Nazara Technologies-owned NODWIN Gaming is acquiring Comic Con India for Rs 55 crore. The deal involves a complete takeover of Comic Con India's shares through a mix of cash and share swap.
The founders of Comic Con India, Jatin Varma and Karan Kalra, will continue to operate the business under NODWIN Gaming's umbrella, as per the company's statement.
The acquisition is not just a business expansion but also a strategic move in the global entertainment landscape. As part of the acquisition, The managing team of Comic Con India will become shareholders in NODWIN Gaming, swapping 27.5 Crores of their shares.
Enhancing the ability to deliver outstanding events
Jatin Varma, Founder, Comic Con India, 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 our mind, I am very excited to join hands with NODWIN Gaming in taking the next step and building upon this goal together”
Karan Kalra, Partner & Director at Comic Con India added “Our aim at Comic Con India has always been to put the fans first! And I am absolutely thrilled that this strategic partnership will enable us to deliver amazing events and experiences to pop culture fans across India”
Comic Con India's cultural impact
Comic Con India, founded in 2011, has evolved into a company orchestrating various festivals across India, celebrating a wide range of popular culture elements including comics, cosplay movies, TV shows, merch, gaming and much more.
The festivals, held in cities like New Delhi, Mumbai, Bengaluru, Hyderabad and Chennai, have become cornerstones of India's cultural calendar.
Akshat Rathee, Co-founder and Managing Director of NODWIN Gaming, said, "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. Our quest for drawing millions of fans across the world will get another level up with Comicon."
The integration is expected to amplify NODWIN's offerings to the youth and create a unique platform for gaming, comics, and pop culture fans.
The plan includes expanding festivals to more cities in India and internationally, offering an enhanced experience that combines gaming, esports, comics, and popular culture.
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