Nodwin Gaming Acquires 100% Stake in Comic Con India For ₹55 Crore

Author

Moin Khot

Date

Jan, 25.2024

Nodwin Gaming has seized the spotlight by acquiring Comic Con India, the renowned host of diverse pop-cultural festivals in India. This acquisition not only propels Nodwin Gaming onto the global entertainment stage but also significantly enriches its ever-expanding portfolio. The transaction, valued at an impressive Rs 55 crore, grants Nodwin Gaming a complete 100% stake in Comic Con India.

Nodwin Gaming Takes Over Comic Con India 

The transfer of authority is slated to transpire within the next 90 days, marking a seamless transition facilitated through a combination of cash and share swaps. Jatin Varma and Karan Kalra, the visionary founders of Comic Con India, will continue to spearhead the enterprise but now under the banner of Nodwin Gaming.

Jatin Varma, the Founder of Comic Con India, conveyed his enthusiasm regarding the collaboration, emphasizing a mutual commitment to nurturing and celebrating popular culture. He mentioned that for more than a decade, they had dedicated themselves to establishing a unique space in India for promoting and celebrating popular culture. He expressed that joining forces with Nodwin Gaming enabled them to take the next step in building upon this goal together.

This strategic alliance aims to propel the Comic Con festival into new frontiers, extending its reach to more cities and captivating a broader audience of gamers, comic enthusiasts, and pop culture aficionados. Akshat Rathee, Co-founder and Managing Director of Nodwin Gaming, welcomed the managing team of Comic Con India as partners and shareholders, citing their trust in Nodwin Gaming's vision as a driving force.

Rathee expressed their excitement at welcoming the managing team of Comic Con India as partners and shareholders in NODWIN Gaming. He pointed out that their trust in their vision reinforced their commitment to expanding their entertainment offerings. Additionally, he underscored the potential for the integration of Comic Con India to diversify Nodwin's offerings, with a specific focus on engaging the youth in India.

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This deal not only adds a robust and scalable intellectual property to Nodwin Gaming but also sets the stage for an inclusive and exciting year ahead. As Comic Con India gears up to unfold its magic in new cities, the collaboration promises an immersive experience for those encountering the festival for the first time.