NODWIN Gaming Expands Global Reach With Comic Con India Deal

EE News Desk Jan 24, 2024

As per media reports, NODWIN Gaming, a player in South Asia's esports and gaming sector, has successfully procured Comic Con India, a firm recognised for organising various pop cultural festivals in the country. This strategic acquisition not only brings diversification to NODWIN Gaming's portfolio but also signifies a notable expansion within the global entertainment landscape.

Under the terms of the acquisition, NODWIN Gaming will obtain 100 per cent ownership of Comic Con India by purchasing its shares at a valuation of Rs 55 Crore. The transaction will involve a combination of cash and a share swap from Comic Con India's founders, Jatin Varma and Karan Kalra. Additionally, the managing team of Comic Con India will transition into becoming shareholders through the exchange of 27.5 crores of their company shares for NODWIN shares.

Jatin Varma, Founder, Comic Con India mentioned, “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 stated, “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, pointed out, "We are thrilled to welcome the managing team of Comic Con India as partners and shareholders in NODWIN Gaming. Our quest for drawing millions of fans across the world will get another level up with Comicon."

NODWIN Gaming is set to integrate Comic Con India into its diverse portfolio, creating a dynamic platform catering to gaming enthusiasts, comic aficionados, and pop culture fans. This strategic initiative is designed to reshape the landscape of the entertainment industry, breaking through geographical and cultural confines to provide a unique experience for a broader audience.