Mumbai: Colab Platforms Limited (BSE: 542866), India’s leading technology, sports and gaming company, today announced the launch of its dedicated esports platform – www.colabesports.in a comprehensive competitive gaming platform designed to serve India’s digital-first generation of esports athletes. The launch comes at a pivotal time when India’s esports market has demonstrated exceptional growth momentum, reaching USD 208.73 million in 2024 and projected to expand at a CAGR of 18.8% to reach USD 1,168.82 million by 2034. The Indian esports ecosystem now supports over 1.5 million professional esports athletes and is expected to contribute ₹1,100+ crore to India’s economy by 2025.
With 594 million online gamers in India as of 2024, including 155 million engaged with competitive gaming formats, the market presents significant untapped potential for organized esports platforms.
This remarkable growth trajectory is supported by strong government and institutional backing Such as:
• Formal Recognition: Esports officially recognized as a competitive sport under the Ministry of Youth Affairs & Sports in December 2022.
• Olympic Participation: India confirmed participation in the inaugural Olympic Esports Games 2027 in Saudi Arabia.
• Online Gaming Bill 2025: The Government of India has laid a framework to promote E- Sports in India.
Together, these developments underscore the immense potential of India’s E-sports industry, strengthening its position as a driver of both economic contribution and global sporting recognition.
