In a strategic move aimed at capturing the vibrant landscape of pop culture in India, NODWIN Gaming has successfully acquired Comic Con India, marking a significant milestone in the gaming and entertainment industry. The acquisition, valued at Rs 55 crore, includes a combination of cash and share swaps from Comic Con India’s co-founders, Jatin Varma and Karan Kalra.
Under the terms of the deal, NODWIN Gaming will now hold 100% of the shares of Comic Con India, while Varma and Kalra will continue to lead and operate the business within the NODWIN Gaming framework. This acquisition comes from NODWIN Gaming’s successful funding round in March 2021, where they secured Rs 164 crore from Krafton, the developer behind the popular PUBG Mobile game.
As a part of the integration, the managing team at Comic Con India will become shareholders in NODWIN Gaming by exchanging Rs 27.5 crores worth of their Comic Con India shares for NODWIN shares. This collaboration aims to synergize the strengths of both entities and create a powerhouse platform for gaming enthusiasts, comic fans, and pop culture aficionados alike.
Founded by Jatin Varma and Akshat Rathee, Comic Con India has played a pivotal role in fostering a community that celebrates various elements of popular culture, including comics, cosplay, movies, TV shows, merch, and gaming. The festivals organized by Comic Con India have become iconic events in major cities like New Delhi, Mumbai, Bengaluru, Hyderabad, and Chennai.
The strategic vision behind this acquisition is to expand the footprint of Comic Con festivals across India and beyond. By leveraging NODWIN Gaming’s expertise in the gaming industry, the plan is to introduce more festivals and extend their reach to new cities, creating an unparalleled experience for enthusiasts across the subcontinent.
The amalgamation of Comic Con India into the NODWIN Gaming family not only signifies a convergence of gaming and pop culture but also paves the way for innovative collaborations and engaging experiences. As the entertainment landscape continues to evolve, this acquisition positions NODWIN Gaming as a key player in shaping the future of India’s gaming and pop culture scene. Exciting times lie ahead for gaming enthusiasts and pop culture fans as they can anticipate a fusion of the best of both worlds under the umbrella of NODWIN Gaming.
