Gaming
Nodwin and co make a grand move to put Indian chess on the esports map
MUMBAI: In a bold opening move to reinvent chess for the digital age, Nodwin Gaming has announced a three-way strategic alliance with Chess.com and ChessBase India. This unlikely but high-powered trio of esports, grassroots chess, and global tech is aiming to supercharge India’s presence in the fast-evolving world of chess esports.
The partnership promises a future-ready ecosystem built on three strengths: Nodwin’s slick production and broadcast chops, ChessBase India’s deep community roots, and Chess.com’s global tech muscle. Together, they’ll co-create original IPs, host high-stakes tournaments, produce creator-driven content, and unlock new avenues for brand partnerships — all while turning chess into a legitimate esport.
Speaking on the announcement, Nodwin Gaming co-founder and managing director Akshat Rathee said, “Chess is undergoing a cultural renaissance, from park benches and schoolrooms to sold-out esports arenas and creator streams. Chess has now become the fourth most-watched sport in the country after cricket, kabaddi, and Bgmi tournaments. With this partnership, we’re not just supporting a heritage game, we’re aiding in its natural course of progression. By combining each organization’s unique strengths, we’re building a future-ready ecosystem that can take Indian chess from heritage to hype. It’s time the brilliance of our grandmasters meets the energy of our digital generation.”
India is fast emerging as a chess superpower — both on and off the board. Chess.com saw over 7.6 billion games played globally in 2024, with India alone clocking 9 million+ monthly active users. Viewership on the platform exploded by 640 per cent year-on-year, capped by 24 million views during Gukesh Dommaraju’s World Championship win, streamed jointly by Nodwin, ChessBase India, and Chess.com.
Speaking on the alliance, ChessBase India CEO Sagar Shah said, “This partnership is not just a business alliance — it’s a vision to grow the chess community in India from the grassroots to the grand stage. For the last decade, we’ve focused on building a robust chess culture in the country, and now, with Nodwin and Chess.com by our side, we hope to bring forth more opportunities to all those involved in the chess ecosystem.”
Chess.com India country director Avadh Shah said, “Chess has been one of the most dominant and fastest growing sports in the last 3 years across India and the world. In terms of both participation and viewership, chess is experiencing record-breaking numbers—the highest we’ve ever seen. Given the excitement around the sport, it is only fitting that the leading companies within the ecosystem collaborate to further its development and invite partners to join this journey as well.”
Mobile is the dominant screen, with over 80.9 per cent of Indian chess viewership happening on smartphones. Cities like Mumbai, Delhi, Bangalore, and Chennai rank among the world’s top chess-consuming metros, fuelled by millennial and Gen Z audiences.
The game’s next big test? Chess at the Esports World Cup 2025 with a cool $1.5 million prize pool. India’s very own S8UL Esports will field grandmasters Nihal Sarin and Aravindh Chithambaram, marking the first time an Indian esports org will compete in international chess at this level.
As chess makes its way from quiet corners to centre stage, this partnership is playing for the long game — building a pipeline of tournaments, influencer content, grassroots engagement, and global ambition.
Checkmate, but make it mainstream.
Gaming
MTG gaming chief Benninghoff joins NODWIN board as esports firm primes for IPO
The Gurugram-based esports firm is pursuing a public listing, has returned to profitability and is growing revenues by 42 per cent
GURUGRAM: NODWIN Gaming is moving fast. The Gurugram-based gaming and esports company has launched a pre-IPO fundraising round, appointed UBS as lead adviser for both the round and a subsequent public listing, and landed a heavyweight board director, all in one go.
The new board member is Arnd Benninghoff, executive vice president of gaming at Stockholm-listed Modern Times Group (MTG), who has overseen the group’s strategic investments and portfolio growth since 2014. He is no stranger to building things: Benninghoff has founded and built fifteen companies, served as chief digital officer at ProSiebenSat.1 Media AG, managing director of SevenVentures, and chief executive of Holtzbrinck eLAB. He began his career as a journalist at Deutsche Presse Agentur and various TV networks, holds a Diplom-Kaufmann in business and administration from the University of Münster, and previously sat on the board of Edgeware AB.
The numbers back the ambition
NODWIN is not pitching a story without substance. The company has returned to EBITDA profitability and posted a 42 per cent year-on-year revenue surge, reaching $58.5m in the first nine months of FY2026. The pre-IPO round will combine a primary issuance to fund global expansion through organic growth and acquisitions, alongside a secondary sale to give existing shareholders some liquidity.
Akshat Rathee, co-founder and managing director of NODWIN Gaming, said Benninghoff understands “the entire lifecycle of the gaming and media ecosystem, from the boots-on-the-ground reality of building startups to the strategic complexity of managing multi-billion dollar global portfolios.”
Benninghoff, for his part, said the company “sits at the intersection of sports, entertainment, and technology, making it one of the most exciting players in the global gaming landscape today.”
A portfolio built for the global south
Founded in 2014 by Rathee and Gautam Virk, NODWIN has quietly assembled one of the more compelling esports portfolios outside the Western hemisphere. Its properties include DreamHack India and Comic Con India, and it recently acquired StarLadder, the Ukraine-based tournament organiser behind premier events in CS:GO and Dota 2. The company also serves as a long-term strategic marketing partner for the Evolution Championship Series (EVO), the world’s most prominent fighting game tournament, helping push it into new geographies.
Its geographic focus spans South Asia, Central Asia, Southeast Asia, the Middle East and Africa. Backers include Nazara Technologies, KRAFTON, Sony Group Corporation, JetSynthesys, and the founders’ investment vehicle Good Game Investments.
What comes next
With UBS running the books, a board freshly reinforced with European media and gaming expertise, and revenue heading in the right direction, NODWIN is laying the groundwork deliberately. The esports industry has burned investors before with big promises and thin margins. NODWIN’s return to profitability, combined with a real portfolio of owned intellectual properties across gaming, music and youth culture, gives it a more credible runway than most. The IPO clock is now ticking.
