Nodwin Gaming to acquire Comic Con India for Rs 55 crore

Nodwin Gaming has taken a significant step by acquiring Comic Con India.

The acquisition not only diversifies Nodwin Gaming's youth portfolio but also marks a strategic expansion in the global entertainment landscape, as per the company statement.

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 founders of Comic Con India - Jatin Varma and Karan Kalra. They will continue to operate the business as part of Nodwin Gaming.

The managing team at Comic Con India will also become shareholders in Nodwin Gaming by swapping 27.5 crores of their Comicon India shares with Nodwin shares.

Varma 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”

Kalra said, “Our aim at Comic Con India has always been to put the fans first! And I am absolutely thrilled that this strategic partnership will enable us to deliver amazing events and experiences to pop culture fans across India”

Akshat Rathee, Co-founder and Managing Director, Nodwin Gaming, said, "We are thrilled to welcome the managing team of Comic Con India as partners and shareholders in Nodwin Gaming. Their trust in our vision reinforces our commitment to expanding our entertainment offerings. 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 Comicon."

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