Nazara’s Nodwin Gaming raises $28 mn of equity investment from 5 investors

Nodwin Gaming, a material subsidiary of Nazara Technologies Limited, has signed definitive and binding documentation to raise $28 million (Rs 232 crore) from new and existing investors.

In a regulatory filing, the company said, “Majority of these funds will be channelised towards growing the gaming and esports ecosystem of Nodwin by expanding and incubating newer IPs, growing the emerging market footprint and for strategic acquisitions that drive value to the network.”

As per the statutory filing, all existing investors of Nodwin Gaming will join new incoming investors in this funding round.