Amount Raised
$28 Million
Round Type
Funding Round
GurgaonGamingEsportsDescription
Nodwin Gaming, a subsidiary of Nazara Technologies, has signed agreements to raise $28 million (about Rs 232 crore) from Nazara, South Korean digital games developer Krafton, Japanese conglomerate Sony Group, Hyderabad-based gaming solutions provider InnoPark India, and digital entertainment and tech company JetSynthesis.According to a regulatory filing by Nazara, the funding round values Gurgaon-based Nodwin Gaming at $325 million pre-money, and $349 million post-money. In addition to Nazara, Krafton and JetSynthesis are existing shareholders in Nodwin Gaming.Nazara said in its regulatory filing that the Rs 232 crore also includes a secondary sale component, through which the founding investors of Nodwin Gaming will transfer shares worth Rs 34.76 crore to Nazara.Nazara also said that following the conclusion of the deal, it will hold 52.71% stake in Nodwin Gaming on a non-dilutive basis.Nodwin Gaming's co-founder and managing director Akshat Rathee said the fresh capital will be used for making acquisitions to grow the intellectual property (IP) portfolio, and to expand to emerging markets. The company provides esports and online gaming offerings, and has presence across South Asia, Singapore, West Asia and Turkey.“We have been able to exhibit a revenue CAGR (compounded annual growth rate) of 68% over the last two years in a tumultuous market. We have managed this growth while being able to maintain profitability in our business and gain a global dominant position in mobile esports,” Rathee said.Discover the stories of your interestBlockchain5 StoriesCyber-safety7 StoriesFintech9 StoriesE-comm9 StoriesML8 StoriesEdtech6 StoriesDuring the year ended March 2023, Nodwin Gaming recorded a turnover of Rs 381 crore, up from Rs 211 crore in FY22, and Rs 136 crore in FY21.“As we migrate to the next phase of our evolution, we would like to build a global company that is a significant thought leader and the largest player in the emerging market space
Quick answer
Nodwin Gaming raised $28 Million in a Funding Round round, dated May 18, 2023. Nodwin Gaming is based in Gurgaon, Haryana, India.
- How much did Nodwin Gaming raise?
- Nodwin Gaming raised $28 Million in a Funding Round round on May 18, 2023.
- What does Nodwin Gaming do?
- NODWIN Gaming is an India-based esports and gaming company established in 2015, dedicated to building and energizing the global gaming ecosystem.
- Where is Nodwin Gaming based and how big is it?
- Nodwin Gaming is based in Gurgaon, Haryana, India. Fundz records about 142 employees.
- Who are the decision-makers at Nodwin Gaming?
- Fundz holds 1 contact at Nodwin Gaming. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Gaming and Esports around the same time
Companies in the same sectors as Nodwin Gaming that raised within 45 days of this round, from Fundz verified event records.
- MetaCene raised an undisclosed amount (Seed) on June 19, 2023.
- M80 raised $3M (Seed) on May 31, 2023.
- Goals raised $20M (Series A) on April 19, 2023.
- Scriptic raised $5.7M (Funding Round) on June 29, 2023.
- SuperScale raised $5.4M (Series A) on June 27, 2023.
- Flatpay raised $16M (Funding Round) on June 26, 2023.
Who to call at Nodwin Gaming, and when
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- An alert the day Nodwin Gaming raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Nodwin Gaming, from your own LinkedIn network
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