Southeast Asian esports firm Ampverse has unveiled its expansion into the Indian market, acquiring Indian-based organisation 7Sea Esports.
Alongside the acquisition, the firm is planning to make a “multi-million dollar investment” into the Indian esports market in a bid to accelerate its ecosystem.
The deal marks Ampverse’s fourth team acquisition since the startup was founded in 2019 and will see 7Sea Esports join the likes of SBTC Esports and Bacon Time as part of its expanding portfolio.
Ferdinand Gutierrez, Chief Executive Officer at Ampverse, spoke on the expansion and acquisition in a release: “India has always been part of our growth plan and is a very exciting opportunity for us given the rapid acceleration of esports.