India, Sept. 1 -- Nazara Technologies-backed Moonshine Technology, which operated PokerBaazi, has started laying off its employees following the ban on real money gaming (RMG) in India.

Sources told Inc42 that the startup has started laying off employees and the number of impacted employees can go up to 50% of its workforce.

A separate report by Storyboard18 said that the creator of PokerBaazi has sacked 200 employees.

Inc42 has sent a questionnaire to Moonshine Technology on the development. The story will be updated on receiving the responses.

With this, Moonshine Technology has become the second startup to resort to layoffs following the ban on RMG. Earlier, it was reported that gaming unicorn MPL is also sacking about 60% of their...