NODWIN Gaming has acquired Comic Con India, which hosts multiple pop cultural festivals targeting youth in India.
As part of this transaction, NODWIN Gaming will acquire 100% of the shares of Comic Con India at a valuation of Rs 55 crore through a combination of cash and share swap from the co-founders of Comic Con India – Jatin Varma and Karan Kalra.
Both co-founders will continue and remain to operate the business as part of NODWIN Gaming.
In March 2021, Nodwin Gaming had raised Rs 164 crore from Krafton, the developer of PUBG Mobile.
With this acquisition, the managing team at Comic Con India will also become shareholders in NODWIN Gaming by swapping Rs 27.5 crores of their Comicon India shares with NODWIN shares.
Founded by Jatin Varma and Akshat Rathee, Comic Con India has evolved into a company hosting various festivals across India, celebrating a wide range of popular culture elements including comics, cosplay movies, TV shows, merch, gaming and more. The festivals, held in cities like New Delhi, Mumbai, Bengaluru, Hyderabad and Chennai.
The integration of Comic Con India into NODWIN Gaming’s fold is set to create a unique platform for gaming enthusiasts, comic fans, and pop culture aficionados. The plan is to expand the number of festivals and extend their reach to more cities across India and other.