Gaming firm Nazara Technologies on Wednesday announced the acquisition of Comic Con India via its Nodwin Gaming unit.
“As part of this transaction, Nodwin Gaming will acquire 100% of the shares of Comic Con India at a valuation of Rs 55 crore through a combination of cash and share swap from the founders of Comic Con India – Jatin Varma and Karan Kalra. They will continue and remain to operate the business as part of Nodwin Gaming,” Nazara said in a statement to bourses.
Jatin Varma, founder, Comic Con India, said, “For more than a decade, we have worked tirelessly to build a unique space in India for promoting and celebrating popular culture. And with that goal in our mind, I am very excited to join hands with Nodwin Gaming in taking the next step and building upon this goal together.”
Founded in 2011, Comic Con India hosts festivals nationwide, rejoicing in diverse elements of popular culture such as comics, cosplay, movies, TV shows, merchandise, gaming, and more.
These festivals, held in cities like New Delhi, Mumbai, Bengaluru, Hyderabad, and Chennai, have gained immense popularity across India.
