By Emre Bilginoglu, Attorney-at-Law, Istanbul, Turkey
Nazara Games, a mobile content platform provider and games publisher, has acquired a 55 percent stake in Indian Nodwin Gaming, an E-Sports company.
Nazara is backed by Westbridge Capital, a well-known Indian venture capital firm.
Although India has, at present, a comparatively small interest in E-Sports with around 5 million players and followers, market researchers expect the sport to grow more than five-fold in the coming years.
Nodwin currently manages the prestigious gaming events held in India; therefore, the investment seems to be spot on.
As mentioned, E-Sports is most likely to grow in India, which is one of the fastest growing major economies; second most populated country in the world; and the world’s sixth largest economy by nominal GDP.
Thus, E-Sports continues its geographical expansion in an interesting and developing market, with a bright future.
Emre Bilginoglu, who is also admitted to practise Law in the State of New York, USA, may be contacted by e-mail at ‘email@example.com’