NODWIN Gaming plans to raise $28 million in funds from new and existing investors

Share via:

Nazara Technologies’ esports subsidiary NODWIN Gaming plans to raise $28 million in funds from new and existing investors where existing investors Nazara, Krafton and JetSynthesys will participate.

The funds will be used to expand and incubate new intellectual property, as well as to expand into new markets. The funds will also be used to fund strategic acquisitions that add value to the company’s network. NODWIN Gaming is an esports company that operates a slew of gaming and sports entertainment IPs and leverages synergies across domains to provide customers with sports-related products and services.

According to regulatory filings, Nazara has signed definitive and binding documents for NODWIN to raise capital from both existing and new investors. NODWIN Gaming will be valued at $325 million (INR 2,2624 crore) pre-money and $349 million (INR 2,887 crore) post-money.

“… we would like to continue to build our value proposition as a sports media company (with a focus on esports) to this TG (target group) by focusing on timeshare of their mindshare as the key growth metric,” said Akshat Rathee, cofounder and managing director of NODWIN Gaming.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

NODWIN Gaming plans to raise $28 million in funds from new and existing investors

Nazara Technologies’ esports subsidiary NODWIN Gaming plans to raise $28 million in funds from new and existing investors where existing investors Nazara, Krafton and JetSynthesys will participate.

The funds will be used to expand and incubate new intellectual property, as well as to expand into new markets. The funds will also be used to fund strategic acquisitions that add value to the company’s network. NODWIN Gaming is an esports company that operates a slew of gaming and sports entertainment IPs and leverages synergies across domains to provide customers with sports-related products and services.

According to regulatory filings, Nazara has signed definitive and binding documents for NODWIN to raise capital from both existing and new investors. NODWIN Gaming will be valued at $325 million (INR 2,2624 crore) pre-money and $349 million (INR 2,887 crore) post-money.

“… we would like to continue to build our value proposition as a sports media company (with a focus on esports) to this TG (target group) by focusing on timeshare of their mindshare as the key growth metric,” said Akshat Rathee, cofounder and managing director of NODWIN Gaming.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at [email protected]

More like this

This Week on Crypto Twitter: SBF Resurfaces, Yuga Labs...

Just when you thought the world was ready...

Security Bite: Jamf warns cyber hygiene among many Apple-using...

Hey, Arin here. Last week was the busiest...

Apple’s wearable ideas include smart glasses and cameras in...

Apple’s future roadmap for wearables may include AI-powered...

Popular

Upcoming Events

Startup Information that matters. Get in your inbox Daily!