The Indian esports company NODWIN Gaming has received $22.4 million in funding from the maker of PUBG Mobile, Krafton. NODWIN Gaming is a subsidiary of the Indian gaming giant Nazara.
NODWIN Gaming has partnerships with several firms like ESL, Tencent, Riot, Blizzard Entertainment, and Valve. After this investment from the South Korean gaming giant, Nazara’s stake in NODWIN will get a bit diluted. But the parent company will still have over 50% in stakes in its esports arm.
“Esports will be a key pillar to the growth of sports entertainment in the future. It 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 of NODWIN Gaming.
The investment from Krafton will help NODWIN expand to newer markets beyond India. The company recently expanded into Africa. The company is especially focused on the African and Middle East markets in the near future.
The CEO of Krafton Changhan Kim said that the company was excited to partner with NODWIN. He added that Krafton is going to explore additional investment opportunities in the region to help esports grow.
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