Nazara Technologies, India’s listed gaming and esports company, has made strategic investments totaling Rs 196 crore in four gaming companies. The company acquired a 60 per cent stake in Funky Monkeys Play for Rs 43.7 crore, marking its foray into physical entertainment. This acquisition is in line with Nazara’s goal of diversifying and expanding its offerings beyond digital gaming.
Additionally, Nazara invested Rs 4.2 crore in LearnTube.ai, an AI-driven educational platform with over 20 lakh users, to enhance gamified learning experiences. The remaining Rs 148 crore was allocated across its existing subsidiaries, with Rs 64 crore going to Nodwin Gaming, Rs 69 crore to Sportskeeda, and Rs 15 crore to Datawrkz.
“These initiatives align with our vision of creating a diversified global gaming and entertainment platform,” said Nitish Mittersain, CEO of Nazara Technologies.
Nazara continues to solidify its position in India's esports sector, with recent acquisitions including NODWIN Gaming's USD 2.8 million purchase of Trinity Gaming. The company also strengthened its portfolio by acquiring a 100 per cent stake in UK-based Space & Time through its subsidiary, Datawrkz. Other investments include Rs 982 crore in PokerBaazi’s parent company, Moonshine Technology, and stakes in several esports companies like Stan, Fusebox Games, Paper Boat Apps (developer of Kiddopia), Ultimate Teen Patti, and DeltiasGaming.
In a further boost, Nazara raised Rs 855 crore (approximately USD 100 million) through a preferential issue last month.
Nazara's revenue for Q2 FY25 saw a modest growth of 7.4 per cent quarter-on-quarter, reaching Rs 319 crore, while profits rose 2.4 per cent to Rs 21.75 crore. As of Monday’s market close, the company’s shares were trading at Rs 1,012, with a market capitalization of Rs 7,747 crore (approximately USD 922 million).
