Nodwin Gaming Buys Comic Con India For Rs 55 Crore

Nodwin Gaming Buys Comic Con India For Rs 55 Crore

Nazara Technologies' gaming subsidiary, Nodwin Gaming, has successfully acquired Comic Con India, a leading organizer of pop cultural festivals in the country. The acquisition involves the purchase of 100% of Comic Con India's shares, with a valuation set at ₹55 crores. The deal was finalized through a combination of cash and a share swap amounting to Rs 27.50 crores.

Established in 2011 by founders Jatin Varma and Karan Kalra, Comic Con India has emerged as a key force in organizing pop culture festivals for youth nationwide. These vibrant festivals serve as inclusive platforms celebrating diverse elements of popular culture, spanning comics, cosplay, movies, television shows, merchandise, and gaming. The events have been held in major cities such as New Delhi, Mumbai, Bengaluru, Hyderabad, and Chennai. The acquisition by Nodwin Gaming underscores the strategic importance of uniting gaming and pop culture to enhance the overall entertainment experience.

Jatin Varma, Founder, Comic Con India, said, “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”

"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 Comic Con," commented Akshat Rathee, Co-founder and Managing Director, NODWIN Gaming.

This strategic move aligns with Nodwin Gaming's commitment to expanding its presence in the Indian gaming and entertainment landscape, creating new opportunities for both companies and their audiences.