Colab Platforms makes a foray into digital sports market
The company is building a player-first competitive gaming platform for India's digital-first generation, he said.
This new venture will focus on building a skill-based esports infrastructure, designed for both casual and pro gamers, Colab Platforms Managing Director Puneet Singh said.
New Delhi, Jun 24 (PTI) Sports-tech company Colab Platforms has announced its entry into the fast-growing esports market with plans to build a competitive gaming ecosystem, a company official said on Tuesday.
The platform will feature low-entry, high-frequency competitive formats, creator-led tournaments, and proprietary game servers—starting with Counter-Strike 2 and expanding into AAA and mobile titles, he added.
Esports has rapidly evolved from a niche subculture to a billion-dollar global industry. In 2024, the global Esports market surpassed USD 1.7 billion, with projections of reaching over USD 6 billion by 2030, Singh said.
BSE-listed Colab Platforms has a presence in sports commerce, athlete development, fan engagement tools, and sports-tech innovation. The company recently launched a Rs 25 crore accelerator programme to drive sports-tech innovation in India. PTI RR BAL
This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hans India
28 minutes ago
- Hans India
Criminal cases will be registered against Mathavallis: Abdul Aziz
Nellore: WaQF Board Chairman Sheikh Abdul Aziz reaffirmed the coalition government's commitment to protecting Waqf Board properties, warning that criminal cases will be filed against board members (Mutawallis) found responsible for illegally selling Waqf properties. Speaking at a press conference in Vijayawada on Saturday, Aziz announced that an ongoing inquiry into the sale of Waqf properties will lead to strict action against guilty members. 'Chief Minister N Chandrababu Naidu is resolute about safeguarding Waqf properties, and there will be no compromise,' he stated. Aziz highlighted that the Central government halted funding to the Waqf Board due to the previous YSRCP government's failure to submit utilisation certificates for Rs 386 crore. He noted that the issue has been raised with Chief Minister Naidu, who is addressing it with the Central government. The Chairman announced the formation of a Rent Review Committee (RRC) to manage rents from approximately 1,300 Waqf Board shops. To address issues like property sales and rent disputes, future Waqf Board meetings will be held across all districts, moving away from the earlier practice of convening only in Vijayawada. Aziz also revealed that the Andhra Pradesh Industrial Infrastructure Corporation (APIIC) applied to establish an MSME Park at Mallayapalem village in Guntur mandal. The Waqf Board decided to lease the land long-term to APIIC instead of permanently transferring it. Additionally, Rs 1.5 crore has been allocated for the development of Barashahid Dargah in Vijayawada, with further funds designated for the development of Kasumur and AS Pet Dargahs. Waqf Board Director SK Nasir stated that rental income will support the education of underprivileged Muslim students, their marriages, and the state government's P-4 initiative.
Time of India
33 minutes ago
- Time of India
Telangana sets sights on Rs 9k crore youth self-employment scheme: Rajiv Yuva Vikasam rollout likely soon; govt faces fund crunch, banks wary over defaulters
HYDERABAD: After disbursing ₹9,000 crore to farmers under the Rythu Bharosa scheme in nine days, the Congress govt is now preparing to launch its next major welfare initiative-Rajiv Yuva Vikasam-to support youth self-employment ahead of the upcoming panchayat elections. Chief minister A Revanth Reddy has directed deputy chief minister Bhatti Vikramarka to begin groundwork for the scheme, which is estimated to cost Rs 9,000 crore. Raising this amount poses a challenge, especially as the state govt recently cleared Rs 180 crore in pending bills of govt employees and is preparing to pay one pending DA instalment along with June salaries by July 1-an additional burden of Rs 200 crore. You Can Also Check: Hyderabad AQI | Weather in Hyderabad | Bank Holidays in Hyderabad | Public Holidays in Hyderabad The scheme saw an overwhelming response when applications were invited, with over 16 lakh youth applying. Originally scheduled for launch on June 2, the rollout was postponed to allow for a larger budget-increased from Rs 6,000 crore to Rs 9,000 crore-and better preparation. One of the key hurdles is finalising eligibility guidelines. The govt has already held preliminary talks with banks for loan linkage, but officials say the process is complicated by a significant number of applicants who are loan defaulters. Bankers are reportedly hesitant to approve fresh loans in such cases. However, finance department officials remain confident that a resolution will be reached in the final round of discussions with bankers. Official sources said the aim is to provide flexible support based on individual needs, ensuring youth from all socio-economic backgrounds, especially SC, ST, BC, minority, and EBC/EWS communities, can benefit. The govt is also debating whether to restrict eligibility to one member per family. To mobilise funds for the scheme, the state is reportedly exploring options such as land sales. Meanwhile, mandal-level committees, led by mandal parishad development officers, have been formed to scrutinise applications and select beneficiaries. These committees also include representatives from various welfare departments and local bankers.
New Indian Express
33 minutes ago
- New Indian Express
Sound of innovation: Mumbai mosques go digital with 'azan app' to overcome loudspeaker curbs
MUMBAI: In the backdrop of curbs over the use of loudspeakers, half-a-dozen mosques in Mumbai have registered on a dedicated mobile phone application which relays the 'azan', or call to prayer, directly to the faithful in real-time. The app, Online Azan, has been developed by a Tamil Nadu-based company. Given the restrictions and sensitivities surrounding the use of loudspeakers for the call to prayer, the dedicated mobile app helps relay the azan directly to worshippers from local mosques, Fahad Khalil Pathan, managing trustee of Mahim Juma Masjid, told PTI. The free app will allow users to listen to the azan at home, especially during Ramzan (the Islamic holy month of fasting) and other times when public announcements are restricted, he explained. "The initiative comes after a police crackdown on the use of loudspeakers, where officers visited the mosque (Juma Masjid) and warned loudspeaker use could result in action. This led to the mosque temporarily disabling its sound system," Pathan stated. To ensure that spiritual experience remains uninterrupted, especially for the elderly and those residing nearby (the mosque), the Juma Masjid in the Mahim area has adopted the app, he said. The app was developed with technical support from a team of IT professionals from Tirunelveli in Tamil Nadu, and is now available on Android devices and iPhones. The app plays a live audio stream of the azan through mobile phones, exactly when it is delivered from the mosque.
