Ampverse, Asia’s leading gaming ecosystem, and DMI Finance, the Non-Banking Financial Company (“NBFC”) of the DMI Group, have joined forces to shake up the esports industry in India.
The companies have formed a joint venture to co-develop esports intellectual properties (IPs), as well as data-driven, tech-enabled products and services for gamers.
The partnership will leverage Ampverse’s expertise in gaming communities and IP, and tech-enabled marketing solutions, and DMI Finance’s prominent position in the digital consumer, MSME finance, and asset management across India.
The first co-developed IP, College Rivals – Esports Series, is set to launch from June 2023 across 25 college campuses in India, culminating in an event in Mumbai in December 2023.
“After months of strategic planning, Ampverse and DMI Finance are proud to unveil our new joint venture, anchored by a common vision of realizing the immense potential of the booming esports and gaming industry in India. With a commitment to delivering the very best in gaming experiences and products, we are thrilled to embark on this exciting journey together.
We are equally delighted to have a seasoned executive, Ashwin Haryani, joining our team to help drive our business forward and shape the future of gaming in India.” – Charlie Baillie, Co-Founder and Chief Strategy Officer of Ampverse.
According to a report by Maple Capital Advisors, the Indian esports market is projected to grow to $1.1 billion by 2025.
The Indian government has accelerated the development of the sector by officially recognizing esports as a “multi-sports event.”
The joint venture between Ampverse and DMI Finance, therefore, is expected to revolutionize the esports industry in India, creating a dynamic and engaging gaming experience for players and fans across the country. It is a game-changing move that will drive the industry forward, and Ampverse together with DMI Finance are poised to lead the charge.