Eventfaqs Media, India’s platform for the events and experiential marketing industry, has announced the acquisition of a majority equity stake in SportzPower, the flagship brand of Sportz Network.
This strategic move aims to further strengthen SportzPower’s leadership position in India and expand its influence in the growing Middle East sports business ecosystem.
Deepak Choudhary, managing director, Eventfaqs Media, said, “We are very excited to take a majority stake in SportzPower and partner with the brand to assist it in achieving its goals. Eventfaqs Media is the leading voice in India’s events and experiential marketing space and we will now combine our strengths to propel SportzPower and expand its reach both within India and new markets. SportzPower comes with a rich legacy and there are multiple business synergies with Eventfaqs Media, which we will now leverage to the advantage of SportzPower. It is a unique collaboration that will benefit both the brands in our quest to be the leaders in our businesses in the sub-continent and the Middle East markets.”
Thomas Abraham, co-founder, SportzPower, added, “It is a thrilling moment in SportzPower’s journey to be associating with Eventfaqs Media. It comes at an opportune time as the sports sector is growing at a scorching pace in India, and the Middle East countries are now establishing their interest and growing in multiple sports, including cricket. Having Eventfaqs Media as a partner will fast-track our efforts to deliver better value to our clients and consumers, as well as utilise their immense knowledge and resources within the business conferences space to deliver unparalleled networking opportunities to sports professionals.”
C.P. Thomas, Co-founder of SportzPower, said, “This collaboration between Eventfaqs Media and SportzPower will explore new avenues and continue to expand our influence across the B2B segment in the sports as well as the growing gaming and esports industries in the country. The partnership will propel SportzPower to play a pivotal role in shaping the narrative in India and beyond for these new-age industries. By facilitating collaboration, celebrating achievements, and driving thought leadership, SportzPower will aim to remain at the forefront of transforming ideas into extraordinary experiences, solidifying its position as the trusted voice of the sports, gaming, and esports industries.”