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Nazara, MIXI Global Investments & Chimera VC Launch LVL Zero To Power India’s Gaming Startups
Inc42 Media· 2025-11-08 18:32
Core Insights - LVL Zero, India's first equity-free gaming incubator, was launched to strengthen the country's game development ecosystem and support startups with investor readiness and mentorship [1][2][4] - The incubator will provide a total grant pool of $100,000, offering $10,000 equity-free grants to 10 startups per cohort, aiming to support over 100 startups in the next five years [2][3] - The Indian gaming market is projected to grow from $3.8 billion in FY25 to $9.2 billion by FY29, with a CAGR of 20%, highlighting the potential for growth in the sector [3] Company Contributions - Nazara Technologies, as a publicly listed gaming company in India, brings expertise in mobile gaming, esports, and publishing, enhancing the incubator's domestic reach [4] - MIXI Global Investments provides global market access and strategic guidance, leveraging its position as the corporate venture capital arm of Japan-based MIXI, Inc. [4] - Chimera VC focuses on early-stage Indian gaming startups, offering capital and network support to facilitate growth [4] Support and Mentorship - Google serves as the knowledge partner for LVL Zero, providing mentorship and technical guidance to participating startups, leveraging its app distribution platform, Google Play [5] - The program emphasizes problem-aligned mentorship and access to capital and global publishing networks to enhance the startups' growth potential [2][5]