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Billionaire Nikhil Kamath’s WTFund and Mumbai-based Nazara Applied sciences have invested ₹2 crore ($240,000) in two Indian gaming start-ups Norian Video games and Xigma Video games.
Kerala-based Norian Video games is presently creating Aldian of Ancients, a dinosaur survival simulation for PC and console. Bangalore’s Xigma Video games is understood for The Bonfire collection which has over 10 million downloads.
The funding will present each studios with monetary help, mentorship, and strategic steerage to assist them scale.
Supporting the following era
“Rising up, we had been occupied by easier issues – a sport of cricket and even simply being outdoors,” mentioned entrepreneur and investor Nikhil Kamath.
“That was a big a part of my childhood. For the youthful era, gaming has taken that place, creating new avenues for creativity and interplay.
“This fund is a small step in supporting corporations which have made a mark with their revolutionary video games, and I sit up for seeing them push boundaries even additional.”
Nazara founder and CEO Nitish Mittersain added: “At Nazara, we’re dedicated to nurturing the following era of gaming expertise in India and it nice to affix fingers with visionary tech pioneers equivalent to Nikhil Kamath to behave on the imaginative and prescient of our Prime Minister in constructing robust gaming expertise in India that may construct video games for the world.”