NODWIN Appoints Kedia as it Prepares for $100M Pre-IPO Raise

NODWIN Gaming has appointed Sidharth Kedia as Chief Strategy and Investments Officer as it prepares for a potential Initial Public Offering (IPO). The move comes alongside plans for a $100 million USD pre-IPO funding round. The capital is expected to support IP expansion and monetization as the company strengthens its youth media positioning.

Kedia previously served as NODWIN’s CEO from 2019 to 2023. During his tenure, the company recorded a tenfold revenue increase and raised more than $50M in capital. In his new role, he will oversee fundraising, strategy, and mergers and acquisitions, while supporting the company’s global expansion and shareholder value creation.

To support its next phase, NODWIN plans to raise around $100M, with existing investors potentially offloading 10 to 15% stakes via secondary transactions without full exits. The capital will be used for IP expansion and monetization rather than geographic expansion, as the company already operates in more than 22 countries.

The firm reported INR 261 crore (~$28M) in revenue in the third quarter (Q3) of FY26, a year-on-year (YoY) increase of 1.6 times. It also posted an INR 40 crore (~$4.29M) profit, signaling improving financial momentum.

What is Driving NODWIN’s IPO Preparation and Strategic Shift?

NODWIN is transitioning beyond esports into a youth media company built around live experiences and digital content. Its live business includes large-scale fan events such as Comic Con, esports tournaments, and music festivals. Meanwhile, its content division spans influencer campaigns, IP-led shows, and social distribution tied to brand partnerships and ticketing.

The company expects to close the FY with approximately INR 700 crore (~$75M) turnover while maintaining profitability in India and targeting sustained 20 to 40% annual growth.

“It feels great to be back at NODWIN at such an important point in its journey,” said Sidharth Kedia. He added that focused strategy and capital allocation will help unlock long-term value.

Co-founder and Managing Director of NODWIN Gaming, Akshat Rathee, said, “Sidharth has played a pivotal role in shaping NODWIN’s journey, and his return back to the NODWIN family comes at an important stage as we continue to scale the business globally and look at a potential listing.” He added, “He combines a deep understanding of our ecosystem with strong expertise in capital strategy and corporate development.”

NODWIN has also strengthened governance with board-level additions and continues to build institutional capabilities. The company was recently appointed India’s National Team Partner for the Esports Nations Cup 2026. It will oversee team formation, grassroots mobilization, and coordinate with publishers and stakeholders to create a pathway for Indian players to compete globally.

As it moves toward public markets, NODWIN is positioning itself as a capital appreciation story built on fan-driven experiences, IP ownership, and a broader youth media ecosystem.