Technologies and Zerodha co-founder Nikhil Kamath’s WTFund promised to invest a total of Rs 2 crore in two gaming firms, Xigma Games and Norian Games. In order to improve India’s reputation in the international gaming industry, they are investing in the next generation of domestic gaming companies.

Norian Games and Xigma Games claimed in a joint statement that they will get financial support, mentorship, and strategic direction as a result of this investment.

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.”

The establishment of the WTFund, a non-dilutive grant-agnostic fund aimed at fostering young entrepreneurs under 25, was announced by Kamath in April. The fund helps entrepreneurs in a variety of industries grow by investing in them. 

Additionally, Nitish Mittersain, the founder of Nazara Technologies, stated that the multifaceted gaming and sports media company is “committed to nurturing the next generation of gaming talent in India.”

A startup company called HLG Netherlands Norian Games is based in Kerala and is creating the dinosaur survival simulation game “Aldian of Ancients” for the PC and platform.

In the meantime, the Bengaluru-based game development company Xigma Games has published games like “The Bonfire: Forsaken Lands” and “The Bonfire 2: Uncharted Shores,” which together have received over 10 million downloads. The games are presently accessible on Steam, the Apple App Store, and the Google Play Store. 

“Metal Haven,” the studio’s most recent release, is a sci-fi action-strategy game that can be played for free.

According to Niko Partners, a market research and consultancy business that focuses on video games, e-sports, and streaming in Asia, India is the fastest-growing gaming market in the region in terms of both revenue and players.

In 2024, it is anticipated that the combined revenue from mobile, PC, and console gaming will reach $943 million, an increase of 13.6% from the year before. According to the report, the market is anticipated to generate more than $1 billion in sales by 2025 and $1.4 billion in 2028, representing a compound annual growth rate of 11.1% over the next five years. These numbers exclude export and real-money gaming income.

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