MUMBAI: Singapore-based esports company Ampverse has announced its launch in India, its fourth operational market, acquiring Indian firm 7Sea Esports for an undisclosed sum.
The esports company is also planning to make a multi-million dollar investment to accelerate the esports and gaming ecosystem in the Indian market, as per an official statement.
This will be Ampverse’s fourth esports team acquisition after Bacon Time (2021 AoV Thailand Champions), SBTC (2021 SEA Wild Rift Champions), and MiTH (2021 PUBG Thailand Winter Champions).
“7Sea was created because we wanted to give young Indian gaming talent a chance to become the next generation of sporting heroes. With Ampverse, we’re ready to take it to the next level. Their blueprint in grooming players and developing talent to compete at the highest level is what we need. We’re also ready to bring the best-in-class entertainment to the fans by partnering with India’s leading gaming creators,” said 7Sea founder Santosh Pecheti.
7Sea Esports have established themselves as one of the most competitive Battleground Mobile India teams, recently winning the India Today Dangal Championship and coming second in the highly contested Sky Esports championship.
Founded in 2019 by former Twitch, Universal Music and Havas executives, Ampverse currently has over 70 employees across Southeast Asia and India, a community of over 80 million fans across its portfolio of teams and gaming talent, resulting in triple-digit year-on-year revenue growth.
“India has always been part of our growth plan and is a very exciting opportunity for us given the rapid acceleration of esports. We look for teams with a track record of success. Most importantly, we look for founders who are truly passionate about creating iconic esports organisations that drive unprecedented engagement with their fans and the market. 7Sea checks all those boxes and now it’s all about executing the blueprint and growing all aspects of the franchise,” Ferdinand Gutierrez, chief executive officer, Ampverse, said.
