This funding round was skillfully orchestrated by Sidharth Kedia, CEO of NODWIN Gaming
Follow Us
Indian tournament organizer NODWIN Gaming has recently completed a highly successful funding round, raising an impressive $28 million USD from a mix of new and existing investors. This infusion of capital, as stated in a press release, will primarily be utilized to expand and nurture NODWIN’s gaming and esports ecosystem. It will involve venturing into newer intellectual properties (IPs), bolstering the market presence of NODWIN in emerging regions, and strategically acquiring assets to enhance the network’s value. NODWIN Gaming Secures $28 Million Funding Round, Valuation Skyrockets to $349M
Prominent contributors to this funding round include familiar faces such as Nazara, KRAFTON Inc, and JetSynthesys. NODWIN Gaming’s previous fundraising endeavor occurred in March 2021 when the company secured a $22.4 million investment from KRAFTON, valuing the company at $135 million. With the latest funding round in 2023, NODWIN Gaming’s valuation has skyrocketed to an impressive $349 million post-money, reflecting an exceptional 2.7-fold increase within a two-year timeframe.
While the release did not disclose the identities of the new investors, Sportslumo’s examination of stock market filings revealed Sony Group Corporation and Innopark (India) Private Limited as the recent entrants in NODWIN Gaming’s investor roster. Akshat Rathee, co-founder and managing director of NODWIN Gaming, expressed deep gratitude for the achievements and extended appreciation to all parties involved.
“I am immensely grateful and blessed to have achieved a remarkable 68% compound annual growth rate (CAGR) over the past two years, despite the volatility of the market,” commented Akshat Rathee. NODWIN Gaming has not only achieved robust growth but has also maintained profitability while establishing a dominant global position in mobile esports, consistently delivering value to shareholders. Rathee attributed much of this success to the dedicated team led by co-founder Gautam Virk, whose instrumental role has transformed their vision into reality. Looking forward, NODWIN aims to become a global frontrunner, serving as a major thought leader and the leading player in the emerging market space. Recognizing the rapid convergence of gaming, esports, and youth culture, the company plans to solidify its value proposition as a sports media company with a strong focus on esports, capturing the attention and mindshare of its target audience as a key growth metric.
This funding round was skillfully orchestrated by Sidharth Kedia, CEO of NODWIN Gaming, with legal counsel provided by Murtaza Somjee from Jerome Merchant + Partners.
With the successful conclusion of this funding round, NODWIN Gaming has cemented its position as a dominant force in the Indian esports industry. The company’s portfolio boasts a range of impressive intellectual properties, including Dreamhack India and ESL India Premiership. Furthermore, NODWIN Gaming has organized several high-profile esports tournaments in India, such as the VALORANT Challengers 2023: South Asia and the BATTLEGROUNDS MOBILE INDIA (BGMI) Masters Series. This recent injection of capital will undoubtedly propel NODWIN Gaming even further, enabling them to continue shaping and advancing the Indian esports landscape.
Read More: Battlegrounds Mobile India (BGMI) Makes a Comeback for 90 Days
The Fusion of Minecraft and World of Warcraft in Gala’s Epic Survival Game Mirandus
Preview of Upcoming DLC in Rust: Launching Next Month
Get the latest from Sportslumo.com by following us on Instagram, Twitter, and YouTube
