Gaming
Riot Games’ ‘Convergence’: Trailblazing teams in India’s first VALORANT International e-sports tournament
Mumbai: Riot Games’ Convergence, its first ever international VALORANT esports tournament in India in partnership with The Esports Club, and Lenovo as the title sponsor, is all set to kick off, with the top VALORANT teams from across multiple regions taking the field to compete for the prestigious title. Held from 14 to 17 December 2023 at the Manpho Convention Center in Bangalore, Convergence will be Riot’s first international VALORANT e-sports event on the Indian circuit, showcasing its commitment to the growing gaming culture in the country.
For Indian gamers, the tournament marks an exciting opportunity to see some of the top VALORANT teams from around the world play each other live – including two Indian contenders, Global Esports and True Rippers Esports to cheer for. With the other contenders representing Asia, Europe, and the Americas from Riot’s VALORANT Champions Tour (VCT), the event is sure to be the pinnacle of professional VALORANT esports and boost the Indian VALORANT circuit. Here is a quick look at the teams competing later this month:
Global Esports
Mumbai headquartered Global Esports are one of the teams to watch this tournament. Known for their strategic site executions, the team will have plenty of fans to cheer for them in Bangalore, particularly for local boy Abhirup Paul ‘Lightningfast’ Choudhury. Together, they will be looking to convert their homeground advantage into a strong performance at Convergence.
FUT Esports
Representing Turkey, FUT brings a unique flair to the competition with their unpredictable playstyle and knack for surprise tactics. With the potential to take games off any team, they will be strong title contenders and a dark horse coming to challenge the established order.
Furia
Representing Brazil, one of the most competitive FPS gaming regions in the world, Furia’s precise and aggressive gameplay has been forged in the fires of the competitive South American region, and has made them a force to be reckoned with. They will be looking to bring their A-game to the Convergence battleground as they go toe to toe with the best in the world.
Team Vitality
Hailing from Europe, Vitality’s strategic plays have been their standout feature and carried them to 5-6th Place at the EMEA League of the 2023 Valorant Champions Tour. Convergence will be a new proving ground for the squad, who will be looking forward to clinching the title at the tournament.
Gen.G Esports
Gen.G is a powerhouse North American / Korean organization, this year fielding a talented all-Korean squad with a reputation for explosive plays and clutch moments. With a roster stacked with top-tier talent, they are determined to establish themselves as the dominant force in the global VALORANT scene.
True Rippers Esports
Fighting their way up to the tournament from the Indian qualifiers, Bangalore based True Rippers Esports have already begun their journey in the tournament with a bang, and will look to continue their winning ways by taking games off the established top teams at the event. Performing in front of a home crowd, the underdogs may be new to the scene but definitely not ones to be counted out.
As the tournament kicks off, Indian fans can look forward to seeing a stellar showcase of VALORANT performances and global talent going up against Indian esports athletes. Convergence is set to be India’s biggest VALORANT event, and a delight for fans both in India and around the world.
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.
