NODWIN Gaming Appoints Sidharth Kedia as CSO for IPO

NODWIN Gaming has appointed Sidharth Kedia, its former CEO, as the new chief strategy and investments officer as it prepares for its initial public offering (IPO). Kedia, who left NODWIN in 2023, will be responsible for strategy, fundraising, and amalgamations.

Kedia served as CEO between 2019 and 2023, during which NODWIN claims to have significantly increased revenue, raised over $50 million, and reached a valuation of approximately $350 million following a funding round led by Sony Group Corporation.

According to Kedia, NODWIN became South Asia’s largest esports company under his leadership, with revenue growing tenfold and valuation increasing 28-fold during his four-year tenure. After leaving NODWIN, he joined Jio Games as an SVP until April 2025, and later joined AI video startup Mythik in June 2025.

“Having seen the company grow over the years, it’s clear how strong the foundation is today and how much opportunity lies ahead. NODWIN is entering a phase where focused strategy, thoughtful capital allocation, and strong execution will unlock its true value potential,” Kedia stated.

NODWIN’s next phase is heavily reliant on its public listing ambitions. Following its demerger with parent company Nazara, NODWIN is in the process of raising fresh capital before initiating the IPO.

NODWIN Gaming plans to raise approximately $100 million through a pre-IPO round, according to cofounder Akshat Rathee. The company is currently following a structured IPO readiness framework covering financial performance, board and governance alignment, investor demand, regulatory compliance, and internal preparedness.

Bankers are assessing market appetite and book-building visibility before the company makes a final decision.

Rathee stated that NODWIN is expected to end the current fiscal year with a turnover of around ₹700 Cr. The startup also reports profitability for its India business and continues to grow at an annual rate of 20-40%, with margins expected to expand gradually.

NODWIN operates in over 20 countries, focusing on a model where demand is generated in developed markets and execution is done in cost-efficient regions.

The business is divided into live experiences and content. The live segment includes esports tournaments, comic conventions, and music festivals, while the content arm focuses on digital media, influencer-led content, and brand partnerships.