Nodwin Gaming is the First Indian Esports Startup to Raise ₹164 Crore Funding from Krafton
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For the development of esports in South Asia, the Middle East, and Africa, Krafton has invested Rs 164 crore in Nodwin Gaming. The investment comes to support talent, build gaming infrastructure, and provide technology in the esports scene of the regions. Along with this, the Korean giant company Krafton has picked up a minority stake in the company.
This is not the first time when Nodwin Gaming has managed to raise funds. Earlier, they raised around Rs 100 crore from Nazara Technologies Limited. Krafton is known for its PlayerUnknown Battlegrounds (PUBG), TERA, Golf King, and Castle Burn.
The esports startup based in Gurugram, Haryana has also generated funds from JetSynthesys Private Limited, supported by Infosys Limited Co-Founder Kris Gopalakrishnan.
This perhaps is one of the biggest news in the Indian esports scene. Akshat Rathee, Co-Founder and Managing Director, Nodwin Gaming, quoted saying,
“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. We are building from India for the world based on our competence in mobile-first markets.”
Changhan Kim, CEO of Krafton, on the recent investment, said,
“Krafton is excited to partner with Nodwin Gaming to help foster the promising esports ecosystem. Also, we will engage with our fans and players in India. Also, taking the momentum from this partnership, we will explore additional investment opportunities in the region. We are committing to cultivate the local video game, esports, entertainment, and tech industries.”
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Mohit Kumar
(212 Articles Published)