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Pre-Budget Expectations Quote for the Indian video gaming and esports industries

By Naman Alok | Jan 12, 2023 | 4 Min Read follow icon Follow Us

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Indian Esports saw a sharp rise in popularity in 2022. With milestones like the Indian Dota 2 contingent winning a bronze medal at the Commonwealth Esports Championship and esports being included as a medal sport in the Asian Games 2022 (to be held in 2023). As per gaming-focused venture capital fund Lumikai’s recent study, the esports industry, (barring real money and fantasy gaming), is expected to grow to USD 4 billion by the fiscal year ending March 2027, compared to USD 1.1 billion in 2022. Recently, in a historic move, The Indian government has officially recognized esports in the country. Esports will now be a part of the “multisports event” category in India under the Ministry of Youth Affairs and sports. Pre-Budget Expectations Quote for the Indian video gaming and esports industries

About Pre-Budget Expectations Quote for the Indian video gaming and esports industries

Government spending on sports has been rising over several years. Expenditure on the Department of Sports under the Ministry of Youth Affairs and Sports has increased from Rs 657 crore in 2011-12 to around Rs 1,749 crore in 2021-22. According to budget estimates, this has gone up further to Rs 2,123 crore in 2022-23. As we know that Finance Minister Nirmala Sitharaman will present the Union Budget 2023-24 in Parliament on February 1, 2023. If you are planning anything around the pre-budget expectations of gaming and esports in 2023, we can share the quotes/articles on behalf of the below-mentioned personalities on what are their expectations from this year’s budget in regard to this rising sector:

1. Esports Federation of India

Spokesperson: Mr Lokesh Suji, Director, Esports Federation of India & Vice President of the Asian Esports Federation (AESF) ESFI is a full member of the International Esports Federation (IESF), Global Esports Federation (GEF), and Asian Esports Federation (AESF).

2. FanClash, Asia’s Largest Esports Fantasy Platform

Spokesperson: Richa Singh, Co-Founder and CEO of FanClash

FanClash, Asia’s largest Esports Fantasy platform provides a forum for the fans to not just enjoy the game as a spectator but also empowers them to monetize their knowledge of esports. Users can create their fantasy teams from every tournament and earn rewards based on the real-life performance of the teams. This is like monetizing the knowledge of cricket or football via other fantasy platforms. The platform enables users to play fantasy on all leading global tournaments across top esports such as FreeFire, BGMI, COD Mobile, COD PC, Valorant, CS: GO, League of Legends, DOTA 2, etc.

3. 8bit Creatives, India’s leading esports consulting and talent agency

Spokesperson: Mr Animesh Agarwal, Founder & CEO, 8Bit Creatives

Mr Animesh Agarwal, Founder, and CEO of 8Bit Creatives, India’s leading esports consulting and talent management agency. He is also the founder of S8UL, a hub of gaming content and esports. S8UL is the parent org of team sOul, the reigning champions of BGMI in India. Animesh dons several hats as an entrepreneur, an ex-pro gamer, a monster energy esports athlete, a gaming & luxury lifestyle content creator and a pioneer in the Indian Gaming Industry. He has a deep understanding of the industry and is dedicated to shaping the esports and gaming industry in India. He has partnered with other industry front runners like Nodwin Gaming & LOCO to make substantial strides in advancing gaming & esports in India.

His company, 8Bit Creatives is equally making remarkable milestones in the business of content creation and brand collaborations around gaming and esports. With some of India’s top gaming talents in their line-up and backed with experience and exposure of collaborating and curating campaigns with 100+ top-notch brands like Netflix, Coca-Cola, Reliance Digital, Mx Players, OnePlus, Realme Narzo, Flipkart, Airtel, and many others; 8Bit Creatives boasts of managing popular and renowned gaming content creators and influencers- Mortal, Scout, Mavi, Snax, Thug, Payal, Kaashvi, 8bit Goldy, 8bit Sid to name a few.

Also Read The Grand Finale of the Esportz Premier Series LAN event in Mumbai unites Indian gaming and esports communities with great success – Sportslumo

4. Revenant Esports, one of the fastest-growing Esports organizations in South Asia and the Middle East

Spokesperson: Rohit N Jagasia, Founder and CEO of Revenant Esports

Revenant Esports is an esports organization built from the ground up. From humble beginnings to exponential growth, the objective of Revenant Esports has been to be the leading esports company in India. Revenant Esports was founded in 2020 and it has an active roster in 6 esports titles like BGMI, Call of Duty: Mobile, Free Fire, Clash of Clans, Valorant and Pokemon Unite. The company is founded by Rohit Naresh Jagasia and the company received its last funding of $1 million in May 2021 from Adman-turned-investor Sajan Raj Kurup.

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