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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 · 7d 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.

Nazara Technologies to invest $100 Mn for M&A in next 24 months

EntrackrEntrackr · 1y ago
Nazara Technologies to invest $100 Mn for M&A in next 24 months
Medial

Nazara Technologies Limited, a gaming and sports media company, has planned to invest $100 million towards mergers and acquisitions (M&A) within the next 24 months. The current plan follows a Rs 760 crore ($90 million) round via a preferential allotment from marquee investors such as Nikhil Kamath, ICICI Prudential MF and Plutus Wealth Management among others. The company will focus on established gaming IP’s, studios and also those advancing in technologies like web3, virtual reality, and AI. “Nazara has seen significant success in its ‘acquire and scale’ strategy over the last few years as can be seen by the post-acquisition growth in Kiddopia, Nodwin Gaming and Sportskeeda among others. The $100 million pledge will further enhance this opportunity for it in that direction. We are particularly focused on investing in and acquiring gaming studios globally with a specific focus on India’s 500 million gamers as well as the large North American market” said Nitish Mittersain, CEO of Nazara Technologies. Nazara’s portfolio companies include, Nodwin Gaming in the esports space, Sportskeeda and Pro Football Network in the sports media space. Nazara’s offerings across the interactive gaming segment include gamified early learning products like Kiddopia and Animal Jam which are global leaders in their respective segments.

Nazara invests Rs 196 Cr in five firms including Funky Monkeys Play

EntrackrEntrackr · 1y ago
Nazara invests Rs 196 Cr in five firms including Funky Monkeys Play
Medial

Nazara Technologies Limited, India's premier listed gaming and esports company, has invested Rs 196 crores in four gaming companies. The company acquired a 60% stake in Funky Monkeys Play for Rs 43.7 crore. This investment in Funky Monkeys Play is aimed to expand Nazara’s footprints into physical entertainment. Nazara also invested Rs 4.2 crores in LearnTube.ai, an AI-driven educational platform with over 20 lakh users, to improve gamified learning experiences. The rest of the Rs 148 crore has been allocated to existing subsidiaries, including Nodwin Gaming, Sportskeeda, and Datawrkz at Rs 64 crore, Rs 69 crore and Rs 15 crore, respectively. “These initiatives align with our vision of creating a diversified global gaming and entertainment platform,” said Nitish Mittersain, CEO, Nazara. Nazara continues to dominate India's esports landscape with back to back acquisitions through main and subsidiaries. Recently, Nazara-backed NODWIN Gaming acquired a gaming agency Trinity Gaming for $2.8 million. In October, Nazara' subsidiary Datawrkz acquired a 100% stake in UK-based Space & Time. It also invested Rs 982 crore in PokerBaazi’s parent Moonshine Technology and acquired stakes in e-sports companies such as Stan, Fusebox Games, Kiddopia’s developer Paper Boat Apps, Ultimate Teen Patti, and DeltiasGaming. Last month, the Mumbai-based firm also raised Rs 855 crore (approximately $100 million) through a preferential issue. Nazara’s revenue from operations reported a modest growth of 7.4% Q-o-Q to Rs 319 crore in Q2 FY25 with profits increasing only 2.4% to Rs 21.75 crore in the same period. Before the market closed on Monday, the company’s shares were trading at Rs 1,012, with a total market capitalization of Rs 7,747 crore (approximately $922 million).

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