nCore Games has invested $1 million in Newgen Gaming, a gaming startup that competes in the esports market under the name Penta Esports. Industry veterans Anurag Khurana, Kiran Noojibail, Akshay Paul, and Krishanu Ghosal launched Newgen Gaming back in 2021. Along with other event IPs like the Penta Invitational, Penta Cup, and Penta Challenge, Penta Esports has created its grassroots league dubbed the Penta Amateur League and the Penta Collegiate League for schools and universities. 

 The greatest teams from throughout the world participated in the corporation's most recent IP, the Penta Pro Series, an official Valorant Off-Season tournament. The company also possesses a number of content IPs and wants to introduce more. Newgen Gaming will expand its activities in South Asia, the Middle East, and North Africa with the funding it has received.

Anurag Khurana, Newgen Gaming founder, and CEO  said, “Our goal when we founded Newgen Gaming was to democratize gaming in India. We'll be swiftly expanding and giving players and spectators throughout the region more possibilities and experiences. We're thrilled that nCore Games helped us raise this round of funding. For as long as I can remember, Vishal and I have shared a vision for expanding the gaming sector. This partnership will be our first significant move together.”

Vishal Gondal, nCore Games co-founder said, “As we set out to build a full-stack gaming ecosystem, Newgen Gaming will be an integral part. Esports event management and fan engagement are set to become key growth drivers for the industry, and we look forward to tapping into Newgen Gaming’s expertise in this area as we build out India’s #1 gaming platform.”

By making this investment, nCore Games will have access to a large community of esports participants and spectators as well as exclusive intellectual assets producing content, such as Esports in 5, 1v1, Koffee with Kiran, and others. With this capital injection, Penta Esports will be able to take advantage of its rapid development and momentum.

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