Over $10m in deals likely at IGDC event in Hyderabad

HYDERABAD: Deals worth over $10 million are expected to be signed during India Game Developer Conference (IGDC) to be held in Hyderabad next month.

The global Investor-publisher Connect, to be held on Nov.22-23 at the Hyderabad International Convention Centre (HICC) here has atracted 50 active investors and 60 gaming start-ups to tap potential investment and publishing opportunities.

IGDC has emerged as the most productive platform for investors, publishers and gaming companies to engage with each other. IGDC 2019 has seen 100 per cent increase in the number of global and local investors and start-ups and the organisers expect investor-publisher investment opportunities worth more than $10 million in this year’s edition. The two-day event will be held in two formats - speed dating roster where early-stage gaming companies get a chance to meet investors, and game publishers and exclusive one-on-one meetings where traction stage and accelerated companies get detailed face time with investors, publishers and strategic international partners.

Selected gaming start-ups will have an opportunity to have unique speed dating running for 15 minutes, with top-notch investors on both days.

“There has been an unprecedented innovation in the Indian gaming landscape in the last 18 months, especially as smartphones have become more accessible to Indian digital consumers. India’s online gaming industry is poised to grow at 20-25 per cent CAGR to a billion-dollar market over the next two years,” said Manish Agarwal, CEO of Nazara Technologies.