Nazara Technologies provides digital games and esports products and platforms. The company says the additional funds will support growth goals, including strategic acquisitions and investments in different corporate entities. In Q2 FY24 Nazara reported operating revenue of Rs 297.24 crore, up 16.83%, and quarterly profits of Rs 22.5 crore, up 7.86%. The business completed a Rs 750 crore fundraising campaign that was announced in July 2023 with the latest tranche. Following the latest investments, Nikhil Kamath’s entities and Plutus Wealth hold minority stakes in the company. Nazara’s shares were trading at Rs 936 and reached a 52-week high of Rs 989.4. Nazara is a mobile gaming publisher that holds licensed gaming rights for celebrities such as Virat Kohli and Hrithik Roshan and characters like Chhota Bheem, and publishes games tied to brands including Royal Challengers Bangalore. The company reports users in 61 countries, with a primary focus on India, Southeast Asia and Africa. Nazara is cash-flow positive. Management plans to take the company public next year. The firm was founded by Nitish Mittersain and is based in Mumbai. Recent financing activity has involved secondary, pre-IPO placements.

Total raised

$58M

Funding rounds

2

Latest round

Equity

Latest activity

Jan 2024