Lumic
Get app

ICC Eyes First Startup Investment in LightFury Games

In an exciting development for the Indian sports-tech and gaming sectors, the International Cricket Council (ICC) is reportedly in advanced discussions for its inaugural startup investment. The target is LightFury Games, a move that could see the global cricket governing body making a significant strategic bet on the burgeoning digital entertainment space. This potential deal signifies a growing trend of traditional sports organisations exploring innovative avenues for fan engagement and revenue generation. LightFury Games is expected to secure the official ICC gaming rights for mobile, PC, and console platforms. This partnership could elevate 'E-Cricket' to become the official ICC game, opening up new frontiers for cricket's digital presence and attracting a younger demographic. Such investments highlight the increasing convergence of sports, technology, and finance in India, signalling new opportunities within the Indian startup ecosystem and the broader financial markets.

Insights

ICC Eyes First Startup Investment with Strategic Bet on LightFury Games

about 2 hours ago · Lumic

ICC looks to invest in LightFury Games, potentially making E-Cricket the official ICC game.
Lumic
about 2 hours ago
ICC Eyes First Startup Investment with Strategic Bet on LightFury Games
KEY POINTS
ICC is in advanced talks to invest in LightFury Games, marking its first-ever startup investment.
LightFury set to secure ICC's official gaming rights across mobile, PC and console platforms across.
The deal could make 'E-Cricket' the official ICC game, expanding cricket's digital fan engagement.
Moneycontrol·about 2 hours ago

More in Insights

CarTrade share price chart showing a significant upward trend, indicating stock market rally.
Lumic
about 2 hours ago

Insights

CarTrade Extends Rally as UBS Sees optimism and Upside Potential

  • CarTrade shares have surged nearly 70% since June, reaching their highest level in six months.
  • UBS maintained a bullish stance, citing stronger earnings visibility and improving business momentum
  • Growth across vehicle auctions, classifieds and financing is supporting investor confidence in stock
Business Standard·about 2 hours ago
Indian rupee symbol with rising graph indicating wholesale inflation
Lumic
about 2 hours ago

Insights

India's wholesale inflation climbs to 9.87% in June due to food prices

  • Higher wholesale inflation may lead to increased consumer prices, affecting household budgets.
  • Food producers and retailers could face cost pressures, influencing supply chains in addition.
  • Policy makers might consider inflation control measures to stabilize prices. Expect Govt to act.
Business Standard·about 2 hours ago
ICC's First Startup Investment: LightFury Games Deal | Lumic | Lumic