HT TECH wants to start sending you push notifications. Click allow to subscribe

Nodwin Gaming raises 164 crore from PUBG developer Krafton

The company plans to use the fund to expand its e-sports portfolio in South Asia, Middle East, and Africa.

By: HT TECH
Updated on: Aug 21 2022, 15:31 IST
Nazara had invested into NODWIN Gaming in 2018. The company says this investment has created a value in excess of 6.44X in 3 years. (Nodwin Gaming)

Nodwin Gaming, an e-sports company and subsidiary of mobile gaming company Nazara Technologies, on Tuesday, said it had raised 164 crore of equity investment from South Korean firm Krafton.

Krafton is the creator of popular games such as PLAYERUNKNOWN’S BATTLEGROUNDS(PUBG), TERA, Golf King, and Castle Burn.

You may be interested in

Mobiles Tablets Laptops
7% OFF
Apple iPhone 15 Pro Max
  • Black Titanium
  • 8 GB RAM
  • 256 GB Storage
₹148,900₹159,900
Buy now
28% OFF
Samsung Galaxy S23 Ultra 5G
  • Green
  • 12 GB RAM
  • 256 GB Storage
₹107,999₹149,999
Buy now
Google Pixel 8 Pro
  • Obsidian
  • 12 GB RAM
  • 128 GB Storage
₹106,998
Check details
Apple iPhone 15 Plus
  • Black
  • 6 GB RAM
  • 128 GB Storage
₹87,900
Check details
21% OFF
Acer Swift Go SFG14 41 NX KG3SI 002 Laptop
  • Pure Silver
  • 8 GB RAM
  • 512 GB SSD
₹58,999₹74,999
Buy now
39% OFF
Acer Aspire 5 A515 57G Laptop
  • Gray
  • 16 GB RAM
  • 512 GB SSD
₹54,949₹89,999
Buy now
22% OFF
Acer Aspire 3 A315 24 NX KDESI 004 Laptop
  • Silver
  • 8 GB RAM
  • 512 GB SSD
₹33,499₹42,999
Buy now
40% OFF
Asus VivoBook 15 X515JA BQ322WS Laptop
  • Transparent Silver
  • 8 GB RAM
  • 512 GB SSD
₹31,350₹51,990
Buy now
34% OFF
Xiaomi Pad 6
  • Mist Blue
  • 6 GB RAM
  • 128 GB Storage
₹26,299₹39,999
Buy now
55% OFF
Lenovo Tab M10 5G
  • Abyss Blue
  • 6 GB RAM
  • 128 GB Storage
₹20,999₹47,000
Buy now
21% OFF
Realme Pad 2
  • Imagination Grey
  • 6 GB RAM
  • 128 GB Storage
₹19,749₹24,990
Buy now
Honor Pad X9
  • Gray
  • 4 GB RAM
  • 128 GB Storage
₹14,999
Check details

Following the deal, Nazara will continue to own a stake in excess of 50% in Nodwin Gaming. The company said that the funds would be utilised to accelerate the development of e-sports in South Asia, the Middle East, and Africa. It will also help support talent and develop better gaming infrastructure and technology.

“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. Gautam and I, the Co-Founders of NODWIN Gaming, continue our journey with all of our existing investors reinforcing their faith in us,” said Akshat Rathee, Co-Founder and Managing Director, NODWIN Gaming.

This round of funding follows previous investments from Rakesh Jhunjhunwala-backed Nazara Technologies Limited and from JetSynthesys Private Limited backed by Infosys Limited co-founder Kris Gopalakrishnan, said the company in a release.

The investment comes when Krafton is making efforts to bring back the popular PUBG Mobile in India. The game along with several other China-linked apps were banned by the Indian government last year. Interestingly, the company announced in November last year that it would bring back the game. The government, however, clarified it had not given any permission to the company.

According to an IGN report, Krafton had held talks with the likes of Reliance Jio, Airtel and Paytm to be its publisher in India. Evidently, the firm has not been successful. The report further pointed out that Krafton had taken over publishing duties from China’s Tencent following the ban. 

It announced a partnership with Microsoft to leverage the Azure cloud platform for its games. It also said that it would invest $100 million in India to boost local video game, e-sports, entertainment, and IT industries.

The report further pointed out that Krafton’s deal could set a new precedent wherein the banned apps return to India. It is worth noting that Tencent owns a 13.2% stake in Krafton.

Catch all the Latest Tech News, Mobile News, Laptop News, Gaming news, Wearables News , How To News, also keep up with us on ,Twitter, Facebook, , and Instagram. For our latest videos, subscribe to our YouTube channel.

First Published Date: 09 Mar, 12:37 IST
Tags:

Sale

Mobiles Tablets Laptops
4% OFF
Samsung Galaxy S24 Ultra
  • Titanium Black
  • 12 GB RAM
  • 256 GB Storage
₹129,999₹134,999
Buy now
7% OFF
Apple iPhone 15 Pro Max
  • Black Titanium
  • 8 GB RAM
  • 256 GB Storage
₹148,900₹159,900
Buy now
13% OFF
Xiaomi 14
  • Matte Black
  • 12 GB RAM
  • 512 GB Storage
₹69,999₹79,999
Buy now
10% OFF
Apple iPhone 15 Plus
  • Black
  • 6 GB RAM
  • 128 GB Storage
₹80,590₹89,900
Buy now
38% OFF
Xiaomi Pad 6
  • Mist Blue
  • 6 GB RAM
  • 128 GB Storage
₹24,999₹39,999
Buy now
38% OFF
Lenovo Tab M10 5G
  • Abyss Blue
  • 6 GB RAM
  • 128 GB Storage
₹20,999₹34,000
Buy now
28% OFF
Realme Pad 2
  • Imagination Grey
  • 6 GB RAM
  • 128 GB Storage
₹17,999₹24,999
Buy now
41% OFF
Lenovo Tab M9
  • Frost Blue
  • 3 GB RAM
  • 32 GB Storage
₹9,449₹16,000
Buy now
38% OFF
Acer Aspire 3 A315 24 NX KDESI 004 Laptop
  • Silver
  • 8 GB RAM
  • 512 GB SSD
₹32,790₹52,999
Buy now
27% OFF
Infinix INBook X1 Neo XL22 Laptop Intel Celeron Quad Core 8 GB 256 GB SSD Windows 11
  • Blue
  • 4 GB RAM
  • 128 GB SSD
₹21,990₹29,990
Buy now
29% OFF
Asus ROG Zephyrus G14 GA401QH BM072TS Laptop
  • Grey
  • 8 GB RAM
  • 512 GB SSD
₹65,990₹92,990
Buy now
35% OFF
Asus VivoBook Pro 15 M6500RC HN741WS Laptop
  • Quiet Blue
  • 16 GB RAM
  • 512 GB SSD
₹67,990₹104,990
Buy now
NEXT ARTICLE BEGINS