This is the fourth acquisition by the esports holding company Ampverse, with planned multi-million dollar investment into the Indian market
Asia’s esports organisation Ampverse on Thursday said that it has entered into India, its fourth operational market, after successfully establishing itself in Singapore, Thailand, and Vietnam.
India is one of the fastest-growing gaming and esports markets with tremendous potential, demonstrating a 10 per cent year-on-year growth with a $2.3 billion market size consisting of over 360 million gamers.
According to Sensor Tower, India currently holds the title of the world’s largest mobile gaming market in terms of mobile game downloads, with almost half a billion year-on-year increase recorded in Q1 2021.
Gaming and esports will continue to see growth in India, with smartphone penetration and digital adoption swiftly increasing, and India is projected to exceed China as the world’s most populous country by 2025.
As per the official statement, Ampverse acquired one of the teams in 7Sea Esports while planning to make a multi-million dollar investment to accelerate the esports and gaming ecosystem in the market.
“7Sea was created because we wanted to give young Indian gaming talent a chance to become the next generation of sporting heroes. Though the esports scene in India is relatively nascent compared to other markets across the wider region, the next few years will see a surge in the growing popularity of competitive gaming with more competitions, more teams, and more businesses involved. With Ampverse, we’re ready to take it to the next level. Their blueprint in grooming players and developing talent to compete at the highest level is what we need. We’re also ready to bring the best-in-class entertainment to the fans by partnering with India’s leading gaming creators,” said the Founder of 7Sea Santosh Pecheti.
This will be Ampverse’s fourth esports team acquisition and will see 7Sea joining Bacon Time (2021 AoV Thailand Champions), SBTC (2021 SEA Wild Rift Champions), and MiTH (2021 PUBG Thailand Winter Champions) as part of its portfolio of esports assets.
“India has always been part of our growth plan and is a very exciting opportunity for us given the rapid acceleration of esports. We look for teams with a track record of success. Most importantly, we look for founders who are truly passionate about creating iconic esports organisations that drive unprecedented engagement with their fans and the market. 7Sea checks all those boxes and now it’s all about executing the blueprint and growing all aspects of the franchise,“ said Chief Executive Officer at Ampverse, Ferdinand Gutierrez.