Nodwin Gaming raises ₹164 cr funding from PUBG owner Krafton

Nodwin Gaming, an Esports firm, has raised Rs 164 crore in equity investment from South Korean gaming firm Krafton.

The influx of funds will be used for the development of esports in three regions – South Asia, Middle East and Africa.

Significantly, this is Nodwin’s third round of funding. Earlier the company had raised funds from Nazara Technologies Limited and from JetSynthesys Private Limited.

Speaking on the development, Akshat Rathee, co-founder and managing director, Nodwin Gaming said: “Esports sits at a wonderful intersection of sports, entertainment and technology where nations such as India can pave the path. With Krafton coming on board, we have an endorsement from the mecca of gaming and esports – South Korea, on what we are building from India for the world based on our competence in mobile first markets.”

On the other hand, Changhan Kim, CEO of Krafton expressed: “Krafton is excited to partner with Nodwin Gaming to help foster the promising esports ecosystem and engage with our fans and players in India. Taking the momentum from this partnership, we will explore additional investment opportunities in the region to uphold our commitment and dedication in cultivating the local video game, esports, entertainment, and tech industries.”

Significantly, NODWIN Gaming is a gaming solutions company and creator of e-sports events. The esports company is leading the industry across various games with numerous online and offline competitions.

News Desk

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