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Angel Investor Parth Das Raised 100 Million Dollars For A Gaming Fund Gaming
Amarylisa Gonsalves
Posted on 04 Aug, 2021
By Amarylisa Gonsalves
On 04 Aug, 2021
By Amarylisa Gonsalves
On 04 Aug, 2021

Angel Investor Parth Das Raised 100 Million Dollars For A Gaming Fund

Parth Das, founder of Collective Ace Group and angel investor has reportedly raised $100 million, which he plans to invest in the online gaming space India and across the globe.

The Collective Ace Group, founded by Das, is a Germany-based company which operates in the services sector of the gaming industry. 

Parth Das

Parth Das

Das says, “There’s no focus on the supply chain in the gaming industry, areas like game development, quality assurance, customer support, marketing, etc.” He further said that the company plans to use the funds for India, Middle East, Central and Eastern Europe. The company is also looking at opportunities to acquire different segments in the gaming value chain. 

Das claims he is currently analysing deals in India and would probably announce some investments in the coming few months. Das said, “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.”

ALSO READ: Skylightz Gaming to invest $1,50,000 for the growth of Indian Esports talent.

Das formerly worked with Berlin-based Decca Games. While working with Decca Games, Das got closely involved with the gaming industry and its different aspects. Following which he decided to found The Collective Ace Group. The company follows a multinational structure, which will enable a seamless access to capital and finance.

Das believes that India has 12% of professional gamers in the world, however only 1% of the total gaming revenue comes from India. The Indian gaming sector has received a lot of interest from investors in recent times, but the service providers in the sector are still being sidelined. Das wishes to change the stance of service providers in the space.

For more news and updates, keep reading GutshotMagazine.com. Follow us on our social handles FacebookInstagramTelegram, and Twitter.

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