NODWIN Gaming, a prominent leader in gaming, esports, and youth entertainment, has announced an investment of INR 64 crores from its parent company, Nazara Technologies Limited. This marks Nazara as the first investor in NODWIN’s new private financing round.
The funding, approved by both NODWIN and Nazara’s boards, is part of NODWIN’s strategy to strengthen its global expansion, enhance intellectual properties (IPs), and grow its presence in emerging markets. The investment is structured as convertible preferred stock, reflecting Nazara’s continued support for NODWIN’s vision to become a global leader in new-age media and esports.
NODWIN Gaming has achieved significant growth through organic initiatives and strategic acquisitions. In Q2 FY24, the company reported a revenue increase of 91% QoQ and 111% YoY. Recent expansions include investments in Comic Con India and the acquisition of Trinity Gaming.
Co-founder and MD Akshat Rathee expressed gratitude to Nazara, emphasizing NODWIN’s commitment to innovation and capturing the global youth audience.
Founded by Rathee and Gautam Singh Virk, NODWIN boasts an extensive portfolio of IPs across gaming, esports, music, comedy, and pop culture. Key acquisitions include Germany’s Freaks 4U Gaming, Singapore-based Branded, and Turkey’s Ninja Global.
As of November 2024, NODWIN Gaming was valued at INR 3,441 crores ($410 million). Existing shareholders include Krafton, JetSynthesys, and Sony Group.