Singapore-based gaming company Ampverse has revealed its intentions to establish a gaming studio in India through a collaboration with non-banking finance company (NBFC) DMI Finance. This strategic move is aimed at tapping into the burgeoning gaming market in India.
Ampverse- Investment in Studio Setup and Collaboration with DMI
Ampverse’s Co-founder and Chief Strategy Officer (CSO), Charlie Baillie, shared that the company will invest in building a studio and related capabilities within India. The partnership with DMI Finance will extend to selling products and merchandise in the Indian market.
Ampverse- Expansion of Team and Development of Esports Intellectual Properties
In addition to setting up the gaming studio, Ampverse plans to expand its team size in India. Currently with 8-10 employees, the company aims to increase its Indian workforce to 50 within the next 12-18 months. The collaboration with DMI will also focus on developing and launching esports intellectual properties (IPs) and services for Indian gamers.
Introduction of ‘College Rivals’ and Strategic Benefits
Ampverse and DMI introduced the ‘College Rivals’ esports series in India. They aim to engage more than 80,000 students in the first season. The series doubles as a talent search to spot top gamers among participants.
Seizing the Booming Indian Gaming Market
Ampverse’s entry into India aligns with a trend of global gaming giants seeking a share of the nation’s rapidly growing gaming sector. Companies like Taiwanese firm Softstar Entertainment and Chinese major Tencent have previously made inroads into the Indian gaming market. With smartphone and internet penetration fueling substantial growth, India’s gaming industry is projected to reach $8.6 billion by FY27, attracting a multitude of international players aiming to capitalize on the country’s gaming potential.
