Angel investor and Founder of The Collective Ace Group, Parth Das, said he has raised $100 million for a fund which would invest in the online gaming space in India and elsewhere.
“There’s no focus on the supply chain in the gaming industry, areas like game development, quality assurance, customer support, marketing, etc,” said Das. The funds, he said, would be deployed in India, the Middle East, Central and Eastern Europe, and that the company would look at acquisition opportunities across different parts of the gaming value chain.
Das said he was currently evaluating deals in India and would likely announce something in the next few months. “Majority of the funds would be deployed in India, but not only in India. It will be a big focus as there is a lot of talent here and a proven track record of successful business to business ventures,” said Das.
Prior to this, Das worked with Deca Games in Berlin, which is when he got closely involved in the different aspects of the gaming industry. The Collective Ace Group would have a multinational structure which he said would help provide easier access to finance and capital.
According to the company’s website, “The Collective Ace Group is a one-stop Service Hub in Gaming. Service companies are the backbone of the dynamically growing gaming industry. Despite their essential role they are stretched for growth and recognition. The Group aims at turning the spotlight on these companies and providing opportunities for them to grow together. Together we want to be the “Ace” of the gaming service sector and deliver best in class services for our clients all at the convenience of a one stop solution.”
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