Asian esports and gaming company Ampverse has formed a joint venture with non-banking financial company DMI Finance to grow esports in India.
The partnership will see both entities co-develop esports IPs alongside ‘data-driven’ products and services for gamers.
The first IP will be the College Rivals – Esports Series, a national esports platform in India that will take place across 25 college campuses. Set to launch in June, the series will culminate with an event in Mumbai in December 2023. Details regarding which games will be utilised have yet to be disclosed.
Alongside the joint venture, Ampverse has also appointed Ashwin Haryani, former VP of Esports and Mobile Premier League (MPL), as a Country Manager to help lead Ampverse DMI’s activity in India.
The news follows what has been a substantial period of development for esports in India. In 2023 alone, Skyesports has launched a franchised CS:GO league; NODWIN Gaming and Rooter have secured significant investments and BGMI announced its return following a near-year hiatus. Moreover, at the end of last year India officially recognised esports as a multisport event.
Charlie Baillie, Co-Founder and Chief Strategy Officer of Ampverse, commented on the partnership: “After months of strategic planning, Ampverse and DMI Finance are proud to unveil our new joint venture, anchored by a common vision of realising 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.”
Ampverse is best known as the parent company of five Asian esports organisations, namely SBTC Esports (Vietnam), 7Sea (India), Minana (the Philippines), Thai esports team Bacon Time and Made in Thailand.