Gaming
Hitwicket paves way for Indian gaming studios with its first-ever community gathering
Mumbai: Hitwicket has announced a first-of-its-kind community event on 6 October 2024, in Jubilee Hills, Hyderabad. Over 100 passionate Hitwicket players will gather for a day packed with thrilling activities. The entire event will be broadcast live on YouTube, allowing Hitwicket fans worldwide to participate virtually. Additionally, a finalist from the previous edition of the YC Tournament will also be present, engaging with attendees from the Hyderabad Hitwicket community.
On par with the annual gatherings of global gaming studios like Krafton and Epic Games, the event will feature award presentations, recognition ceremonies, interactive fun activities, exclusive goodie giveaways, and a mocktail dinner party.
This event comes in alignment with prime minister Narendra Modi’s recent remarks about the immense scope of India’s online gaming sector, acknowledging its potential to drive innovation and create new career opportunities for the nation’s youth. Hitwicket, as a leading Indian gaming platform, embraces this vision by actively encouraging young talent to participate in both playing and developing games that are proudly made in India.
The event is expected to create ripples in the Indian gaming ecosystem, illustrating how developers can engage with their user base in meaningful and memorable ways.
Hitwicket’s co-founders, Kashyap Reddy and Keerti Singh expressed their excitement for the event stating, “We’re beyond excited to host this event and bring our community together in person. Our game has grown rapidly, and events like these give us the chance to celebrate that success. We’re already planning more offline meetups to encourage gaming that helps players not only have fun but develop strategic skills for real-world application.”
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.
