According to a release, NODWIN Gaming has appointed Arnd Benninghoff, Executive Vice President of Gaming at Modern Times Group (MTG), to its Board of Directors as the company opened a pre-IPO fundraising round ahead of a planned public listing.

The Gurugram-based company said the round would include a mix of primary capital and a secondary sale. NODWIN said the fresh funding would support international expansion through organic growth and acquisitions, while the secondary component would provide liquidity for existing shareholders. The company also appointed UBS as lead advisor for both the fundraising process and its planned listing.

NODWIN, which operates across gaming, esports and youth entertainment, added that the move came alongside improved financial performance. According to the release, the company returned to EBITDA profitability and recorded revenue of $58.5m (~£43.8m) in the first nine months of FY 2026, representing 42% year-on-year growth.

Benninghoff joined the board with more than a decade of experience in gaming, digital media and investment. Alongside his current role at MTG, his previous positions have included Chief Digital Officer at ProSiebenSat.1 Media AG, Managing Director of SevenVentures and CEO of Holtzbrinck eLAB, according to MTG and the announcement coverage.

In the release, Benninghoff said: “I have long admired NODWIN Gaming’s incredible trajectory and its unique ability to build vibrant, community-first ecosystems in the world’s most dynamic markets. 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.”

Akshat Rathee, Co-founder and Managing Director of NODWIN Gaming, added that Benninghoff’s experience across startups and large-scale media portfolios aligned with the company’s long-term ambitions. “Arnd is a rare leader who understands the entire lifecycle of the gaming and media ecosystem,” Rathee said in the release.

The appointment came after a period of expansion for NODWIN. In January 2025, the company acquired Ukraine-based tournament organiser StarLadder, adding another established event operator to its portfolio. More recently, NODWIN sold its stake in the Evolution Championship Series (EVO) to RTS, while remaining involved as a strategic marketing partner focused on expansion in emerging markets.

That wider strategy has seen NODWIN continue to build around gaming, live events and pop culture properties across emerging markets. With the pre-IPO raise now under way and a new board appointment in place, the company appeared to be positioning itself for its next growth phase ahead of a potential market debut.