Technology and Internet
Gaming piques investors’ interest this year
27 May 2021
Last year's investments in existing and new gaming companies have stirred the gaze of investors on the gaming industry this year. The gaming sector in India attracted $544 million in investments during the August 2020-January 2021 period, and this is set to double over the next 12-18 months, anticipating a huge growth of the gaming industry in the immediate future. The neoteric curiosity among the investors is deciphered through the recent investments which include $225 million investment in Dream11 (September 2020), $90 million in the Mobile Premier League (November 2020), and $68 million in Nazara Technologies (January 2021). 
Besides, Nazara’s subsidiaries – Nodwin Gaming and HalaPlay, raised fundings from Krafton and Milan Ganatra respectively. Adman Sajan Raj Kurup, Creativeland Asia’s founder, acquires a 40 per cent stake in a start-up Revenant Esports. Kwalee, a UK-based game developer and publisher, is all set to pump $30 million investment in its India operations over the next five years. There has been an increased cross-border interest in mergers and acquisitions and there are indications that multiple companies could achieve unicorn status in the next one to two years, as per the recent report on Indian gaming by Maple Capital Advisors Private Limited.

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