NODWIN Gaming Acquires Comic Con India, Extending its Reach in the Entertainment Industry

by John Nowacky
in *EN, News-PL
on 24 stycznia 2024

In a groundbreaking move, NODWIN Gaming, a prominent player in the esports and gaming industry in South Asia, has acquired Comic Con India, a renowned company known for organizing numerous pop cultural festivals across the nation. This strategic acquisition not only expands NODWIN Gaming’s portfolio but also marks a significant step towards global growth in the entertainment landscape.

Under the deal, NODWIN Gaming will obtain 100 percent of Comic Con India’s shares at a valuation of ₹55 crore through a cash and share swap with the company’s founders, Jatin Varma and Karan Kalra. Additionally, the managing team of Comic Con India will also become shareholders by exchanging 27.5 crores of their shares with NODWIN shares.

This acquisition signifies a synergy of two forces in the entertainment industry, creating new possibilities and prospects for both entities. With a shared vision of promoting and celebrating popular culture, the partnership between NODWIN Gaming and Comic Con India paves the way for innovative events and experiences across India, catering to the growing fan base of gaming, comics, and pop culture.

The founder of Comic Con India, Jatin Varma, expressed his enthusiasm about the collaboration, stating, „We have dedicated over a decade to establishing a unique space in India that promotes and celebrates popular culture. With this alliance, we are thrilled to join forces with NODWIN Gaming to take a collective step towards advancing this mission.”

Karan Kalra, partner and director at Comic Con India, echoed Varma’s sentiments, expressing his excitement about the strategic partnership that will enable them to deliver unforgettable events and experiences to pop culture enthusiasts across the nation.

Akshat Rathee, co-founder and managing director of NODWIN Gaming, voiced his delight in welcoming the Comic Con India team as partners and shareholders, emphasizing that this collaboration will elevate their quest to engage millions of fans globally.

NODWIN Gaming’s plan to incorporate Comic Con India into its existing portfolio demonstrates their commitment to providing a platform that caters to the diverse interests of gaming enthusiasts, comic fans, and pop culture enthusiasts. By transcending geographical and cultural boundaries, this strategic move aims to redefine the entertainment industry and create new avenues for creativity and fan engagement.

FAQ

1. What is the recent acquisition made by NODWIN Gaming?
NODWIN Gaming has recently acquired Comic Con India, a company known for organizing pop cultural festivals in India.

2. What is the valuation of the acquisition deal?
The deal values Comic Con India at ₹55 crores.

3. How will the acquisition be carried out?
NODWIN Gaming will obtain 100 percent of Comic Con India’s shares through a cash and share swap with the company’s founders. The managing team of Comic Con India will also become shareholders by exchanging shares with NODWIN shares.

4. What are the benefits of this acquisition?
The acquisition brings together NODWIN Gaming’s presence in the gaming industry and Comic Con India’s expertise in organizing cultural festivals, creating new possibilities and prospects for both entities. It also paves the way for innovative events and experiences catering to the growing fan base of gaming, comics, and pop culture in India.

5. How do the founders of Comic Con India feel about the acquisition?
The founder of Comic Con India, Jatin Varma, expressed enthusiasm about the collaboration and the opportunity to advance their mission of promoting and celebrating popular culture in India. Karan Kalra, partner and director at Comic Con India, also expressed excitement about the strategic partnership.

6. What is NODWIN Gaming’s goal with this acquisition?
NODWIN Gaming aims to provide a platform that caters to the diverse interests of gaming enthusiasts, comic fans, and pop culture enthusiasts by incorporating Comic Con India into its existing portfolio. This collaboration is expected to elevate their engagement with millions of fans globally.

Definitions:

1. NODWIN Gaming: Prominent player in the esports and gaming industry in South Asia.

2. Comic Con India: Company known for organizing pop cultural festivals in India.