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Billionaire Nikhil Kamath’s WTFund and Mumbai-based Nazara Technologies have invested ₹2 crore ($240,000) in two Indian gaming start-ups Norian Games and Xigma Games.
Kerala-based Norian Games is currently developing Aldian of Ancients, a dinosaur survival simulation for PC and console. Bangalore’s Xigma Games is known for The Bonfire series which has over 10 million downloads.
The investment will provide both studios with financial support, mentorship, and strategic guidance to help them scale.
Supporting the next generation
“Growing up, we were occupied by simpler things – a game of cricket or even just being outside,” said entrepreneur and investor Nikhil Kamath.
“That was a large part of my childhood. For the younger generation, gaming has taken that place, creating new avenues for creativity and interaction.
“This fund is a small step in supporting companies that have made a mark with their innovative games, and I look forward to seeing them push boundaries even further.”
Nazara founder and CEO Nitish Mittersain added: “At Nazara, we are committed to nurturing the next generation of gaming talent in India and it great to join hands with visionary tech pioneers such as Nikhil Kamath to act on the vision of our Prime Minister in building strong gaming talent in India that can build games for the world.”
