India, Aug. 31 -- All it took was 96 hours for a bill to become a law that would effectively wipe out the INR 20,000 Cr real money gaming industry in India.

In the consequent cacophony of job losses, uncertainty for founders and rush for a survival blueprint, resonate the woes of investors.

The real money gaming (RMG) industry has reportedly raised more than $2 Bn from venture capital firms with nearly 400 RMG startups collectively holding $15 Bn in investment value.

More than the shock, the investor community was shaken by its suddenness. "It was like a thunderbolt striking out of nowhere," a senior partner at a growth stage VC fund with top gaming companies in its portfolio shared, refusing to go on record in this volatile situation....