NODWIN Gaming Elevates Entertainment Portfolio with Acquisition of Comic Con India

• ByStartupStory     |    January 24, 2024

NODWIN Gaming, a leading force in South Asia’s esports and gaming industry, has achieved a significant milestone by acquiring Comic Con India, renowned for hosting diverse pop cultural festivals that captivate the youth in India. This strategic move not only broadens NODWIN Gaming’s youth-focused portfolio but also signifies a substantial expansion in the global entertainment arena.

Under the terms of the transaction, NODWIN Gaming will acquire 100% of Comic Con India’s shares at a valuation of INR 55 Crore. The acquisition will be executed through a combination of cash and share swap from the founders of Comic Con India, Jatin Varma and Karan Kalra, who will continue to operate the business as part of NODWIN Gaming.

What makes this acquisition noteworthy is that the managing team at Comic Con India will become shareholders in NODWIN Gaming by exchanging 27.5 Crores of their Comic Con India shares for NODWIN shares. This decision reflects their confidence in NODWIN Gaming’s vision and future strategy.

Jatin Varma, Founder of Comic Con India, expressed his excitement about the collaboration, stating, “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 & Director at 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.”

Comic Con India, established in 2011, has evolved into a company orchestrating various festivals across India, celebrating diverse popular culture elements such as comics, cosplay, movies, TV shows, merch, gaming, and more. These festivals, held in cities like New Delhi, Mumbai, Bengaluru, Hyderabad, and Chennai, have become integral parts of India’s cultural calendar.

Akshat Rathee, Co-founder and Managing Director of NODWIN Gaming, commented on the development, stating, “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.”

The integration of Comic Con India into NODWIN Gaming’s fold is poised to create a unique platform for gaming enthusiasts, comic fans, and pop culture aficionados. The plan includes expanding the number of festivals and extending their reach to more cities across India and other countries, tapping into new markets and audiences.

This strategic move by NODWIN Gaming is set to redefine the entertainment industry, making it a global phenomenon that transcends geographical and cultural boundaries. Fans can anticipate an enhanced experience with a broader array of events celebrating the intersection of gaming, esports, comics, and popular culture.

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