Gaming
Nodwin Gaming sells EVO stake to RTS
Fighting game tourney eyes global push, Nodwin partners on emerging markets amid 58 per cent revenue surge to Rs 530.3 crore.
MUMBAI: Nodwin Gaming just pulled off the ultimate combo breaker ditching its full stake in EVO, the fighting game world’s undisputed champ, to long-time ally RTS. Announced on 20 February 2026, the move frees up firepower for EVO’s global scaling dreams, with hefty investments on the horizon. Nodwin isn’t vanishing though; it’ll stick around as a key partner, flexing its regional muscle, ops know-how, and community ties to grow the tourney in emerging markets like the Global South.
EVO, a two-decade FGC (Fighting Game Community) cornerstone, started as a grassroots huddle and morphed into esports royalty drawing players, publishers, and superfans worldwide. RTS steps up to steward this next-level expansion, honouring the community vibe while plotting world domination.
For Nodwin, it’s a savvy portfolio shuffle: honing in on high-growth zones, local IPs, and ecosystem builds. The timing’s spot-on, they flipped EBITDA positive in Q3 2025, boasting 58 per cent year-on-year revenue growth to Rs 530.3 crore (USD 58.5 million) over the first nine months of FY26.
Nodwin Gaming co-founder and managing director, Akshat Rathe, framed it neatly, “EVO represents the passion, resilience, and spirit of the fighting game community… For Nodwin, this is a strategic step that sharpens our focus on markets where gaming is witnessing extraordinary momentum.”
More details on EVO’s emerging-market playbook with Nodwin drop soon. In esports terms, it’s like trading a legendary skin for upgrades smart meta shift that keeps everyone in the arena swinging.
