New Delhi, April 14 -- Nodwin Gaming, a subsidiary of India's only listed mobile gaming firm Nazara Technologies Ltd, is looking to raise over $100 million and has inducted Manish Agarwal to its board as a non-executive director as it prepares for an initial public offering (IPO), co-founder Akshat Rathee told Mint.

Agarwal, who steered Nazara through its 2021 listing, joins as the e-sports firm eyes a transition from a venture-backed startup to a public-market candidate.

Nodwin, backed by the likes of South Korean gaming software developer Krafton Inc and Japan's Sony Group Corp, is working on a pre-IPO fundraise, where it aims to secure capital from new and existing investors, Rathee said.

The Gurugram-based company, valued at over $...