Indian esports and gaming company NODWIN Gaming has announced the approval of a ₹640M (~£5,9m) investment from its parent company Nazara Technologies Limited.
NODWIN has initiated a private financing round to accelerate the company, aiming to become a leader in emerging markets in youth media, gaming and esports. According to a release, NAZARA is the first investor of the private round and will participate through convertible preferred stock.
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The funds will be primarily used to fuel NODWIN Gaming’s expansion strategy, growing its portfolio of intellectual properties (IPs) and strengthening its presence in key markets.
Founded by Rathee and Gautam Singh Virk back in 2014, NODWIN Gaming has since received investment from several stakeholders, including Krafton, JetSynthesys and Sony Group. Before its recent investment, Nodwin Gaming noted that the company’s latest valuation had reached $410m (~£322.26m), as of November 2024.
In the last two years, NODWIN has expanded its portfolio by acquiring several companies in the gaming and esports market, including gaming marketing agencies Freaks 4U Gaming and Publishme, events firm Branded, as well as Turkish esports and gaming company Ninja Global. Last week, the company also acquired gaming agency Trinity Gaming.
Aside from the acquisitions, NODWIN also secured several key partnerships with esports consulting and talent management agency 8Bit Creatives and mobile operating system Android.
In September 2024, Nazara invested in the esports platform STAN in an all-cash transaction for ~INR 18.4 Cr (~£1.68m), proving the parent company’s commitment to the gaming and esports industry.
Akshat Rathee, Co-founder and MD at NODWIN Gaming, commented: “We would like to extend our sincere gratitude to Nazara Technologies for their unwavering support and trust in the NODWIN Gaming vision every step of the way.”
“Their belief in our mission has been instrumental in driving our progress and success. As we continue on our growth and expansion journey, we remain fully committed to building a truly global company coming from India that leads with innovation, expanding our capabilities in New age media in emerging markets. Our focus is on capturing the attention and Timeshare of Mindshare of the global youth.”
