Zerodha’s Nikhil Kamath has just announced a “WTF Gaming Fund” for all gaming entrepreneurs and developers on his socials.
It comes a month after the broking company’s co-founder urged gaming CEOs and influencers in his podcast to invest their time and money to be utilised for funding to budding talents working in the gaming industry.
This also comes a month after Kamath urged Indian parents to consider a gaming career as a “serious option” for their kids.
Kamath took to social media to share that when he was younger, cricket was everything but apparently, online gaming has taken over.
“When I was younger, cricket had all our attention, whether it was playing, watching or cheering.. it seems like in the younger generation today, cricket has been replaced with games..It’s been intriguing to see how the gaming landscape has evolved over time..” Kamath posted.
He further relayed his interest in developers involved in gaming development and asked them to register for the funding.
“The Gaming Fund's applications are open. If you or someone you know is building something in the industry (doesn’t only have to be a game), register on the link in bio.” Kamath added.
Social Media Reaction:
Social media users are reacting positively to the news with a few exceptions.
One user on X wrote: “Cricket was our passion, but today's kids are deeply immersed in gaming. It's a reminder of how times change and new interests emerge.
Know someone with a great gaming concept? Encourage them to apply and turn their vision into reality.”
Another user on Instagram commented: “Great Initiative 🫶🏼”
A third user on X dissented: “Digital games never compete with Physical games bro. You are much bullish in the games industry but my view is the entirely contrast.”
Indian Gaming Industry:
According to Invest India, the Indian online gaming industry is one of the largest in the world. It tops the world’s mobile gaming market in App downloads and is expected to grow by 20% by FY25, reaching Rs 231 billion. The industry is projected to grow at a compound annual growth rate (CAGR) of 33% and reach Rs 25,300 crore in FY27.
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