Collective Ace Group to invest $100 million in gaming service space

Angel investor Parth Das said that he will invest $100 million in the online gaming services space in India and outside. The funds for this venture are already in place, he said. Germany-based Das is the founder of The Collective Ace Group, a company that focuses on the services sector in the gaming industry.

“There’s no focus on the supply chain in the gaming industry, areas like game development, quality assurance, customer support, marketing, etc,” said Das. The funds, he said, would be deployed in India, the Middle East, Central and Eastern Europe, and that the company would look at acquisition opportunities across different parts of the gaming value chain.

Das said he was currently evaluating deals in India and would likely announce something in the next few months. “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,” said Das.

Prior to this, Das worked with Deca Games in Berlin, which is when he got closely involved in the different aspects of the gaming industry. The Collective Ace Group would have a multinational structure which he said would help provide easier access to finance and capital.

While India has 12% of the world's gaming players, only 1% of the total revenue comes from here. The gaming sector has seen a lot of investor interest in the last few years as the pandemic fueled an increase in esports and casual gaming.

However, the service providers are still on the fringes of this, which is what Das wants to change.