All existing investors of NODWIN Gaming (Nazara, KRAFTON, Inc. and JetSynthesys) will join new incoming investors in this funding round. The funding round values NODWIN at $349 million, marking a value accretion of 2.7X since its previous funding round in 2021. It last raised funds in March 2021 from South Korean gaming company KRAFTON, Inc. at $135 million (Rs 988 crore) value.

NODWIN Gaming, a subsidiary of Nazara Technologies, is a leading emerging market gaming and esports company. It focuses on building a sustainable ecosystem through synergies between professional esports athletes, teams, content creators, products, and audiences. NODWIN offers sports entertainment, with esports as its primary focus, catering to fans, publishers, and brands across various IPs in esports, gaming, music, comedy, and live experiences. With offices in South Asia, Singapore, Middle East, and Turkey, NODWIN Gaming plays a significant role in the industry.

Nazara Technologies is an Indian gaming and sports media platform that operates in both domestic and global markets. It offers a wide range of services in interactive gaming, eSports, ad-tech, and gamified early learning. The company possesses well-known intellectual properties such as WCC, CarromClash, Kiddopia, Nodwin, Sportskeeda, Halaplay, Openplay, and Datawrkz. Nazara Technologies has been an early player in the Indian eSports and cricket simulation markets. It caters to diverse gaming and entertainment needs with its comprehensive portfolio.

The company's consolidated net profit rose 18.18% to Rs 2.60 crore on 65.22% increase in net sales to Rs 289.30 crore in Q4 March 2023 over Q4 March 2022.