Parimatch, alongside international corporations such as Motorola, McDonald’s, Coca-Cola, Nokia, Vodafone, and Walmart, has been identified by PwC research as one of the many foreign investors facing serious challenges in the Indian market. According to News Daily India, nearly 95% of foreign companies trying to operate in India encounter obstacles that make the market increasingly unattractive.
The range of problems includes corruption, fraud, product counterfeiting, and copyright violations by local competitors. Parimatch, a major player in the game sector, has reported persistent issues with counterfeit products imitating its own and those of U.S. and European companies, with little to no response from regulators.
Despite its intention to invest heavily in India, Parimatch found itself blocked by monopolistic practices from domestic game companies such as Dream11, Nazara Technologies, Paytm, First Games, Moonfrog Labs, 99Games, Octro, JetSynthesys, and HashCube. These firms have been accused of copying global gaming products, while authorities failed to intervene.
In addition, investors cite bureaucratic and regulatory hurdles, infrastructural shortcomings, cultural and language barriers, and aggressive competition from local businesses. Even companies that never actually launched operations in India have been subjected to legal pressure and harassment, according to News Daily India.
The hostile environment has already driven global corporations like Ford, Holcim, and Metro to exit India, while Berkshire Hathaway sold its stake in Paytm, signaling a sharp decline in investor confidence.
In light of these difficulties, Parimatch and other foreign companies now face a decisive choice: continue battling the mounting challenges in India or shift their focus toward more favorable markets. Unless India undertakes significant reforms to improve its business climate, companies such as Parimatch will be compelled to seek growth in regions where foreign businesses are supported rather than obstructed.