You are here: Home » Current Affairs » News » Sports
Business Standard

Chris Gayle invests in Indian gaming start-up IONA Entertainment

He also said India is his top priority in terms of investment destinations

Press Trust of India  |  Bengaluru 

Chris Gayle, RCB, Virat Kohli, Shane Watson
Royal Challengers Bangalore skipper Virat Kohli, Shane Watson and Chris Gayle during an event in Bengaluru.

Swashbuckling opening batsman has invested an undisclosed amount in Entertainment to bring one-stop entertainment to Indian fans, which includes state-of-the-art virtual gaming.

Speaking to reporters here, Gayle said he is a family man and loved to be associated with IONA, which is a family-oriented with potential to grow into a big


He also said India is his top priority in terms of destinations and wanted to invest as many businesses as possible.

Iona, at present, has one 70,000 square-feet gaming venue at Virginia Mall here.

It had raised an initial round of funding from Singapore-based

Replying to a query, CMD at Virginia Mall Company B Ramaswamy said has chalked out a Rs 200-crore expansion plan in the first phase.

"Rs 200 crore is just a phase one We need toinvest more, and partners coming in like and further strengthens our brand in the quest to become a global player," she said.

Asked what percentage of Rs 200 crore has Gayle invested in the venture, Ramaswamy said, "I have two answers for that. One is cannot be valued. Two, the brand is young, for we had launched the brand just about a month ago." Ramaswamy said the company is still in talks with Gayle and other stakeholders about modalities.

"Lot of paperwork, valuations among other things needs to be workedout. We will come back on it once all the modalities arefinished," she said.

Founder Subramanian said the company has big plans and intend to set up gaming zones in different parts of the country and make its presence felt abroad.

"We are planning to expand pan-India and by the end of the year, we are looking at having five more centres in India and two abroad," he said.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Fri, July 14 2017. 02:57 IST
RECOMMENDED FOR YOU