Colab Platforms makes a foray into digital sports market

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.

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.

The company is building a player-first competitive gaming platform for India’s digital-first generation, he said.

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