Zerodha co-founder Nikhil Kamath’s WTFund and Nazara Technologies pledged a joint investment of Rs 2 crore in two emerging gaming startups, Norian Games and Xigma Games. The investment aims to support India’s growing gaming sector, positioning the country as a global leader in the gaming industry.
Nikhil Kamath’s WTFund, in collaboration with Nazara Technologies, has declared a Rs 2 crore investment in two promising Indian gaming startups, Norian Games and Xigma Games.
Norian Games, based in Kerala, is currently developing a dinosaur survival simulation game titled ‘Aldian of Ancients,’ which will be available on PC and console platforms. Meanwhile, Bengaluru-based Xigma Games, which has already made a mark with successful titles such as ‘The Bonfire: Forsaken Lands’ and ‘The Bonfire 2: Uncharted Shores,’ has accumulated over 10 million downloads across platforms like Google Play Store, Apple App Store and Steam. Xigma's latest offering, ‘Metal Haven,’ is a free-to-play sci-fi action-strategy game.
Kamath stated that this fund is a small step in supporting companies that have made a mark with their innovative games. He added that WTFund, released earlier this year, focuses on providing non-dilutive grants to young entrepreneurs, with a particular focus on startups under the age of 25.
Nazara Technologies founder Nitish Mittersain stated that his company is committed to supporting the next generation of gaming talent.
India is quickly becoming the fastest-growing gaming market in Asia, with projections estimating combined mobile, PC and console gaming revenue to reach USD 943 million in 2024, marking a 13.6 per cent year-on-year growth. The market is expected to surpass USD 1 billion by 2025 and grow to USD 1.4 billion by 2028, driven by a thriving gaming community and increasing consumer demand.
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