? Corporate Investment
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Krafton, a South Korean video game holding company, has invested $22.4 million in India-based esports firm Nodwin Gaming, a subsidiary of Indian mobile game publisher Nazara Technologies
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Being a parent company of PUBG Studio, Krafton uses the investment is to “maintain some presence in what was once a key overseas market”. Previously, PUBG Mobile was banned in India due to cybersecurity concerns
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Nodwin Gaming will use the proceeds to accelerate its growth in international markets
? Products
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Nodwin provides information support for gaming events. It produces, publishes and licenses content, works with brands and sponsors in the field of esports. Among the company’s clients are Blizzard Entertainment, Valve, Riot Games, and ESL
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Nodwin also has a story of working with PUBG Studio. During the last two years, the company participated in the organization of PUBG Mobile Club Open and PUBG Mobile Pro League South Asia esports events
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Operating mainly in India, Nodwin announced the opening of its first international branch in South Africa in March 2020
Sources: TECHCRUNCH, ESPORTSOBSERVER
