Reliance’s wholly-owned subsidiary, Rise, has entered into a strategic partnership with BLAST Esports to revolutionise the esports industry in India. The collaboration will establish a joint venture (JV) that merges BLAST’s expertise in esports media production with Jio’s technological capabilities and extensive distribution network. This initiative aims to bolster India’s esports ecosystem by facilitating sustainable growth and innovation.
The newly formed JV is set to enhance the entire esports spectrum in India. It will provide services to game publishers and sponsors, offer end-to-end tournament management, and implement targeted marketing strategies. Additionally, the JV will focus on high-quality production and broadcasting, ensuring a seamless gaming experience for both players and audiences. By leveraging BLAST’s strong global network and Jio’s vast technological resources, the partnership is expected to propel India’s esports industry onto the international stage.
With India emerging as one of the fastest-growing gaming markets globally, this partnership holds immense potential. Robbie Douek, CEO of BLAST, emphasised that the JV will not only nurture the Indian esports ecosystem but also create avenues for local talent to gain global recognition. Devang Bhimjyani, Head of Reliance Sports, expressed confidence that this collaboration would enable Indian esports to reach its full potential, aligning with Reliance’s broader interest in sports and Jio’s commitment to technological advancement.
As of April 02, 2025, at 12:15 PM, Reliance Industries share price was trading at ₹1,251.70 per share, reflecting a decline of 0.09% from its previous closing price. Over the past month it has surged by 7.04%.
The partnership between Rise and BLAST Esports signifies a major milestone in India’s esports industry. As esports gains prominence worldwide, including recognition from the International Olympic Committee and its inclusion in the 2023 Asian Games, this joint venture is poised to accelerate India’s presence in the competitive gaming arena. By combining expertise, technology, and strategic planning, the initiative promises to transform India into a global esports powerhouse.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Apr 2, 2025, 3:05 PM IST
Team Angel One
We're Live on WhatsApp! Join our channel for market insights & updates