Multiplatform media company IDN Media has acquired Indonesian esports website GGWP.ID, aiming to make it the “ESPN of e-sports”.
IDN chief executive officer Winston Utomo said in a press release: “We believe that the esports phenomenon has just begun. With GGWP.ID, we envision to create the biggest and most impactful esports company in the region for millennials and Gen Z.”
GGWP.ID will have four main business units targeting esports enthusiasts, event organisers, teams, and a multi-platform creative digital agency, run by founder and chief executive Ricky Setiawan and staffed by a team of 60.
IDN had series-C funding in January this year from EV Growth, a partnership by venture capitalists East Ventures, Indonesian conglomerate Sinar Mas and internet company Yahoo! Japan. Other investors include True Digital & Media Platform, a company under Thai conglomerate Charoen Pokphand, and Line Ventures, the corporate venture arm of mobile messaging app Line.
Esport-related businesses in Asia have been attracting interest by venture capitalist firms recently. In March this year EVOS Esports, an esports company in Indonesia, announced a series A funding round that raised $3.8m (€3.4m). In the same month, the investment arm of online transportation app Gojek invested $35.5m in Indian esport startup Mobile Premier League as well, according to reports in kr-asia.com.