Nodwin Gaming has recently disclosed its complete acquisition of Comic Con India, with a total transaction value of INR 55 crore. The deal, structured through a combination of cash and share swap, involves founders Jatin Varma and Karan Kalra continuing their roles within Nodwin Gaming.
Established in 2011, Comic Con India organizes diverse festivals across the country, encompassing comics, cosplay, movies, TV shows, merchandise, and gaming. The founders of Comic Con India, Varma, and Kalra, will also become shareholders in Nodwin Gaming by exchanging INR 27.5 crores of their Comic Con India shares.
Comic Con India, having successfully built a distinctive space in India for promoting and celebrating popular culture over the past decade, is now set to embark on a new chapter through its collaboration with Nodwin Gaming.
Jatin Varma expressed his excitement about joining forces with Nodwin Gaming, emphasizing the shared goal of advancing the celebration of popular culture in India. Meanwhile, Karan Kalra highlighted the commitment of Comic Con India to prioritizing the fans and expressed enthusiasm for the strategic partnership, anticipating the delivery of exceptional events and experiences for pop culture enthusiasts across the country.
Nodwin Gaming, the acquiring entity in this deal, has welcomed the managing team of Comic Con India as partners and shareholders. Co-founded and managed by Akshat Rathee, Nodwin Gaming expresses its thrill in integrating Comic Con India into its fold. Rathee underlines the company’s commitment to expanding entertainment offerings and sees the acquisition as a strategic move to diversify and amplify Nodwin‘s reach.
As gaming, pop culture, and esports continue to intersect in the interactive entertainment sector, the addition of Comic Con India brings a robust and scalable intellectual property (IP) to Nodwin Gaming, with the potential for both national and international expansion. The collaboration aims to draw millions of fans worldwide, enhancing Nodwin‘s presence in the global gaming and entertainment landscape.
Co-Founder of Nodwin Gaming Akshat Rathee commented about this deal:
Integration of Comic Con India will amplify and diversify the offering of Nodwin to all opportunities that target the youth in India. With the continued intersection of Gaming/ Pop Culture/ esports into one interactive entertainment sector, Nodwin will add a strong and robust IP that is scalable both in India and Internationally.
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.
Akshat Rathee
Founder of Comic Con India Jatin Varma also commented about this deal:
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.
Jatin Varma
About Nodwin Gaming And Comic Con India
Nodwin Gaming is the developer of esports and gaming applications based in Gurugram, India. The company offers the esports scene and competitive gaming as well as offers services such as joint IPS, content production, talent management, sponsorship, and brand integration.
Comic Con India (CCI) is a series of annual comic-based conventions held in India. The first CCI was held in 2011 in New Delhi and over the years has expanded to other major cities in India such as Mumbai, Bangalore, Pune, Hyderabad, and Ahmadabad. Jatin Varma is the founder & managing director of Comic Con India.
Source: Campaign India
