Colab Platforms Launches Esports Portal, Eyes Slice of India’s Booming Market
Colab Platforms has launched a new esports portal, aiming to capture 8-10% of India's organized esports market in five years. The company highlights India's growing esports scene and projects substantial revenue growth driven by esports and digital services. Their model is skill-based, avoiding recent legal restrictions on real-money gaming.
- Country:
- India
Gaming and technology giant Colab Platforms has announced its entry into the esports sector with the launch of a dedicated portal, colabesports.in, aiming to secure 8-10% of India's organized esports market within five years.
The platform promises to cater specifically to India's digital-first esports athletes, arriving as the market is poised for massive expansion. By 2024, it's estimated to be worth USD 208.73 million and projected to grow at a compound annual growth rate of 18.8% by 2034.
Ahead of Olympic esports in 2027, Colab aims to be among India's top three platforms. Despite recent legal bans on real-money games, Colab's focus on skill-based, regulation-compliant esports ensures minimal impact from such changes, fostering a secure environment for players and advertisers.
(With inputs from agencies.)
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