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Tuesday, June 25, 2024

Nazara acquires majority stake 55% in Nodwin Gaming

Nazara Games, which entered into the esports fraternity last year with ₹ 136 crore investment announcement has executed a deal with Nodwin Gaming. The mobile game production giant, which announced their investment plans last year to support their esports endeavors have now gone a step ahead and acquired a majority stake in Nodwin Gaming.

Route Mobile, a similar player in the industry has already ventured into the era and have supported Signify, a DotA 2 squad.

Nodwin, which is responsible for introducing international brands in India such as ESL, ESWC, was formed by an equal share partnership by Gautam Virk and Akshat Rathee & Jetsynthesis Pvt. Ltd., a marketing firm holding multiple digital properties.

EY acted as the exclusive financial advisor to the transaction. Nazara Technologies Ltd., is also preparing for initial public offering in the upcoming quarters as per the sources.

Nazara, with its majority investment in NODWIN, is furthering its commitment of developing the esports ecosystem to enable competitive online & offline gaming, create localized leagues and cups and boost esports as spectator sports in India.

The approach includes localized content creation around global events (ESL One, ESL Pro League, Intel Extreme Masters, The International by Valve, etc) and creating local events by bringing in sponsors. This
will give a massive boost to the creation of world-class esports athletes and players emerging from the Indian ecosystem.

Sandeep Singhal, MD, Westbridge Capital quoted “Nazara and Nodwin coming together is a great
win-win for the shareholders of both the companies. We are delighted at the possibility of this

According to Manish Agarwal, CEO, Nazara Technologies, “Through this acquisition we aim to provide Indian esports enthusiasts a robust player and community orientated esports ecosystem, in which players can thrive, improve their skills and become top competitors at an international level.

According to, NODWIN Gaming, CEO and Managing Director, Akshat Rathee, “esports is one of the fastest growing sports worldwide. This acquisition by Nazara Games adds to the credibility of NODWIN and opens up a wide vista of opportunities for Indian esports players to build careers domestically and Internationally. It strengthens our ability to provide our key stakeholders better experiences and bigger opportunities to engage with our community.”

Rajan Navani, Vice Chairman, and Managing Director, Jetsynthesys Pvt Ltd., added “Having worked closely with Akshat Rathee and Gautam Virk to build Nodwin Gaming to this level, we are pleased and excited about the future opportunity for all of us, that opens up with Nazara’s participation to help establish Nodwin as the clear leader in e-sports over the longer term.”

We regret an earlier story mentioned Signify’s investor as Nazara instead of Route Mobiles. It has now been rectified.


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