Nikhil Kamath’s WTFund and Nazara invests Rs 2 crore in Norian Games and Xigma Games
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Investment Announcement: Billionaire Nikhil Kamath’s WTFund and Nazara Technologies have agreed to invest Rs 2 crore in two Indian gaming startups, Norian Games and Xigma Games, to strengthen the local gaming ecosystem.
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Startup Focus: Norian Games, based in Kerala, is developing a dinosaur survival simulation game called “Aldian of Ancients,” while Bangalore-based Xigma Games is known for successful titles like “The Bonfire” series and is currently working on a free-to-play sci-fi game named “Metal Haven.”
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Support and Guidance: The investment will provide Norian Games and Xigma Games with financial resources, mentorship, and strategic guidance to help them navigate the competitive gaming market and expand their operations.
- Visionary Comments: Nikhil Kamath emphasized the transformative role of gaming in today’s youth, while Nazara’s CEO, Nitish Mittersain, highlighted the commitment to nurturing future gaming talent in India to compete globally.
Billionaire Nikhil Kamath’s WTFund and Mumbai-based gaming company Nazara Technologies Limited have jointly committed to invest Rs 2 crore in two gaming startups, Norian Games and Xigma Games.
The initiative aims to bolster the Indian gaming ecosystem by supporting innovative homegrown studios, reflecting the duo’s commitment to fostering local talent.
What does Norian Games, Xigma Games do?
Kerala-based Norian Games is developing “Aldian of Ancients”, a dinosaur survival simulation game for PC and console, designed to offer players a captivating and immersive experience in prehistoric landscapes.
Xigma Games, an indie studio headquartered in Bangalore, has achieved notable success with “The Bonfire: Forsaken Lands” and “The Bonfire 2: Uncharted Shores”, which together have amassed over 10 million downloads. The studio’s latest project, “Metal Haven”, is a freeto-play, sci-fi action-strategy game.
Through this investment, Norian Games and Xigma Games will gain financial support and access to mentorship and strategic guidance, enabling them to navigate the competitive landscape and scale their ventures effectively.
Leadership comments
Nikhil Kamath, investor and entrepreneur, said, “Growing up, we were occupied by simpler things – a game of cricket or even just being outside. 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.”
Nitish Mittersain, Founder and CEO of Nazara, 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.”
Here is a summary of the key details from the provided content:
Funds
- WTFund (co-founded by Nikhil Kamath)
- Nazara Technologies Limited
Investors
- Nikhil Kamath (Billionaire and investor)
- Nazara Technologies (represented by Nitish Mittersain, Founder and CEO)
Startups
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Norian Games
- Based in: Kerala
- Game in development: “Aldian of Ancients” (a dinosaur survival simulation game for PC and console)
- Xigma Games
- Based in: Bangalore
- Notable games: “The Bonfire: Forsaken Lands” and “The Bonfire 2: Uncharted Shores” (over 10 million downloads)
- Latest project: “Metal Haven” (a free-to-play, sci-fi action-strategy game)
Founders
- Norian Games: Not explicitly mentioned in the provided text.
- Xigma Games: Not explicitly mentioned in the provided text.
- Nitish Mittersain: Founder and CEO of Nazara Technologies.
Fundraise Series
- Total investment: Rs 2 crore (joint investment by WTFund and Nazara Technologies)
This summary encapsulates the main elements regarding the funds, investors, startups, and more as detailed in the text.