Nazara snaps up majority stake in Indian esports company

Mumbai-based Nazara Technologies has acquired a majority stake in Indian esports company Nodwin Gaming.

Nodwin, which was established in 2014, has relationships with a series of global gaming publishers, including the ESL, Turtle Entertainment and Valve.

Through these partnerships, Nodwin has created localised content and events around global competitions, such as ESL One, ESL Pro League, Intel Extreme Masters and the International by Valve.

Nazara, which has snapped up a 55-per-cent stake in Nodwin, will operate the latter as an independent subsidiary.

Nazara already has investments in the Next Wave Multi Media, Mastermind Sports, Moong Labs and Hala Play mobile gaming companies.

“Through this acquisition we aim to provide Indian esports enthusiasts a robust player and community-orientated esports ecosystem, in which players can thrive, improve their skills and become top competitors at an international level,” Nazara chief executive Manish Agarwal said.

According to Frost & Sullivan and Newzoo, a research company that focuses on studying the esports sector, India’s esports market is currently relatively small, with an estimated two million committed fans and two million occasional viewers. However, the research companies claim that those figures will increase more than five-fold by 2021.