India's gaming tournament organiser NODWIN Gaming raises whopping INR 231 Crores

NODWIN Gaming raises INR 231 crores in a funding round with participation from new and existing investors.

Rohit Kumar
May 18, 2023 13:53 IST
New Update
NODWIN Gaming MD Akshat Rathee (Source - Twitter)

NODWIN Gaming MD Akshat Rathee (Source - Twitter)

India’s one of the top-most gaming tournament organiser NODWIN Gaming recently revealed that they have raised a whopping amount of INR 231 crores during a funding round where both old and new investors were present. The most played game in India last year was Battlegrounds Mobile India and NODWIN Gaming orgainsed a LAN event for BGMI which garnered a lot of success, however, the game also got banned in the same year.

Meanwhile, NODWIN Gaming’s co-founder and managing director Akshat Rathee talked about the brilliant fundraising and said that they have seen brilliant growth while gaining a lot of profit in their business. 

I am extremely grateful and blessed that we have been able to exhibit a Revenue CAGR of 68% over the last 2 years in a tumultuous market. We have managed this growth while being able to maintain profitability in our business and gain a globally dominant position in mobile esports while delivering shareholder value. The team in NODWIN led by co-founder Gautam Virk has been instrumental in manifesting this vision to reality.

We would like to continue to build our value proposition as a Sports Media Company: Akshat Rathee

It'd be interesting to see what NODWIN Gaming will bring to the Indian gaming scene in the upcoming years as there are many young kids who are hoping to pursue a career in gaming. Akshat also talked about the same and said that the esports and youth culture are colliding pretty rapidly and they'd like to contribute to it more.

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. We believe that the confluence of gaming, esports, and youth culture is colliding extremely fast and we would like to continue to build our value proposition as a Sports Media Company (with a focus on esports) to this TG by focusing on the timeshare of their mindshare as the key growth metric.” Akshat Rathee was quoted as saying by AFK Gaming.