Games2Win announced today that Nirvana Venture Advisors have invested in the gaming company and acquired upto 10% of the company’s equity. This was equity which was previously held by Nexus India Pvt. Ltd, ICICI Ventures and some senior employees of Games2Win.
Games2Win is one of the top 20 online gaming companies in the world. It was founded by Alok Kejriwal who serves as CEO of the outfit. Games2Win is a top tier VC funded business and has over 15 million unique users each month on their portal. They have over 600+ proprietary games and have also branched out into Gaming apps on smartphone platforms like Android. Games2Win has had great success with its new hit game called Parking Frenzy.
This investment by Nirvana Venture Advisors will result in Nirvana’s co-founder Amit Patni joining the Games2Win board of directors. However, lead investors Clearstone Venture Partners and SVB holdings have not divested their shares in this transaction.
Speaking about the investment, Alok Kejriwal said, “We have very aggressive expansion plans for Games2win and Nirvana Venture Advisors are excited by our ideas. Given that we have sufficient capital for growth, Nirvana invested in the Company by providing partial exits to the early shareholders and key employees. I feel good that I have provided my original investors attractive returns while still keeping them invested in the business, and have also created wealth for my team members.”
“The past month has seen a spectacular success of our games on the Android platform. Our mobile apps crossed the 10 million downloads mark and we have registered over 100 million game plays in just one month. We are now set to create a large, global, consumer-revenue centric, social mobile gaming play. Our investors support our vision and they will actively assist us in creating the next leap forward for Games2win.”
One of the happiest days in my life. My old VC’s & employees make money; we get a great new partner in the Co! bit.ly/g2wm-nirvana
— Alok Kejriwal (@rodinhood) March 27, 2012
Rajan Mehra, Managing Director of Nirvana Venture Advisors said, “At Nirvana, we are very excited by what Games2win is creating. This investment allows us to align with the Company at the right stage and also participate in its future success.”
This is brilliant for the Indian online gaming Industry. Earlier we reported about how Jump Games was achieved success with its game, Real Steel. Indian gaming studio, UTV Indiagames was named amongst the top 100 worldwide last year. There is a huge growth in the Indian online and mobile gaming segments as well.
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