Arjun Egaisi Chess Sponsorship – Quantbox Arjun Egaisi: Chess prodigy Arjun Ergaisi’s has got a BIGGEST EVER Sponsorship deal in Indian Chess history. The Grandmaster from Telangana has signed a Rs 12. 5-crore sponsorship deal with a Singapore firm Quantbox. This marked Erigaisi’s first-ever sponsorship deal in his chess career as a professional player of the sport. Erigaisi has won several global events this year and has also world champion Magnus Carlsen recently: Follow Chess News LIVE Updates with InsideSport.IN
BREAKING: 🇮🇳 GM @ArjunErigaisi signs a long term deal with Quantbox! 👏👏
— Chess.com – India (@chesscom_in) December 13, 2022
Sponsorship duration = 5 years
Amount = 2.5 crores per year
Total = 12 crore, 41 lakhs
Quantbox was started by Prashant Singh and it is a quantitative trading firm based out of Singapore.
Congrats Arjun! pic.twitter.com/vD9Onmoknv
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Arjun Egaisi Chess Sponsorship: Indian Chess prodigy Arjun Ergaisi bags $1.5MN MEGA Sponsorship deal, signs with Quantbox: Check DETAILS
Quantbox was started by Prashant Singh, who is an ex-chess player and a big fan of Erigaisi. He is currently the Chief executive officer of Quantbox Research. “We at Quantbox are backing Arjun not just as a sponsor but more so as fans! Chess and Quantbox share a common theme of strategy, problem-solving, and agility. Quantbox is honored to be the sponsor of Arjun. In the game of chess, we are extremely optimistic that Arjun will win the world title, and we would like to be there with him all the way,” said Prashant.
According to the press release, the duration of the sponsorship is five years and amounts to over $1.5 million. (₹12 crores, 41 lakhs approximately.)
2022 can be considered as the breakthrough year for Erigaisi as he consistently kept improving his game and his Elo rating. As of December 13, 2022, he is ranked number 26 in the world by classical rating.
Erigaisi’s Performances In 2022
- Erigaisi is having a great year in 2022
- He started the year with a bang as he clinched the 2022 Tata Steel Challengers event with a round to spare.
- He proved his mettle in India by winning the Indian national championship and followed it up by winning the prestigious Delhi Open 2022 in March.
- Later this year, he also qualified to the finals of the Generation Cup and managed to beat Magnus Carlsen in an online game.
- He won the 2022 Tata Steel Chess India blitz event in Kolkata.
- He ended the year with a fascinating win over GM Fabiano Caruana at the World Rapid Championship in Poland.
The progression in rating also helped him to be a part of the Indian A team in the 44th Chess Olympiad. He made the most of the opportunity as he secured the individual silver medal in the event. He carried the momentum by winning the 2022 Abu Dhabi Masters.
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