s rapidly changing compliance landscape, as the country is getting settled in a digital economy.

The online gaming industry, where startups thrive, is a case in point. As per the new draft amendments, the online gaming intermediaries must first register with the concerned self regulatory body and display the certificate of such registration on their website, mobile-based application, or both before hosting, publishing, or advertising an online game. The gaming portal will be given three months to adhere to the new registration rules from the commencement of the Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Amendment Rules. We have neither forgotten the tug-war between Twitter and the Indian government. It is imperative that you build a safer compliance atmosphere around your business by securing the services of an expert attorney. This issue will guide you in that direction.