Esports Players League, an investee company of iCandy Interactive Limited (which Abelco has 56% stake in) has secured an investment from highly regarded early stage venture capital firm, 500 Startups.
The strategic partnership with Paytm’s gaming division means that ESPL will enable mobile and online tournaments in India. ESPL will eventually cover all platforms for esports, but its initial focus is mobile.
Paytm is India’s fastest growing gaming destination and sees more than half a million daily active players on the platform, spending up to 45 minutes per session. It has witnessed 200% growth in the last month, with over 75,000 new users joining the platform every day.