Founder of Indiagames, Vishal Gondal is back with a bang!
Vishal Gondal is one of India’s first gaming entrepreneurs. He started Indiagames in 1999 and sold it to Walt Disney in 2011 for $100M, is all set to put his foot in the gaming startup ecosystem.
Vishal is starting an early stage fund for Indian gaming ecosystem to provide mentorship, publishing finance, marketing, design, strategy, and management support. He is not just focusing on providing funds for gaming startups, but wants to put his experience in startups and launch them towards the stars.
“We’re not just looking at mobile game studios alone. VR, AR, even game technology like engines and even e-sports, are what we will be looking at as well. The idea is to capture and capitalize on every touch point in the games business ecosystem in India and provide them with not just capital but business expertise given gaming is going to grow exponentially in the Indian market” says Vishal when media asked him about this initiative.
He will be joined by other founders and executives in the fields of media, technology, gaming, and startups.
Vishal has a great track record of startup success with Indiagames and GOQii. Parted with DisneyUTV Digital in April 2013 as Managing Director to start GOQii. The GOQii ecosystem consists of a fitness band and an app available that tracks health and provides coaching. It competes internationally with FuelBand, Fitbit, Jawbone, Google Fit and Samsung Gear.
Vishal says “when people say that your idea is crazy, that means your thinking is in the right direction. Flipkart, RedBus, BookMyShow have all been shot down by investors at one point. But someone took a gut call and knew that they were winners. It is only the crazy ideas that end up in great results.”
Worldwide gaming industry is expected to grow from $91.8bn in 2015 to a total of $118.6 billion by 2019 (Newzoo). On global charts of top 100 games, there are 8 games from India while in comparison to 4 coming from China. As per Nasscom two startups come up every month and Indian gaming industry($890M as of 2015) is growing around 30% every year.
In this rat’s race to capture this rapidly growing Indian gaming market one must think how Vishal Gondal’s crazy ideas and investment will push gaming startups to the global platform.
Read more about top gaming companies from India.