Nazara Technologies has acquired a majority stake of 55 per cent in Nodwin Gaming, one of the premier esports companies in India. Just last year, Nazara announced its foray into esports last year.
Nodwin, which is a 50:50 venture of Akshat Rathee, Gautam Virk and Jetsynthesys will become an independent subsidiary of Nazara.
The approach by Nazara includes localised 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.
Commenting on the acquisition, Westbridge Capital MD Sandeep Singhal said, “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 alliance.”
According to Nazara Technologies CEO Manish Agarwal, through this acquisition his company aims 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.
With the acquisition of Nodwin, Nazara intends to leverage its investments in mobile and digital sports category to build IPs in the esports space along with NODWIN in emerging markets across disciplines such as soccer, cricket and other traditional sports.
Nazara’s exisiting investments in mobile gaming companies like Next Wave Multi Media, Mastermind Sports, Moong Labs and Hala play are in line with building a network of synergistic companies for operations in India and other emerging markets across Middle East, Africa and South East Asia.
