Esports

Sports-tech market may grow by 85% to Rs 49,500 cr in 4 yrs: FIFS-Deloitte

Sports technology market in India, comprising apps, devices, sensors etc, are expected to grow by 85 per cent to Rs 49,500 crore in the next four years, a joint report by fantasy games body FIFS and Deloitte said on Thursday. The report estimates that India's sports-tech market generated Rs 26,700 crore in revenue in the financial year 2024 and is projected to grow at a compound annual growth rate (CAGR) of 13 per cent by FY'29. "India's sports technology ecosystem is at an inflection point, with the market projected to grow at a 13 per cent CAGR to Rs 49,500 crore by FY'29," Deloitte India, Partner, Prashanth Rao said. He said that the advent of digital technologies are not only providing data for enhanced athlete performance but is also creating immersive fan experiences, leading to increased multi-sport following across demographics and opening newer avenues of business and business-led collaboration "Fantasy Sports continues to be a key driver in this evolution, fostering deepe

GST on betting: Indian gaming industry faces tax demands by Feb 2025

While some firms have already received tax demands, gaming industry bodies are lobbying to prevent aggressive enforcement actions until the Supreme Court resolves the matter

Nazara Technologies' board approves five investments worth Rs 196 cr

Gaming and sports media firm Nazara Technologies' board has approved five investments worth Rs 196 crore, including 100 per cent acquisition of stake in Sportskeeda owner firm Absolute Sports, the company said in a regulatory filing on Monday. Of the total Rs 196 crore, Nazara will invest Rs 148 crore in existing subsidiaries, including Sportskeeda, Nodwin Gaming, and Datawrkz, to increase its ownership in them and support their growth. The company will invest Rs 69 crore to purchase shares arising from exercise of ESOPs from the Sportskeeda management to increase its stake to 100 per cent in the company, making it a wholly owned subsidiary. Nazara Technologies board approved investment of Rs 64 crore in its subsidiary Nodwin Gaming. The investment will be done through subscription of optionally convertible preference shares. The funds will support Nodwin's expansion, enhance its intellectual properties (IPs), and strengthen its footprint in emerging markets, according to the ...

Nazara Technologies up 6% on acquiring 15.86% stake in STAN for Rs 18.4 cr

The shares of Nazara Technologies surged after the company announced that it has acquired a 15.86 per cent stake in STAN for Rs 18.4 crore (or $2.2 million) in an all-cash secondary transaction.

Nazara subsidiary to fully acquire Freaks 4U Gaming in deal worth Rs 271 cr

E-sports and gaming company NODWIN will enhance its stake to 100 per cent in its European peer Freaks 4U in a share swap deal valued at around Rs 271 crore, the company said on Friday. Singapore-based NODWIN is a material subsidiary of Nazara Technologies, a company headquartered in Mumbai. "NODWIN Gaming International Pte has signed definitive agreements to increase its existing 13.51 per cent stake in Freaks 4U Gaming GmbH to 100 per cent in tranches through a share swap valued at up to Rs 271 crore (Euro 30.3 million)," the company said in a statement. NODWIN will initially increase its existing stake in Freaks 4U to 57 per cent. "The remaining 43 per cent held by the founders Michael Haenisch, Matthias Remmert and Jens Enders will be swapped at a later time at its option. Existing investors of Freaks 4U Gaming will become shareholders of NODWIN Pte," the statement said. Freaks 4U generated Rs 223 crore (Euro 26.9 million) revenue in 2023. NODWIN acquired a minority stake in F

'What KBC did for entertainment, sports will do for the digital ecosystem'

Sports commands appointment viewing at scale, making it a critical pillar for capturing a captive audience, especially in the realm of AVoD

Level up: India's gamers play to win with homegrown 'AAA' titles

Popular AAA games include titles like Minecraft, GTA 5, Call of Duty, and Fortnite, among others

Budget 2024: What do the online gaming and esports industries expect?

Interim Budget 2024: Online gaming and esports industries have had an eventful 2023 owing to the GST Council's decision to impose a blanket 28% tax. Here's what the industries expect in the Budget

Logging in: New career path as esports gain recognition in multisport event

It has been a year since esport was officially recognised as a multisport event in India. For many, it has since become a career option

BDO Restructuring Advisory re-invites bids for gaming company SMAAASH

The Corporate Debtor (SMAAASH) has been involved in ongoing litigations, especially in connection with the trademarks and other brand content

Asian Games 2023 September 29 schedule: India event timings, streaming

India will hope for a rich medal haul from the athletics contingent who will begin their campaign on Friday, Day 6 of the Asian Games 2023. Saketh Myeneni and Ramkumar Ramanathan will play for gold

Asian Games Day 4 Highlights: Shooters push India's medal tally to 22

Asian Games 2023 Highlights, Day 4: Trio of Manu Bhaker, Esha Singh and Rythm Sangwan won Gold in 25m Air Pistol team event while Sift Samra did it in 50m Rifle 3 pos. India's medal tally reaches 22

Asian Games: Esport, Indian League of Legends team bow out in quarters

India's DOTA 2 team will begin their campaign against Kyrgyzstan and the Philippines in their opening group stage games on September 29

Govt may shelve self-regulation plan if egames majors dominate SRBs

SRBs must have experts in education, psychology, and child rights, according to government

Asian Games 2023 Day 1 Highlights: India bag 5 medals in rowing, shooting

Asian Games 2023 Day 1 Highlights: The Indian team won five medals in rowing and shooting while it secured a medal by qualifying for final in women's cricket

Esports at Asian Games 2023: Who are India's medal hopes at Hangzhou?

Esports makes its debut at the Asian Games as a medal sport after being played as a demonstration sport in the 2018 Jakarta-Palembang

19th Asian Games: Tencent at the wheel, esports gets its biggest moment

Company executives and government officials are counting on esports as an instrumental part of their post-Covid comeback

Asian Games 2023: Indian Esports team grabs top seed, begins campaign in QF

India were seeded directly into the quarterfinals in League of Legends E-sports event, while they will begin their campaign from the round of 32 in two other sections in the Asian Games. India will compete in four of the seven events in the E-sports which will be making its full-fledged debut as an official medal sport at the Hangzhou showpiece. Having dominated the Central and South Asia seeding event and clinching the top-seed, Indian team have gained a direct entry into the quarter-finals in League of Legends event. The Indian League of Legends team is represented by captain Akshaj Shenoy (Kai), Samarth Arvind Trivedi (CrankO), Mihir Ranjan (Lotus), Sanindhya Malik (Deadcorp), Aakash Shandilya (Infi) and Aditya Selvaraj (Krow). In FC Online-4, Charanjot Singh (Charanjot12_) secured top seed, while his teammate Karman Singh (tikkatown) clinched fifth seed. Due to their seeding advantage, both athletes will kick off their campaigns from the last-32 stage with Charanjot squaring o

Garena's Free Fire to return to India from Sep 5 as govt revokes ban

Esports company Garena will restart Free Fire online games in India from September 5 after the government revoked the ban on the app. Garena's Free Fire app was removed from Google Play Store and Apple's App Store after the government banned it in February 2022. The company on Thursday said that the app will be available for download from September 5. "India is home to very passionate communities of esports enthusiasts and we are excited to be able to support our fans from Bharat with the launch of Free Fire India. We look forward to providing an engaging and highly localised experience for Indian users," Garena Co-Founder Gang Ye said in a statement. Garena also unveiled Indian cricketer MS Dhoni as the new brand ambassador for Free Fire India. "He (Dhoni) will be celebrated as the first Indian sportsperson to be featured in-game as a playable character, 'Thala'. Dhoni will be joined by other leading sportspersons, such as football captain Sunil Chhetri, badminton champion Saina

Tribe of e-sports players is burgeoning as games become real career option

They also provide an identity and a sense of belonging