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GM Arjun Erigaisi has signed a five-year sponsorship take care of Singapore-based quantitative buying and selling agency Quantbox. This marked Erigaisi’s first-ever sponsorship deal in his chess profession as an expert participant of the game.
“I’m so completely happy that Quantbox has determined to sponsor me and grateful that they share my imaginative and prescient in me changing into the world champion,” mentioned Erigaisi.
Quantbox was began by Prashant Singh, who’s an ex-chess participant and a giant fan of Erigaisi. He is at present the Chief government officer of Quantbox Research. “We at Quantbox are backing Arjun not simply as a sponsor however extra in order followers! Chess and Quantbox share a typical theme of technique, problem-solving, and agility. Quantbox is honored to be the sponsor of Arjun. In the sport of chess, we’re extraordinarily optimistic that Arjun will win the world title, and we want to be there with him all the best way,” mentioned Prashant.
According to the press launch, the period of the sponsorship is 5 years and quantities to over $1.5 million. (₹12 crores, 41 lakhs roughly.)
BREAKING: 🇮🇳 GM @ArjunErigaisi indicators a long run take care of Quantbox! 👏👏
Sponsorship period = 5 years
Amount = 2.5 crores per yr
Total = 12 crore, 41 lakhsQuantbox was began by Prashant Singh and it’s a quantitative buying and selling agency primarily based out of Singapore.
Congrats Arjun! pic.twitter.com/vD9Onmoknv
— Chess.com – India (@chesscom_in) December 13, 2022
Erigaisi’s coach, GM Srinath Narayanan, known as the brand new growth as “an thrilling new starting.”
“This is basically thrilling for Arjun and his crew. I look ahead to seeing his ascent to the highest. This can also be fantastic for chess. I hope extra firms come ahead and develop the sport collectively,” mentioned Srinath.
Speaking to Chess.com, Erigaisi expressed happiness: “I’m extraordinarily completely happy to get this sponsorship, and I’m very grateful to lots of people, beginning with Prashant, the CEO of Quantbox. I might additionally wish to take the chance to thank the individuals who have been with me via the journey thus far, beginning with my household, MGD1, my crew, my coach Srinath, my managers Sreekar and Manu.”
2022 will be thought of because the breakthrough yr for Erigaisi as he constantly stored enhancing his sport and his Elo ranking. As of December 13, 2022, he’s ranked quantity 26 on the planet by classical ranking. Thanks to his superb efficiency on the not too long ago concluded Tata Steel Chess India Blitz in Kolkata, he’s ranked quantity 10 on the planet in blitz.
BREAKING: With a win over 🇦🇿 GM Shakhriyar Mamedyarov, 🇮🇳 GM Arjun Erigaisi has climbed the blitz ranking charts and is at present ranked #10 on the planet! 🌐#TataSteelChessIndia
Congrats @ArjunErigaisi 👏
Live rankings: @2700chess
📸 @LennartOotes | @tschessindia pic.twitter.com/IiixmzvlKN
— Chess.com – India (@chesscom_in) December 4, 2022
Erigaisi’s Performances In 2022
With an ideal displaying within the 2021 version of the Tata Steel Chess India, Erigaisi had already made waves. He ended the yr with a captivating win over GM Fabiano Caruana on the World Rapid Championship in Poland.
He began the yr with a bang as he clinched the 2022 Tata Steel Challengers occasion with a spherical to spare. Next, he proved his mettle in India by profitable the Indian nationwide championship and adopted it up by profitable the celebrated Delhi Open 2022 in March.
The development in ranking additionally helped him to be part of the Indian A crew within the forty fourth Chess Olympiad. He made the a lot of the alternative as he secured the person silver medal within the occasion. He carried the momentum by profitable the 2022 Abu Dhabi Masters.
Later this yr, he additionally certified to the finals of the Generation Cup and managed to beat Magnus Carlsen in a web-based sport. Finally, he received the 2022 Tata Steel Chess India blitz occasion in Kolkata.
Erigaisi is more likely to play on the FIDE World Rapid and Blitz Chess Championship happening December 26-30 in Kazakhstan. Next, he’s scheduled to play on the Tata Steel Masters 2023 in January 2023.
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