NODWIN Brings Back Ex-CEO Sidharth Kedia Ahead Of IPO
Superadmin
Ahead of initiating its IPO plans, NODWIN Gaming has roped in its former CEO Sidharth Kedia as its new chief strategy and investments officer. Kedia, who exited NODWIN in 2023, will now lead strategy, fundraising, and amalgamations.
Kedia previously served as CEO of the company between 2019 and 2023. During his tenure, the company claims to have scaled its revenue sharply, raised over $50 Mn, and reached a valuation of about $350 Mn after a funding round led by Sony Group Corporation.
He claims that NODWIN became South Asia’s largest esports company under his leadership, with its revenue growing 10X and its valuation zooming by 28X in the four years of his tenure. After stepping away, he joined Jio’s gaming vertical Jio Games as an SVP, a position he held till April 2025. He 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 said.
The next phase of NODWIN is largely going hinging on its public listing ambition. After its demerger with parent Nazara, NODWIN has been in the process of raising fresh capital before initiating the IPO procedure.
NODWIN Gaming is planning to raise about $100 Mn through a pre-IPO round, cofounder Akshat Rathee told Inc42. He added that the company is currently following a structured IPO readiness framework covering financial performance, board and governance alignment, investor demand, regulatory compliance, and internal preparedness.
Meanwhile, bankers are assessing market appetite and book-building visibility before the company takes a final call.
Rathee said NODWIN is expected to end the current fiscal with a turnover of around ₹700 Cr. The startup also claims 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 more than 20 countries and is focusing on a model where demand is generated in developed markets while execution is done in cost-efficient regions.
Its business is now split into two parts, 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.
The post NODWIN Brings Back Ex-CEO Sidharth Kedia Ahead Of IPO appeared first on Inc42 Media.
