Ampverse, an Asian esports and gaming firm, is collaborating with DMI Finance to introduce and develop multiple intellectual properties (IPs) in India’s esports industry. The first joint venture between Ampverse and DMI Group’s Non-Banking Financial Company (NBFC) is College Rivals – Esports Series, which is expected to launch in June 2023 across 25 college campuses in India. The series will conclude in a Mumbai-based event scheduled for December 2023.
The collaboration aims not only to co-develop IPs but also to offer data-driven, tech-enabled products & services for gamers, as stated by Ampverse.
Ampverse & DMI Finance collaboration aims to cash in on the massive growth projections of the Indian esports industry
As Indian esports has been booming over the last few years, the joint venture of DMI Finance and Ampverse is benefiting from the projected growth in the industry. Ampverse is expected to bring its expertise in gaming communities and IP alongside tech-enabled marketing solutions. At the same time, DMI Finance will employ its proficiency in the “digital consumer, MSME finance, and asset management across India.”
Maple Capital Advisors has estimated that Indian esports can grow to $1.1 billion by 2025, further accelerated by the Government of India’s recognition of sports as a “multi-sports event” in December 2022. Thus, India-specific College Rivals will be a stepping stone for multiple upcoming esports series courtesy of Ampverse and DMI Finance.
Here’s what Ampverse’s Co-Founder and Chief Strategy Officer, Charlie Baillie, said about the newly-formed collaboration between both firms:
“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.”
Shivashish Chatterjee, who is DMI Finance’s Co-Founder and Joint Managing Director, was also quoted saying:
“We firmly believe that India is leading the global digital revolution with the increasing adoption of smartphones and ubiquitous access to data. With millions of casual and dedicated participants across the country, Esports is both the competitive and spectator sporting activity of the future. Together with Ampverse, we’re excited to play a role in growing this already buoyant ecosystem and to make it accessible to a new generation of digital-native enthusiasts.”
