FAUG maker nCore Games invests $1 million in Indian Esports startup Newgen Gaming
Gurgaon-based Newgen Gaming operates in the Esports domain through its brand Penta Esports.
Overview:
- Penta Esports has launched Penta Amateur League and the Penta Collegiate League for colleges and universities, alongside other tournament IPs.
- The startup plans to expand offerings and teams using fresh capital.
Based in Bangalore, India, nCore Games is a developer of amusement and mobile games. When the Indian government banned PUBG Mobile and several other privacy-endangering applications, it received much media attention. Taking advantage of the chance, the business built its Indian version of the game dubbed FAU-G, which had a lot of support since it was developed in the nation itself but ultimately failed to impress due to its subpar quality when it was released. The creators have now chosen to invest $1 million in Gurugram, India-based startup Newgen Games.
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nCore Games' investment in Newgen Gaming would be used to help Indian gamers
The Indian gaming firm Penta Esports works as the sports division under Newgen Gaming. The cash is the first for the business, and Newgen Gaming intends to utilise it to grow its staff and operations to include South Asia, the Middle East, and North Africa. Anurag Khurana, Kiran Noojibail, Akshay Paul, and Kishanu Ghosal launched the business in 2021. They are experts in running different leagues, competitions, and gaming-related material.
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Their objective is to concentrate on the Indian Esports scene and assist producers and players in receiving the opportunity they deserve across various games in all genres. A large number of new intellectual assets, including "Esports in 5", "1v1," and "Koffee with Karan," will be made available to nCore Games, in addition to the influence over its hordes of followers and other Esports competitors.
Penta Esports has previously introduced many leagues
Penta Esports will undoubtedly make the most of the significant inflow of cash they have received and utilise it to grow their business even more than they already have. For students at universities and colleges to participate, they have already developed several new competitions, including the Pents Amateur League and the Pents Collegiate League.
They also provide funding for other competitions, including the Penta Invitational, Penta Cup, and Penta Challenge. Both organisations will benefit from this investment, develop, and become more well-liked and well-known among the nation's gamers. The mobile games and interactive entertainment business nCore Games has invested $1 million in the gaming startup Newgen Gaming. For Newgen Games, this is their first round of fundraising.
Manish Gupta
With its name Penta Esports, the Gurgaon-based firm engages in the Esports business. The business intends to use the additional funding to grow its staff, product offerings, and geographic activities throughout South Asia and the MENA. Anurag Khurana, Kiran Noojibail, Akshay Paul, and Krishanu Ghosal founded Penta Esports in 2021, a company specialising in leagues, competitions, and content. Also, it offers Esports athletes possibilities on many games and platforms.
In addition to previous event IPs like the Penta Invitational, Penta Cup, and Penta Challenge, Penta Esports has, since its establishment, introduced its grassroots-focused league named the Penta Amateur League and the Penta Collegiate League for schools and institutions. "When we founded Newgen Gaming, we aimed to democratise video games and Esports in India. According to Anurag Khurana, the founder and CEO of Newgen Gaming, "we will be fast expanding and giving more possibilities to the gamers and experiences to the viewers around the area.
You can also download the Tournafest app from Google Play or App Store to play Esports Tournaments & Scrims games like BGMI, Free Fire MAX, Call of Duty, CS: GO, Valorant, Pokemon Unite & win exciting rewards! You can also go ahead and organize Tournaments & fetch unmatched perks.
Until next time,
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