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Mythik appoints former Jio Games head Sidharth Kedia as COO

EntrackrEntrackr · 6m ago
Mythik appoints former Jio Games head Sidharth Kedia as COO
Medial

Mythik appoints former Jio Games head Sidharth Kedia as COO. Mythik, an entertainment company founded by former Housing.com CEO Jason Kothari, has appointed Sidharth Kedia as Chief Operating Officer, where he will lead operations and strategic finance. Kedia is an experienced media, entertainment, and gaming business leader, who was Head of Jio Games, Chief Strategy Officer of Viacom 18, and CEO of Nodwin, South Asia’s leading esports company. Kedia had also a stint at Reliance Chairman Mukesh Ambani’s office, where he led the Project Management Office for Jio’s telecom launch and was also responsible for integrating Network 18 into RIL. “Jason’s ambitious vision for Mythik aligns with how I’ve always imagined our own mythological universe’s potential from both a creative and business standpoint. Since childhood, I’ve been captivated by these stories my grandparents told me and as a huge Marvel fan, I’ve often wondered why our superheroes never got the global spotlight they deserve. We plan to change that at Mythik,” said Kedia. Mythik is a tech-first global entertainment company with a vision to bring Eastern mythology, history, and folktales to a worldwide audience for the first time and create the ‘Disney from the East’. Soon after the launch in April, the company raised $15 million in a seed funding round from Sakal Media Group, BITKRAFT, VC Grid, Visceral Capital, Jason Kothari, Shah Rukh Khan’s family office, and others.

NODWIN Gaming receives Rs 64 Cr from parent Nazara Technologies

EntrackrEntrackr · 1y ago
NODWIN Gaming receives Rs 64 Cr from parent Nazara Technologies
Medial

Gaming and esports company Nodwin Gaming has received approval of Rs 64 crore ($ million) in funding from its parent company Nazara Technologies. The proceeds will be 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. Before this investment, the Gurugram-based company was valued at $410 million as of November this year. NODWIN Gaming, a part of the listed company Nazara Technologies, is a gaming and sports media platform with a presence in India and global markets such as Africa and North America. It offers interactive gaming, e-sports and gamified early learning ecosystems. NODWIN Gaming recently expanded its portfolio with strategic acquisitions including Freaks 4U Gaming, a German esports and gaming marketing agency; events company Comic Con, Ninja Global a Turkish esports and gaming company; Singapore-based live events firm Branded; and Publishme, a West Asia and Turkey-focused marketing agency. Last week, the Nazara subsidiary also acquired Trinity Gaming for Rs 24 crore.

NODWIN Gaming offloads full stake in EVO to RTS

EntrackrEntrackr · 5d ago
NODWIN Gaming offloads full stake in EVO to RTS
Medial

NODWIN Gaming has sold its entire stake in the Evolution Championship Series (EVO) to RTS. The move marks a strategic portfolio realignment for the esports firm. Despite exiting its ownership position, NODWIN said it will continue to support EVO’s expansion in emerging markets as a long-term regional partner. EVO is one of the world’s largest fighting game tournaments and brings together players, publishers, and fans from across global markets. RTS will now lead the next phase of growth for the platform as it pursues further international expansion. The transaction aligns with NODWIN Gaming’s renewed focus on emerging gaming markets. The company said it will continue to invest in local intellectual properties and ecosystem development across high-growth regions in the Global South. On the financial front, NODWIN returned to an EBITDA-positive position in Q3 FY26. For the first nine months of FY26, the company reported revenue of Rs 530.3 crore, or about $58.5 million. This represented a 58% year-on-year increase. NODWIN Gaming will also work with RTS on EVO’s expansion into emerging markets. Further announcements are expected in the coming months. In January 2018, Nazara Technologies acquired a 55% stake in NODWIN Gaming through a cash-and-stock deal. It later infused capital into the Gurugram-based company through multiple tranches. In July last year, Nazara said it would no longer retain majority control in NODWIN Gaming.

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