Nirvana Venture Advisors Acquires 10% Equity Stake in Games2win
Games2win, one of the top 20 online games company, today announced that Nirvana Venture Advisors has invested in the company by acquiring 10% of the company’s equity. This was previously held by early investors Nexus India Pvt. Ltd, ICICI Ventures and a few senior employees. Nexus and ICICI continue to hold shares in Games2win.
Lead investor Clearstone Venture Partners and SVB Holdings have not divested their shares in this transaction. As part of the transaction, Amit Patni, Co-founder of Nirvana Venture Advisors, will join the Games2win Board.
Speaking about the investment, Alok Kejriwal, CEO & Co-founder of Games2win 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.”
Alok further added, “The past month has seen our games perform well 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.”
Commenting on the long association of Nexus Venture Partners and the 2win Group, Sandeep Singhal, Managing Director of Nexus Venture Partners said, “We have supported Alok over the past decade across various firms in the 2win Group, and we look forward to having Nirvana as a partner in the new growth phase of Games2Win.”
Speaking about the reason for investing, Rajan Mehra, Managing Director of Nirvana Venture Advisors said, “At Nirvana, we are very excited by what Games2win is creating. Their games library, combined with their massive audience reach and deep insights of gaming, provides the perfect formula for creating a very successful, global gaming company. This investment allows us to align with the company at the right stage and also participate in its future success.”
Commenting from the perspective of lead investors, Sumant Mandal, Managing Director of Clearstone Venture Partners said, “As lead investors of Games2win, we have seen Games2win scale from an early stage local Indian games business to a company with a global and impactful footprint. We whole heartedly support Games2win, Alok and the team in their future plans.”
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