In today’s briefing:
- Nazara Subsidiary Nodwin Gaming Raises $28m at $349m Valuation
- Morning Views Asia: Lenovo, Vedanta Resources, Xiaomi Corp
Nazara Subsidiary Nodwin Gaming Raises $28m at $349m Valuation
- Nodwin Gaming said it has secured US$28 million in funding from new and existing investors to grow its gaming and esports ecosystem in India.
- With the round, Nodwin, a subsidiary of media platform Nazara Technologies, said its post-money valuation has reached US$349 million. It added that its revenue has grown by a compound annual growth rate of 68% in the last 2 years.
- Nodwin didn’t disclose the names of five investors participating in this round.
Morning Views Asia: Lenovo, Vedanta Resources, Xiaomi Corp
Lucror Analytics Morning Views comprise our fundamental credit analysis, opinions and trade recommendations on high yield issuers in the region, based on key company-specific developments in the past 24 hours. Our Morning Views include a section with a brief market commentary, key market indicators and a macroeconomic and corporate event calendar.
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