As per Regulation 30 of the SEBI (LODR) Regulations, 2015, we are enclosing herewith Press Release issued by Colab Platforms Limited, which enters Esports Arena : With a Bold Vision to ....
Awaiting price reaction for this filing.
Colab Platforms Ltd (BSE: 542866) announced on 20 June 2025 that it is entering the Esports market to build what it calls 'India's most rewarding competitive gaming ecosystem.' The new vertical, Colab Esports, will offer low-entry competitive formats, creator-led tournaments, and proprietary game servers, starting with Counter-Strike 2 and later expanding into AAA and mobile titles. The company is backing the move with a Rs. 250 million accelerator programme for sports-tech innovation. The press release cites industry data — 594 million online gamers in India, the gaming sector touching ₹6,715 crore in 2024 and projected to cross ₹10,487 crore by 2026 (24% CAGR), and Esports expected to add Rs. 1,100+ crore to the economy by 2025. The venture will integrate with Colab's existing sports-tech, sports commerce, and athlete development businesses.
This is a strategic diversification announcement into a high-growth but new vertical for Colab; no specific revenue contribution or financial guidance has been provided. The stock may attract thematic interest from Esports/gaming investors, but near-term impact on earnings is unclear given the early-stage nature of the venture.