Nikhil Kamath’s WT Fund & Nzara Technologies have togetherly pledged a total fund of Rs 2 Crore to two gaming Startups. The two startups are- Norian Games & Xigma Games. 

Objective 

The investment aims to nurture and support the next generation of homegrown Indian gaming companies to boost India’s gaming scenario, domestically and Globally. 

Benefits 

Through the investment, the two companies will be getting a wholesome package of Financial Support, Mentorship, and strategic guidance to move forward in the industry. 

Nikhil Kamath, Founder of WTFund 

Nikhil Kamath said, ” This fund is a small step in supporting companies that have made a mark with their innovative games, and I look forward to seeing them push boundaries even further.” WTFund is a non-dilutive grant-agnostic firm dedicated to nurturing and supporting entrepreneurs under the age of 25. 

Nitesh Mittersain, Founder of Nazara Technologies

 
He said that his firm is committed to nurturing the next generation of gaming talent in India. Nazara Technologies is a diversified gaming and sports media firm. It is India’s only listed gaming company, as its website claims. 

Norian Games 

Norian Games, a startup based in Kerala, is creating “Aldian of Ancients”, a dinosaur survival simulation game for PC and console.

Xigma Games 

Xigma Games, a gaming studio based in Bengaluru, has released popular titles like The Bonfire: Forsaken Lands and The Bonfire 2: Uncharted Shores, which have collectively garnered over 10 million downloads. These games are available on the Google Play Store, Apple App Store, and Steam.

Indian Gaming Industry 

The total revenue from mobile, PC, and console gaming is expected to reach $943 million in 2024, marking a 13.6% increase from the previous year. By 2025, the market is projected to surpass $1 billion in revenue, and by 2028, it is set to reach $1.4 billion, with a five-year compound annual growth rate CAGR of 11.1%. These projections exclude revenue from real-money games and exports.