New Delhi, March 16 Gaming and esports firm NODWIN Gaming announced on Monday that it has officially launched a pre-IPO fundraising round and strengthened its leadership with the appointment of Arnd Benninghoff to its board of directors.
The fundraising round will consist of a mix of primary issuance to fund the company's global expansion through organic growth and strategic acquisitions, alongside a secondary sale providing liquidity to existing shareholders, the company said in a statement.
NODWIN said it has returned to EBITDA profitability with a 42 per cent year-on-year increase in revenue, reaching USD 58.5 million in the first nine months of FY 2026.
Currently the Executive Vice President of Gaming at Modern Times Group (MTG), Benninghoff has been leading the group's strategic investments and portfolio growth since 2014.