Home Business Business Game Arcade Smaash Shuts, CEO Says "Failed To Save Company...": Report

Business Game Arcade Smaash Shuts, CEO Says “Failed To Save Company…”: Report

Business Smaaash Entertainment Centre offered popular pastimes like bowling, cricket, dance-off among others.New Delhi: Popular Indian gaming and entertainment centre operator Smaaash Entertainment is shutting down, according to an internal email and sources in the company, as few choose to hang out in its arcades amid surging coronavirus cases.The company, which has counted cricket legend Sachin Tendulkar as its brand ambassador for years, operates in more than 40 locations across 19 cities in India and used to be a popular hangout for urban teens and tweens before coronavirus lockdowns and fears forced them indoors.In a letter to the company’s employees dated September 15 and reviewed by Reuters, founder Shripal Morakhia said: “I am sorry that despite my best efforts I have failed in my efforts to save the company from its premature death.” The email did not give other details.Smaaash, which offered popular pastimes like bowling, cricket, dance-off and other games, did not get funding from investors, Shripal Morakhia said.He did not immediately respond to Reuters’ requests for comment on phone, email and LinkedIn.Smaaash’s shutdown comes just months after media reports said the company crossed Rs 3 billion in sales in 2019 about seven years after it opened its first outlet. The Economic Times had earlier reported about the closure of the company.(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
Read More

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

How can I tell the difference between the flu and COVID-19?

Last Updated : Oct 01, 2020 01:54 PM IST | Source: AP Body aches, sore throat, fever, cough, shortness of breath, fatigue and headaches are symptoms shared by the two. How can I tell the difference between the flu and COVID-19?It’s impossible to tell without a test. Influenza and COVID-19 have such similar symptoms, you…

Cardiac arrest common in sick Covid-19 patients

Photo for representational purpose only. iStock New York, October 1 Cardiac arrest is common in critically ill patients with Covid-19 and is associated with poor survival, particularly among patients aged 80 or older, say researchers. The findings, published in the journal The BMJ, could help guide end-of-life care discussions with critically ill patients with Covid-19…

Beware: Vitamin D deficiency can make you obese and lead to stunted growth

Vitamin D, or the ‘Sunshine Vitamin as it is also known as, is one of the essential nutrients that makes your bones and teeth stronger, wards off infections and diseases and keeps you cheerful. This fat-soluble vitamin can also bring down your risk of cancer, autoimmune diseases, heart disease and diabetes. But unfortunately, as many…

COVID-19 cases decline, deaths increase in Chandigarh as September ends

Naina MishraTribune News ServiceChandigarh, October 1 As September comes to an end, the Union Territory has started to witness a decline in the number of positive COVID-19 cases, and daily tests.  However, COVID deaths have increased with every passing week.  September has recorded 100 COVID-19 deaths whereas August reported only 39 deaths.  At least three…

Recent Comments