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Sidharth Kedia returns as strategy chief at NODWIN Gaming

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NODWIN Gaming logo
Date
Company
NODWIN Gaming
What it does
Youth media and esports platform
Kind
People
Founded
2015
Sector
Consumer Internet & Media

What they do

NODWIN Gaming is a youth media platform that runs esports tournaments and content partnerships

What happened

Sidharth Kedia, former CEO, has been appointed chief strategy and investments officer to lead IPO preparations

Why it matters

The company is exploring a $100 million pre-IPO round and expects annual revenue of around Rs 700 crore

The details

  • Sidharth Kedia has been appointed chief strategy and investments officer at NODWIN Gaming.
  • Kedia previously served as NODWIN Gaming's CEO from 2019 to 2023.
  • In his new role, Kedia will oversee strategy, fundraising and mergers and acquisitions.
  • NODWIN Gaming is preparing for a potential initial public offering (IPO).
  • The company is exploring a pre-IPO funding round of around $100 million.
  • The pre-IPO readiness plan includes governance alignment, regulatory compliance and investor demand assessment.
  • NODWIN Gaming expects annual revenue of around Rs 700 crore.
  • The company's India business is already profitable.

The bigger picture

  • Kedia's return comes as NODWIN Gaming prepares for an IPO after separating from parent Nazara Technologies.
  • During his earlier tenure, NODWIN Gaming raised more than $50 million in funding and achieved a tenfold increase in revenue.
  • The company operates in more than 20 countries and has an annual growth rate of 20-40%.
  • Sony Group Corporation invested in NODWIN Gaming during Kedia's earlier tenure.

About the business

  • NODWIN Gaming was founded in 2015 and has evolved from an esports-focused business into a broader youth media platform.
  • Its operations are split between live experiences (esports tournaments and festivals) and a content division (media and brand partnerships).
  • The company operates in more than 20 countries.
  • NODWIN Gaming expects annual revenue of around Rs 700 crore.
  • Its India business is already profitable, and the company has an annual growth rate of 20-40%.

What happens next

  • NODWIN Gaming is preparing for a potential IPO.
  • The company is exploring a pre-IPO funding round of around $100 million.
  • The pre-IPO readiness plan includes governance alignment, regulatory compliance and investor demand assessment.

The deal

Type
appointment

Founders

  • Akshat Rathee, co-founder and managing director

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