Punk Industries has for the last six months prepared to enter into India and launch its products. The company has been carefully examining the Indian market through collaboration with a local team of consultants and business experts. Punk Industries has now decided to launch Punk Trader and Ecap Esports during the second half of this year and Mumbai will become the company’s base of operations.
Punk Industries will fit well into the Indian market, as India’s economy is at the forefront of the so-called new economy, an economy that aligns with the growth strategy. For the company’s subsidiary, Punk Trader, the recent legislative shift by the Indian government to formally recognise cryptocurrency trading in India actually took a huge step towards regulation. This recent step presents an opportunity as it seeks to capitalise on one of the fastest-growing and largest markets for cryptocurrency trading.
Punk industries hold 50% ownership of Ecap Esports Ltd, regard India, with its huge population and more than 400 million online gamers to present an obvious growth opportunity. Ecap, with their groundbreaking social eSports app, is bound to capitalise on the growing eSports segment and have seen a 40% year on year growth as of lately.
Source: PI/PT/ECAP
