Why are Startups Investing in Indian eSports?

Esports did manage to beat the modern world of sports and entertainment. Initially, it is said to begin as an underground culture but has successfully developed into a billion-dollar industry. Undoubtedly, the sector has seen enormous growth over the last decade. Talking about the same, a country like India has been a huge destination for eSports. Well, India is regarded as one of the rapidly growing markets in the gaming space. It is further known as a hub for foreign investment with estimates of $ 120-160 billion per year by 2025. As a whole, there have been numerous reasons behind companies investing in Indian eSports. Here’s the mention of some of those reasons: 

• Prospering Economy and New Infrastructure: According to data, India has the fifth largest economy in the world. It is further anticipated to be the most populated country in the world by 2025. Following this, foreign companies are as well said to get visas to private capital with improved digital infrastructure, that allow start-ups and businesses with innovative ideas to scale and grow.
• The Next Era of Digital: India successfully managed to jump from 81st place in 2015 to 48th place in 2020 in the Global Innovation Index. Moreover, this country can be considered as the next digital era with strong developmental efforts to promote digital technology in various sectors such as banking, finance, agriculture, rural development, and e-commerce.
• Investment Growth and Capital Market Shift: Recently, startup organisations in India have managed to raise a total of $10 billion through IPOs. Areas such as e-commerce, the internet, and digital media, are considered to fill out the growth of esports teams, as monetization and revenue generation in the gaming industry relies hugely on technology.
• Game Titles peak and Esports Prize Pool: Since more players and more teams have been participating in a specific game title, therefore the viewership and audiences could be witnessed increasing enough. A few years back, the arrival of PUBG (now known as Battlegrounds Mobile India) successfully created many significant tournaments such as the PUBG Mobile India Series with the latest 2021 prize pool of 10 million rupees.
• Timing is Everything: The market in India proved to be a more enticing option for investors. Currently, India is facing less competition. Gaming has always been a part of the country’s culture considering the way it consumes entertainment. Perhaps, once the infrastructure has been established and the pieces are put in order, it will just be a matter of time until eSports in India can successfully take off and manage to reach new heights.

Summing up, investing in gaming and eSports companies has shown large demands considering the growing prominence of this industry in culture. The sector has shown huge growth in certain years and is expected to experience further growth in the future. This extreme growth, moreover, led or encouraged the start-ups to invest in Indian eSports industry. 

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