NODWIN Gaming Secures Rs 64 Crore Investment From Parent Nazara Technologies To Fuel Growth Plans <meta name="twitter:card" content="summary_large_image"> <meta name="twitter:site" content="@ManashjyotiS"> <meta name="twitter:title" content="NODWIN Gaming Secures Rs 64 Crore Investment From Parent Nazara Technologies To Fuel Growth Plans"> <meta name="twitter:description" content="<p style="text-align: justify;">New Delhi: Gaming and esports company NODWIN Gaming said on Thursday that its parent company, Nazara Technologies, has approved an investment of Rs 64 crore to support its expansion efforts and strengthen its presence in emerging markets.</p> <p style="text-align: justify;">NODWIN Gaming is embarking on a fresh private financing round to fuel its IP and M&A (Mergers and Acquisitions) led growth, as part of which Nazara, which holds majority shares in the firm, has invested in the form of convertible preferred stock.</p> <p style="text-align: justify;"><a href="https://www.business-standard.com/industry/news/nodwin-gaming-secures-rs-64-cr-investment-from-parent-nazara-technologies-124120500478_1.html" target="_blank" rel="noopener">"The funds raised in this round will be primarily allocated to fuel NODWIN Gaming’s ongoing expansion momentum,</a> focusing on enhancing its capabilities, growing its portfolio of intellectual properties (IPs), and strengthening its presence in emerging markets," a company statement said. </p> <p style="text-align: justify;"><strong>ALSO READ: <a class="fw-bold" href="../apparel-industry-slams-proposed-gst-hike" target="_blank" rel="noopener">Apparel Industry Slams Proposed GST Hike</a></strong></p> <p><strong><img class="img-responsive" style="display: block; margin-left: auto; margin-right: auto;" title="gam.jpeg" src="../storage/app/public/post/inner-photo/blobid1733410140308.jpg" alt="" width="522" height="295"></strong></p> <div class="flex max-w-full flex-col flex-grow"> <div class="min-h-8 text-message flex w-full flex-col items-end gap-2 whitespace-normal break-words text-start [.text-message+&]:mt-5" dir="auto" data-message-author-role="assistant" data-message-id="3ea0467e-ae03-4d5b-9e9e-f7c25f33ba3b" data-message-model-slug="gpt-4o"> <div class="flex w-full flex-col gap-1 empty:hidden first:pt-[3px]"> <div class="markdown prose w-full break-words dark:prose-invert light"> <p style="text-align: center;"><em><span style="font-size: 8pt;">NODWIN Gaming secures Rs 64 crore from Nazara Technologies to fuel expansion, boost IPs, and grow in emerging markets, including esports and live events.</span></em></p> </div> </div> </div> </div> <p style="text-align: justify;">Last week, NODWIN Gaming acquired Trinity Gaming at a valuation of Rs 24 crore, revealing plans to broaden Trinity's portfolio into emerging markets, including Africa, Southeast Asia, Central Asia, and the Middle East across Nodwin Gaming's existing businesses and verticals.</p> <p style="text-align: justify;"><strong>NODWIN Gaming Aims for Global Leadership with Expansion into Esports, Gaming, and Live Events</strong></p> <p style="text-align: justify;">It has diverse intellectual properties, including major tournaments, festivals, and conferences in esports, gaming, music, comedy, pop culture, and live events. Some notable names include Comic Con India, DreamHack India, NH7 Weekender, and BGMI Master Series. </p> <p style="text-align: justify;"><strong>ALSO READ: <a class="fw-bold" href="../nbcc-arm-hscc-bags-work-orders-worth-rs-599-35-cr-maharashtra" target="_blank" rel="noopener">এনবিচিচিৰ সহযোগী প্ৰতিষ্ঠান এইচএছচিচিয়ে মহাৰাষ্ট্ৰত ৫৯৯.৩৫ কোটি টকাৰ প্ৰকল্প লাভ কৰিছে</a></strong></p> <p style="text-align: justify;">"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," the company co-founder and MD Akshat Rathee said. In addition to Nazara, Krafton, JetSynthesys, and Sony Group are shareholders in NODWIN Gaming. </p>"> <meta name="twitter:image" content="https://business-northeast.com/image-compress.php?imgpath=https://www.business-northeast.com/storage/app/public/post/feature-img/939771733410293.jpeg"> <meta property="og:image" content="https://business-northeast.com/image-compress.php?imgpath=https://www.business-northeast.com/storage/app/public/post/feature-img/939771733410293.jpeg">

NODWIN Gaming Secures Rs 64 Crore Investment From Parent Nazara Technologies To Fuel Growth Plans

BNE News Desk ,

December 5, 2024

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New Delhi: Gaming and esports company NODWIN Gaming said on Thursday that its parent company, Nazara Technologies, has approved an investment of Rs 64 crore to support its expansion efforts and strengthen its presence in emerging markets.

NODWIN Gaming is embarking on a fresh private financing round to fuel its IP and M&A (Mergers and Acquisitions) led growth, as part of which Nazara, which holds majority shares in the firm, has invested in the form of convertible preferred stock.

"The funds raised in this round will be primarily allocated to fuel NODWIN Gaming’s ongoing expansion momentum, focusing on enhancing its capabilities, growing its portfolio of intellectual properties (IPs), and strengthening its presence in emerging markets," a company statement said.

ALSO READ: Apparel Industry Slams Proposed GST Hike

NODWIN Gaming secures Rs 64 crore from Nazara Technologies to fuel expansion, boost IPs, and grow in emerging markets, including esports and live events.

Last week, NODWIN Gaming acquired Trinity Gaming at a valuation of Rs 24 crore, revealing plans to broaden Trinity's portfolio into emerging markets, including Africa, Southeast Asia, Central Asia, and the Middle East across Nodwin Gaming's existing businesses and verticals.

NODWIN Gaming Aims for Global Leadership with Expansion into Esports, Gaming, and Live Events

It has diverse intellectual properties, including major tournaments, festivals, and conferences in esports, gaming, music, comedy, pop culture, and live events. Some notable names include Comic Con India, DreamHack India, NH7 Weekender, and BGMI Master Series.

ALSO READ: এনবিচিচিৰ সহযোগী প্ৰতিষ্ঠান এইচএছচিচিয়ে মহাৰাষ্ট্ৰত ৫৯৯.৩৫ কোটি টকাৰ প্ৰকল্প লাভ কৰিছে

"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," the company co-founder and MD Akshat Rathee said. In addition to Nazara, Krafton, JetSynthesys, and Sony Group are shareholders in NODWIN Gaming.