DNC Capital invests in Indonesian e-sports channel RevivaLTV

Zhexin IT Co’s Indonesian unit, DNC Capital, has invested an undisclosed amount in local e-sports media RevivaLTV (Revival) following an investment into game developer studio Toge Productions earlier this month.

Revival broadcasts news related to competitive gaming and video games, a growing industry in Indonesia in its own right. As the pioneer of eSports media in Indonesia, Revival’s mission is to cultivate interests in the professional gaming sector.

“This is a huge leap for eSports in Indonesia. The collaboration will not only affect us as a media but also all aspects of eSports in the country,” said Revival CEO, Ahmad Syahndy.

“The fact that eSports also has an element of entertainment as in any other sports like soccer, basketball, and tennis is often overlooked. This has been proved through past eSports tournaments that had pooled over $20 million worth of prizes. The number of eSports viewers have reached the same level as baseball viewers, and is catching up with NBAs,” he added.

Investment in Revival once again shows DNC’s commitment to develop Indonesia’s gaming sector. Zhexin IT, DNC’s parent company, was established in 2010 as a game maker firm with only four staff. Since then, the company has grown to employ 260 workers and has a market capitalization of $4 billion. Zhexin IT’s shareholder is Zhejiang Jinke Entertainment Culture, which announced a partnership with Project Discovery Ltd to create DNC.

Last year, DNC also invested in Indonesian mobile game developer Touchten, which is known for games such as Target Acquired, Warung Chain: Go Food Express, and Rapstronaut. It participated in a series D funding round for Touchten along with other Chinese investors.

DNC had previously announced a $10 million fund to invest in games companies in Southeast Asia with a focus on Indonesia.

Also Read:

Indonesia: Game developer Toge Productions gets funding from Zhexin’s DNC

Zhexin’s Indonesian arm launches $10m fund, focusing on local companies

DSG Consumer Partners-backed Hostmaker raises $6.5m in new round

Exclusive: India’s Aavishkaar looks to raise $150m for Indonesia, invest in 15 cos

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In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

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  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.