Mumbai: NODWIN Gaming the esports and gaming industry in South Asia, has successfully acquired Comic Con India, a renowned company celebrated for organizing numerous pop cultural festivals across the country. This strategic acquisition not only broadens NODWIN Gaming's portfolio but also signifies a significant expansion into the global entertainment landscape.
NODWIN Gaming will acquire 100 per cent of Comic Con India's shares at a valuation of Ra 55 crore through a cash and share swap from its founders, Jatin Varma and Karan Kalra. The managing team will also become shareholders by swapping 27.5 Crores of their Comicon India shares with NODWIN shares.
Comic Con India founder Jatin Varma stated “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 mind, I am very excited to join hands with NODWIN Gaming in taking the next step and building upon this goal together”.
Comic Con India, partner and director Karan Kalra added “I am thrilled that this strategic partnership will enable us to deliver amazing events and experiences to pop culture fans across India”.
NODWIN Gaming co-founder and managing director Akshat Rathee stated, "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 plans to expand Comic Con India into its portfolio, to offer a platform for gaming enthusiasts, comic fans, and pop culture enthusiasts. The strategic move aims to redefine the entertainment industry, transcending geographical and cultural boundaries.