NODWIN Gaming Enhances IPO Strategy with Appointment of Manish Agarwal
NODWIN bolsters IPO plan as it ropes in Nazara's former key man Manish Agarwal
The Economic TimesImage: The Economic Times
NODWIN Gaming has appointed Manish Agarwal as a non-executive director to strengthen its board ahead of a potential initial public offering (IPO). Agarwal, known for his role in taking Nazara Technologies public, is expected to provide strategic guidance as NODWIN aims to raise over $100 million in a pre-IPO round within the next two to three years.
- 01Manish Agarwal joins NODWIN Gaming as a non-executive director to aid in IPO preparations.
- 02Agarwal previously played a key role in Nazara Technologies' IPO.
- 03NODWIN aims to raise over $100 million in a pre-IPO round.
- 04The company reported a revenue of ₹524 crore (approximately $63 million USD) in FY25.
- 05NODWIN has seen consistent growth with a CAGR of over 50% since 2018.
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NODWIN Gaming, an esports and youth entertainment company, has appointed Manish Agarwal as a non-executive director as part of its preparations for a potential initial public offering (IPO). Agarwal, who previously played a pivotal role in taking Nazara Technologies public, is expected to enhance the board's strategic depth during this crucial phase. NODWIN aims to raise over $100 million in a pre-IPO round within the next two to three years. The company has experienced significant growth, reporting a revenue of ₹524 crore (approximately $63 million USD) for FY25, with a consistent compound annual growth rate of over 50% since 2018. In the first three quarters of FY26, NODWIN's revenue reached ₹530.3 crore (approximately $64 million USD), and the company has remained EBITDA positive. Agarwal's experience in governance and scaling businesses will be vital as NODWIN expands its market presence and aligns with public market expectations.
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This strategic appointment and upcoming IPO plans could enhance job creation and investment opportunities in the gaming sector, benefiting stakeholders and the broader economy.
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