NODWIN Gaming Begins Pre-IPO Fundraising, Appoints MTG's Arnd Benninghoff to Board

NODWIN Gaming has initiated a pre-IPO fundraising round to support its global expansion through organic growth and strategic acquisitions, alongside a secondary share sale for existing shareholders. The Gurugram-based gaming and esports firm reported a 42% year-on-year revenue increase, reaching USD 58.5 million in the first nine months of FY 2026 and returning to EBITDA profitability. It also appointed Arnd Benninghoff, Executive Vice President of Gaming at Modern Times Group, to its board, with UBS named as lead advisor for the fundraising and upcoming public listing.