Indian esports and gaming company NODWIN Gaming has acquired Comic Con India.
As part of this transaction, NODWIN Gaming will acquire 100% of the shares of Comic Con India at a reported valuation of ?55 crore through a combination of cash and share swap from the founders of Comic Con India, Jatin Varma and Karan Kalra, who will continue in their roles and operate the business as a part of NODWIN Gaming.
This acquisition sees the managing team at Comic Con India also become shareholders in NODWIN Gaming by swapping ?27.5 crore of their Comic Con India shares with NODWIN shares.
The integration of Comic Con India into NODWIN Gaming’s fold is set to create a unique platform for gaming enthusiasts, comic fans and pop culture aficionados alike. The plan is to expand the number of festivals and extend their reach to more cities across India and other countries, thus tapping into new markets and audiences.
Jatin Varma, Founder, Comic Con India, commented:
“For more than a decade, we have worked tirelessly to build a unique space in India for promoting and celebrating popular culture. And with that goal in our mind, I am very excited to join hands with NODWIN Gaming in taking the next step and building upon this goal together.”
Karan Kalra, Partner and Director, Comic Con India, added:
“Our aim at Comic Con India has always been to put the fans first! And I am absolutely thrilled that this strategic partnership will enable us to deliver amazing events and experiences to pop culture fans across India.“
Akshat Rathee, Co-founder and Managing Director, NODWIN Gaming, said:
“We are thrilled to welcome the managing team of Comic Con India as partners and shareholders in NODWIN Gaming. Their trust in our vision reinforces our commitment to expanding our entertainment offerings. Integration of Comic Con India will amplify and diversify the offering of NODWIN to all opportunities that target the youth in India. With the continued intersection of Gaming/ Pop Culture/ esports into one interactive entertainment sector, Nodwin will add a strong and robust IP that is scalable both in India and Internationally. Our quest for drawing millions of fans across the world will get another level up with Comicon.“
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