NODWIN Gaming Sells Stake in EVO: Strategic Move for Emerging Markets

NODWIN Gaming has divested its complete ownership interest in the Evolution Championship Series (EVO) to RTS. This decision signifies a strategic realignment for the esports company. While NODWIN has exited its ownership, it has committed to continuing its support for EVO’s development in developing markets as a long-term regional partner.

EVO: A Premier Fighting Game Tournament

EVO stands as one of the largest fighting game tournaments worldwide, uniting players, publishers, and fans from diverse international markets. Under RTS’s guidance, the platform is poised for a new era of growth, focusing on further international expansion.

NODWIN’s Focus on Emerging Markets

The transaction supports NODWIN Gaming’s enhanced emphasis on growing gaming markets. The firm has stated its intention to persist in investing in local intellectual properties and nurturing ecosystem development across rapidly growing regions in the Global South.

Financial Performance of NODWIN Gaming

On the financial side, NODWIN returned to an EBITDA-positive status in the third quarter of FY26. Over the first nine months of FY26, the company recorded a revenue of Rs 530.3 crore, approximately $58.5 million, marking a significant year-on-year growth of 58%.

Collaboration with RTS on EVO’s Expansion

NODWIN Gaming will also collaborate with RTS on EVO’s outreach into new markets. Additional updates are expected soon.

Background of NODWIN Gaming’s Ownership

In January 2018, Nazara Technologies secured a 55% stake in NODWIN Gaming through a combination of cash and stock. They subsequently provided further capital to the Gurugram-based company in multiple stages. However, in July of the previous year, Nazara announced it would relinquish its majority control in NODWIN Gaming.