GURUGRAM — NODWIN Gaming, a subsidiary of Nazara Technologies and a leader in the global South’s esports landscape, has appointed industry veteran Arnd Benninghoff to its Board of Directors. The move coincides with the launch of a pre-IPO fundraising round as the company prepares for a potential public listing.
Benninghoff currently serves as the Executive Vice President of Gaming at Modern Times Group (MTG), where he has overseen multi-billion dollar strategic investments and portfolio growth since 2014.
Key Highlights of the Appointment:
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Global Expertise: Benninghoff brings over 25 years of experience in digital media and gaming. At MTG, he played a critical role in the group’s evolution, including the management and eventual $1.05 billion sale of ESL Gaming in 2022.
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Entrepreneurial Track Record: Beyond his corporate roles, Benninghoff has founded and built 15 companies. His previous leadership roles include Chief Digital Officer at ProSiebenSat.1 Media AG and CEO of Holtzbrinck eLAB.
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Strategic Vision: In his new role, he will help steer NODWIN’s expansion into emerging markets across South Asia, Southeast Asia, the Middle East, and Africa.
IPO and Growth Momentum:
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Pre-IPO Round: The company is initiating a fundraising round that combines a primary issuance to fund acquisitions and organic growth with a secondary sale to provide liquidity to existing shareholders.
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Financial Performance: The announcement follows a strong financial recovery for NODWIN, which has returned to EBITDA profitability and recorded a 42% year-on-year revenue surge, reaching $58.5 million in the first nine months of FY2026.
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Lead Advisor: The company has appointed UBS as the lead advisor to manage both the pre-IPO capital raise and the subsequent public listing.
This appointment is seen as a major validation of NODWIN’s “community-first” ecosystem and its goal to become the definitive voice of youth culture in the Global South.
