NODWIN Gaming today announced the strategic sale of its entire stake in the Evolution Championship Series (EVO) to RTS, its long-standing partner in the global esports ecosystem.
The decision follows a long-term growth roadmap for EVO that calls for significant investment to scale the platform globally. NODWIN Gaming will continue supporting EVO’s expansion across emerging markets as a long-term partner through its regional expertise, operational strength, and deep community relationships. As EVO enters a new phase of global expansion, the transition aligns the platform with RTS’ investment-led growth vision while enabling NODWIN Gaming to sharpen its strategic focus on emerging markets and new growth opportunities.
For more than two decades, EVO has remained at the center of the global Fighting Game Community, evolving from a grassroots gathering into a premier competitive platform that brings together players, publishers, and fans worldwide around fighting game esports. With the tournament poised to scale further and expand its global footprint, RTS is positioned to lead this next phase, building on the property’s legacy while preserving its community-driven ethos.
The transition marks a strategic portfolio realignment for NODWIN Gaming as it continues to deepen its leadership across rapidly expanding gaming regions. By partnering with RTS on EVO’s future, NODWIN aims to channel greater focus toward building sustainable ecosystems, investing in local intellectual properties, and unlocking new avenues for growth across the Global South.
Additional updates regarding EVO’s emerging market strategy in partnership with NODWIN Gaming are expected in the coming months.
Speaking on EVO’s asset transfer to RTS, Akshat Rathee, Co-Founder and Managing Director, NODWIN Gaming, said: “EVO represents the passion, resilience, and spirit of the fighting game community, and it is a privilege for us to be part of that journey. As the platform steps into a new era of global opportunity, we see RTS as the right partner to build on its strong foundation and guide its continued evolution. For NODWIN, this is a strategic step that sharpens our focus on markets where gaming is witnessing extraordinary momentum. Our commitment to growing esports ecosystems remains unwavering, and we look forward to collaborating with RTS to bring EVO experiences to new audiences while continuing to shape the future of gaming across emerging regions.”
For NODWIN Gaming, the transition represents a deliberate move to deepen its presence in emerging markets and reinforce fiscal discipline. The company reported returning to an EBITDA-positive position as of Q3 2025, while maintaining 58% year-on-year revenue growth. Revenue for the first nine months of FY26 stood at INR 530.3 crore (USD 58.5 million).
