NODWIN Gaming raises INR 164 Crore investment funds from a popular South Korean developer, KRAFTON. It is known for conceptual and challenging games such as PUBG, Golf King World Tour, and many more.
These funds will significantly impact the further improvement and development of eSports and gaming scenarios. It will also accelerate the growth, supporting talent, improvising technology and intellectuals in South Asia, Africa, and the Middle East.
It is the third round of such a significant investment. The first two rounds concluded funds from Nazara Technologies Limited and Jetsynthesis limited by Infosys’s limited Co-Founder Kris Gopalkrishnan. However, Nazara’s investment in NODWIN Gaming in 2018 will continue to hold half of its shares.
“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,” said Akshat Rathee, co-founder and managing director, NODWIN Gaming.
This investment will lead to massive success for the company. It will also award more people towards eSports and gain interest in South Asia, Africa, and the Middle East.
KRAFTON’s Response to NODWIN Gaming Investment:
“KRAFTON is excited to partner with NODWIN Gaming to help foster the promising esports ecosystem and engage with our fans and players in India,” said Changhan Kim, CEO of KRAFTON. “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.”
It clearly states that KRAFTON is happy to invest in NODWIN Gaming, encouraging the eSports ecosystem and gaming industry. This will uplift new opportunities and challenges for the Gaming industry.
Manish Agarwal, CEO, Nazara Technologies, said, “Nazara has been an early and strong believer in the potential of esports to disrupt the sports entertainment market. We believe this partnership between KRAFTON and the Nazara group will accelerate the growth of esports and open doors for collaboration between Indian and Korean gaming companies in the future.”
About NODWIN Gaming:
NODWIN Gaming, set up in 2014, is an independent gaming company supported by Nazara technologies. It organizes many IPs, content production, and hosting tournaments merging with global organizations including ESL, KRAFTON, Tencent, and many more.
NODWIN has been introducing and supporting the audience to significant eSports experiences. It has also been conducting events such as global championship ESL One, PUBG Mobile eSports, and more.