Showing posts with label nazara technologies. Show all posts
Showing posts with label nazara technologies. Show all posts

India’s Listed Gaming Giant Nazara Brings Bigg Boss to Mobile with Fusebox Games & Banijay Rights

India’s Listed Gaming Giant Nazara Brings Bigg Boss to Mobile with Fusebox Games & Banijay Rights

Nazara Technologies, India’s only publicly listed gaming company, today announces the launch of Banijay Rights’ mobile title ‘Bigg Boss: The Game’ based on the iconic Endemol Shine India produced reality show.

Bigg Boss: The Game has been developed in collaboration with Banijay Rights, the global distribution arm of content powerhouse Banijay Entertainment. The game has been created and developed by Fusebox Games, Nazara’s UK-based narrative studio known for adapting globally successful reality formats such as Big Brother and Love Island, into high-engagement mobile games. With this launch, Nazara is bringing one of India’s most powerful entertainment properties to mobile in an immersive, choice-driven format that puts the player inside the Bigg Boss house.

Commenting on the launch, Nitish Mittersain, Jt MD & CEO of Nazara Technologies, said: “Bigg Boss is one of India’s strongest entertainment brands, and mobile is the most natural extension of that fandom. With Fusebox now part of Nazara, we have the capability to take proven reality formats, localise them for Indian audiences, and keep them alive through regular content updates. This is as much a business story as it is a creative one - we are showing how IP, an owned studio and a strong publishing layer can come together to create seamless, recurring gaming experiences.

Mark Woollard, SVP Gaming, Banijay Rights, said: “The launch of Bigg Boss: The Game marks an exciting expansion of the brand in India, giving fans and players the opportunity to step inside the Bigg Boss house to experience all the excitement and challenges of the series themselves.”

Bigg Boss: The Game mirrors the core television format – players enter the house as contestants, build alliances, make task choices, compete, manage in-game popularity, and try to avoid eviction. The experience is designed to capture the drama, social strategy and personality clashes that define Bigg Boss, but in a mobile-first, interactive storytelling environment. As the Bigg Boss format is episodic and refreshes every season, the game can also be refreshed regularly, making it a long-running product rather than a one-off launch.

The title launches first in English and Hindi, with planned rollouts in Tamil, Telugu, Malayalam, Bangla, Kannada and Marathi to reach India’s regional entertainment audiences. It is available on both Android and iOS, and has been structured for ongoing, season-style content drops so that storylines inside the game can align with what is happening on the TV property.

The launch underlines Nazara’s IP focused strategy: pairing strong, ready-made entertainment franchises with in-house and acquired development capabilities to reduce discovery costs and accelerate go-to-market. By leveraging an IP like Bigg Boss, which already has tens of millions of viewers and deep fan engagement, Nazara starts from a built-in audience and can open multiple monetisation levers, from in-app purchases and premium narrative branches to limited-time tasks and live events tied to the show’s timeline.

One of the world’s most iconic and successful reality television franchises, Big Brother first hit screens 25 years ago in the Netherlands in 1999. Since its debut, over 600 series of the show have aired around the world in 70 markets. Globally, the format has maintained huge popularity and is one of Banijay Entertainment’s top three formats, airing in 29 territories last year. The format continues to make a splash globally, with prime-time success in the UK, Spain and Brazil, long-running versions airing consistently in the US and Italy since 2000, six regional versions each year in India, and a new adaptation in Malta.

Nazara Technologies is India’s only publicly listed gaming company. Its key businesses include Curve Games, Kiddopia, Animal Jam, Fusebox Games (Love Island, Big Brother), World Cricket Championship and Sportskeeda, along with offline gaming businesses such as Funky Monkeys and Smaash Entertainment. Nazara also operates Datawrkz, a digital ad tech business. With presence in India, North America, and other global markets, Nazara is building a global gaming platform with strong IP, publishing, and operating capabilities. Website: https://www.nazara.com/

About Fusebox Games:
Fusebox Games, a subsidiary of Nazara Technologies, is a leading developer of interactive fiction games, known for creating compelling narrative experiences that captivate players worldwide. With a portfolio that includes the hit title Love Island: The Game, Fusebox continues to innovate in the mobile gaming industry, delivering stories that entertain and engage.

About Banijay Rights

Leading global distributor, Banijay Rights, represents a world-class, multi-genre portfolio of over 220,000 hours of standout programming. Handling the distribution for content powerhouse, Banijay Entertainment, the division specialises in the exploitation of premium scripted and non-scripted brands to broadcasters worldwide. Representing quality, excellence and experience in the business of linear and non-linear television and ancillary activity across all platforms, Banijay Rights’ catalogue encompasses a host of top titles from Banijay’s 130+ in-house labels, and a number of third-party producers, spanning drama, comedy, entertainment, factual, reality, family, formats and theatrical. Delivering high-quality IP, which was born locally and travels globally, the distributor offers the best stories told the best way. Its landmark brands include Survivor, Big Brother, MasterChef, Peaky Blinders, Rogue Heroes, Marie Antoinette, Grantchester, Deal or No Deal, Home and Away, Mr Bean and Black Mirror. Built on independence, creative freedom, entrepreneurialism and commercial acumen, Banijay Rights operates under the direction of Chief Executive Officer, Cathy Payne.

Nazara Publishing Launches Pokerverse VR

Nazara Publishing Launches Pokerverse VR

Pokerverse VR, an immersive multiplayer poker experience for Meta Quest and Apple Vision Pro, is now available worldwide. Developed by Hyderabad-based studio YesGnome and published by Nazara Publishing, this marks Nazara’s debut in Virtual Reality / Metaverse gaming.

Pokerverse VR is a free to play game, designed to offer entertainment, social interaction, and skill-building. Featuring real-time multiplayer, natural VR controls, and AR/VR flexibility, it allows players to step into a futuristic poker lounge or bring the game into their real-world environment.

With Pokerverse VR, we’re taking our first step into immersive gaming experiences at Nazara Publishing,” said Nitish Mittersain, Jt MD & CEO of Nazara Technologies. “As platforms like Apple Vision Pro and Meta Quest gain traction, we see exciting possibilities in this space. We’re actively exploring future titles with developers who want to build for the next era of gaming.”

We wanted to reimagine poker as an immersive, social experience that felt tactile, intuitive, and global from day one,” said Sridhar Muppidi, Founder of YesGnome. “It’s been an exciting journey building Pokerverse VR, and we’re thrilled to partner with Nazara Publishing to bring this vision to players across platforms.”

Key Features of Pokerverse VR:
  • Live Multiplayer Tables – Instantly sync with players across the world.
  • AR/VR Modes – Choose between full virtual environments or augmented overlays in your real space.
  • Smart AI Bots – Practice solo with challenging AI opponents.
  • Natural VR Controls – Gesture-based interaction to check, call, or peek at your cards.
  • Custom Raise Panel – Fine-tune betting strategy in real time.
  • Floating Menu – In-game access to settings, audio, and VR/AR toggle.
  • Progression System – Earn XP to unlock levels and track performance.
  • Daily Rewards – Stay engaged with free chips every day.
Nazara Publishing is a game publishing division of Nazara Technologies, committed to supporting innovative Indian developers in emerging gaming platforms. It aims to support Indian and global game developers by providing resources, expertise, and a strong network to bring gaming experiences to a wider audience. While no additional VR titles have been announced yet, the company is actively scouting high-potential projects for future collaboration.

Pokerverse VR is now available on:

Nazara Achieves All-Time High EBITDA of ₹153.5 Cr on Revenues of ₹1,624 Cr in FY25, Strengthens Core Gaming Focus

Nazara Achieves All-Time High EBITDA of ₹153.5 Cr on Revenues of ₹1,624 Cr in FY25, Strengthens Core Gaming Focus

Nazara Technologies Limited reported its highest ever annual EBITDA of INR 153.5 crores in FY25 on revenues of INR 1,624 crores, with its core gaming business delivering a healthy 19.9% EBITDA margin and overall EBITDA margins of 9.4%.
This performance reflects the strength of Nazara’s diversified portfolio, disciplined execution, and focused pivot toward high-margin gaming segments. PAT from continued operations was INR 62.5 crores and pre-tax Operating Cash Flow came in at INR 118.3 crores, underscoring the company’s strong cash generation and prudent financial management.

In Q4 FY25, Nazara posted revenue of INR 520.2 crores up 95% year-on-year and EBITDA of INR 51.0 crores, a 74% increase. Growth was driven by solid momentum in the core gaming portfolio, particularly Fusebox and Animal Jam, along with improved unit economics in Kiddopia. Margins remained resilient despite elevated user acquisition investments and new IP integrations.

Key FY25 Strategic Highlights:
  • Expanded into narrative mobile gaming through the acquisition of Fusebox Games
  • Entered offline entertainment by acquiring Funky Monkeys and Smaaash, creating a 360° gaming ecosystem
  • Took full ownership of Kiddopia and Sportskeeda, enabling fungible cash flows and faster integration
  • Made its largest investment to date in PokerBaazi, reinforcing leadership in skill-based real money gaming
  • Licensed and integrated global IPs like C.A.T.S. and King of Thieves, enhancing long-term cash flow visibility
The company also operationalized its Centers of Excellence in User Acquisition, Analytics, and AI, embedding cross-group efficiencies and unlocking organic scale. FY26 is expected to mark a step-change, with rising contribution from high-margin gaming verticals set to further boost profitability and drive global expansion.

Nitish Mittersain, Jt. Managing Director & CEO, commented: “FY25 has been a pivotal year in Nazara’s journey—marked by record profitability, deeper control across key businesses, and the successful execution of our Nazara 3.0 strategy. We strengthened our core by fully owning high-performing assets like Kiddopia and Sportskeeda, expanded globally through acquisitions such as Fusebox and Curve Games, and sharpened our focus on building a high-margin, IP-led gaming platform. As we enter FY26, we are poised for accelerated growth with increasing contributions from our core gaming portfolio. Our platform is now stronger, and more globally relevant with a growing presence across North America and Europe, strategic global partnerships, and recognition among the world’s top gaming publishers. Nazara is not just leading the gaming industry in India—it is steadily establishing itself as a rising force on the global gaming stage.”

Growth Protocol, backed by Nazara and Lysto, debuts its mainnet on Avalanche

Growth Protocol, backed by Nazara and Lysto, debuts its mainnet on Avalanche

Growth Protocol has officially launched its purpose-built Layer-1 blockchain today, backed by Nazara Technologies and Lysto.The platform is designed to propel the future of advertising on-chain, with real-time engagement through tokenizing digital advertising campaigns. Growth Protocol is signaling a major shift in how global brands connect with 150K+ daily active users already on the platform post the private testnet launch.

Growth Protocol is a blockchain marketing protocol that removes ad intermediaries, enforces radical transparency, guarantees equitable payouts, and restores sovereign digital identity to users—powering trustless Web3 campaigns.

Thanks to the Avalanche tech stack, Growth Protocol delivers sub-second finality and 10,000+ transactions per second to support high-throughput, fraud-proof marketing at scale. “Growth Protocol delivers exactly the kind of real-world adoption we envisioned Avalanche enabling—low-latency, high-speed infrastructure powering proof-of-performance at global scale,” said Emin Gün Sirer, Founder and CEO of Ava Labs. “It raises the bar for transparency in a trillion-dollar industry.”

Nazara Technologies, early backer of Growth Protocol and India’s only publicly listed gaming company and a leader in mobile gaming and esports is bringing its marketing applications on chain. Two Nazara titles are already live on-chain. “Nazara has spent 25 years putting fun into the hands of players,” said Nitish Mittersain, CEO and Founder of Nazara.Now, with Growth Protocol, we’re helping advertisers and publishers reach and reward our players with absolute trust and efficiency. This is the future of game marketing.”

Growth Protocol replaces centralized, opaque ad-tech stacks with smart contract-based, real-time settlement. “Digital advertising still loses a substantial chunk of every dollar to intermediaries,” noted Sadiq Ahamed, Co-Founder of Growth Protocol. “We’re rerouting that value back to creators, publishers, and gamers—while giving advertisers and auditors an immutable ledger of truth.”

About Growth Protocol

Growth Protocol is a high-performance Layer-1 blockchain designed specifically for tokenizing digital advertising campaigns. By uniting Smart Goals, tokenized attribution and real-time settlements, it eliminates fraud, slashes customer-acquisition cost and guarantees that 100 percent of ad spend reaches real users. The protocol is backed by Nazara Technologies and Lysto, and supported by leading Web3 investors and technologists.

About Nazara Technologies Ltd

Nazara is India’s only listed gaming and Esports Company, with majority ownership of several leading gaming and esports brands with presence in India, the US, and other global markets. In esports, Nazara has India’s leading esports platform NODWIN Gaming and Sportskeeda/Pro Football Network in the sports media space. Nazara’s offerings in the interactive gaming segment include gamified early learning ecosystems like Kiddopia and Animal Jam, a leading IP based gaming studio ‘Fusebox’, India’s most popular cricket simulation franchise, World Cricket Championship (WCC), and a wide portfolio of casual games distributed through telco partnerships in many emerging markets. Additionally, Nazara controls Datawrkz, a digital ad tech company supporting its portfolio companies and external clients with demand-side user acquisition and supply-side ad monetization services. Website: https://www.nazara.com.

About Avalanche

Avalanche is an ultra-fast, low-latency blockchain platform designed for builders who need high performance at scale. The network’s architecture allows for the creation of sovereign, efficient and fully interoperable public and private Layer 1 (L1) blockchains which leverage the Avalanche Consensus Mechanism to achieve high throughput and near-instant transaction finality. The ease and speed of launching an L1, and the breadth of architectural customization choices, make Avalanche the perfect environment for a composable multi-chain future.

Supported by a global community of developers and validators, Avalanche offers a fast, low-cost environment for building decentralized applications (dApps). With its combination of speed, flexibility, and scalability, Avalanche is the platform of choice for innovators pushing the boundaries of blockchain technology.

Nazara Acquires UK-based PC & Console Gaming Publisher Curve Games For INR 247 Crores

Nazara Acquires UK-based PC & Console Gaming Publisher Curve Games For INR 247 Crores
Nazara Technologies Limited (BSE: 543280 | NSE: NAZARA), India’s only publicly listed gaming company, announced the acquisition of 100% ownership in Curve Digital Entertainment Ltd ("Curve Games"), a highly reputed UK-based publisher of PC and console games for INR 247 crores (GBP 21.7 million).

This strategic move strengthens Nazara’s presence in gaming, unlocking access to platforms, genres, and geographies in the US $100 bn+ global PC and console gaming market. The acquisition is consistent with Nazara’s established business strategy of building a diverse portfolio of businesses through targeted acquisitions across interactive gaming and sports media.

Curve Games brings a robust publishing track record, with globally recognized titles that have collectively seen over 100 million downloads. Its presence spans key gaming markets including North America, Asia Pacific, and Europe.

In calendar year 2024, Curve generated INR 263.5 crores (~GBP 24.4 million) in revenue, EBITDA of INR 114.4 crores (~GBP 10.6 million) and PBT of INR 49.6 crores (~GBP 4.6 million).

Strategic Fit with Nazara’s Vision

The acquisition is aligned with Nazara’s ongoing efforts to strengthen its global publishing capabilities, and follows a series of similar strategic transactions executed over the years, reaffirming Nazara’s commitment to long-term, value-driven growth through the gaming lifecycle. Curve’s publishing capabilities in the PC and Console space and its diverse portfolio will accelerate Nazara’s global ambitions and enable cross-platform IP development with long-term value creation.

Commenting on the acquisition, Nitish Mittersain, CEO of Nazara Technologies, said, "Curve’s proven expertise in PC and Console publishing makes them an ideal partner as we expand our focus beyond mobile into high-quality, cross-platform gaming. This acquisition deepens our capabilities, brings exceptional IP into our fold, and strengthens our mission in building Nazara as a global gaming powerhouse from India. Curve will also serve as a gateway to the world for Indian game developers.”

Stuart Dinsey, Executive Chairman of Curve Games, added, "Joining the Nazara family is an exciting new chapter for Curve. Nazara’s ecosystem, access to emerging markets and long-term orientation make them a strong strategic partner. We are aligned in our vision of building a leading global indie publishing platform, and we look forward to the next phase of growth together.”

Nazara Raises ₹ 495 Cr from Existing Investors Arpit Khandelwal and Mithun Sacheti Led Entity, Stake Increase to Trigger Open Offer

  • To work closely with Nazara Promoters, Vikash & Nitish Mittersain, to propel Nazara into Global Gaming Leadership.

Arpit Khandelwal, Founder & Managing Partner of Plutus Wealth Management LLP and Mithun Sacheti, tech entrepreneur and Founder of Caratlane, have announced a strategic partnership with Nazara Technologies Limited and its promoters, Vikash & Nitish Mittersain. The transaction involves a significant investment of INR 495 crores by Axana Estates LLP, with the stake increase triggering a mandatory open offer and reinforcing the collective vision of accelerating Nazara in its path to becoming a global leader in gaming and digital entertainment.

Key Details of the Transaction

1. Preferential Issue: Axana Estates LLP, whose designated partners include Arpit Khandelwal and Mithun Sacheti, will infuse INR 495 crores into the Company to acquire ~5.40% stake through a preferential issue of equity shares at a price of INR 990 per share. This transaction has been approved by the Company’s board and is subject to shareholder and regulatory approvals. The issued shares will comply with SEBI (ICDR) Regulations, 2018, including lock-in requirements.

2. Open Offer: Plutus Wealth Management LLP and Axana Estates LLP, along with PACs, will launch a public open offer to acquire an additional 26% stake in Nazara, as per SEBI (SAST) Regulations, 2011. This is subject to regulatory approvals and completion of the open offer process.

3. Post-Transaction Shareholding: Assuming full acceptance of the open offer, the total shareholding of Acquirers and PACs, along with the existing promoters (Vikash & Nitish Mittersain) and promoter group, is expected to be ~61.5% of the Company.

Strategic Benefits and Leadership Continuity

This partnership brings together complementary expertise and resources, creating a powerful alliance enabling Nazara to access new markets, leverage cutting-edge technologies, and enhance operational efficiencies.

Nazara will continue to operate independently under the leadership of its Chairman & Managing Director Vikash Mittersain along with Jt. Managing Director & CEO Nitish Mittersain.

The investment will be directed toward accelerating organic growth, strategic acquisitions, and expansion into new markets.

Nitish Mittersain, Jt. Managing Director and CEO of Nazara Technologies, said:
Nazara is set for global growth, and we are excited to partner with Arpit & Mithun, who share our vision. Their belief in our potential and expertise will help us scale new heights, positioning Nazara as a unique global gaming company from India.
Arpit Khandelwal, Founder & Managing Partner of Plutus Wealth Management LLP, added:
We are excited to deepen our investment in Nazara, a company with a proven track record of capitalizing on global gaming trends. This consolidation of ownership will provide growth capital and bring strategic expertise to support Nazara, its promoters & team in the journey of becoming a world-leading gaming and entertainment brand.

Mithun Sacheti, Designated Partner of Axana Estates LLP & Founder of Caratlane said:
Gaming is the new consumer play, blending entertainment, technology, and community to create unmatched engagement. It has become a powerful platform to connect with audiences and shape consumer behaviour in real time. We are thrilled to partner with Nazara to unlock its immense potential and drive global growth and look forward to unlocking the Company’s full potential in collaboration with its exceptional management team.

In addition to this strategic partnership, Nazara is bolstering its mobile gaming portfolio with the acquisition of two popular game IPs from ZeptoLab.

The Nazara board today approved the acquisition of the intellectual property rights of two popular mobile gaming titles, ‘CATS: Crash Arena’ and ‘King of Thieves’ from Barcelona-based game developer and publisher ZeptoLab for a total consideration of USD 7.7 million (~INR 67 cr). Through this acquisition, Nazara will own the game IPs and will also publish the games under the “Nazara Publishing” banner further strengthening its position in the global mobile gaming market.

Nazara is India’s only listed gaming and Esports Company, with majority ownership of several leading gaming and esports brands with presence in India, the US, and other global markets. In esports, Nazara has India’s leading esports platform NODWIN Gaming and Sportskeeda/Pro Football Network in the sports media space. Nazara’s offerings in the interactive gaming segment include gamified early learning ecosystems like Kiddopia and Animal Jam, interactive story games within Fusebox Games, India’s most popular cricket simulation franchise, World Cricket Championship (WCC), and a wide portfolio of casual games distributed through telco partnerships in many emerging markets. Additionally, Nazara controls Datawrkz, a digital ad tech company supporting its portfolio companies and external clients with demand-side user acquisition and supply-side ad monetization services.

PublishMe Acquired By NODWIN Gaming’s Singapore Arm from Nazara Technologies

PublishMe Acquired By NODWIN Gaming’s Singapore Arm from Nazara Technologies

The Singapore subsidiary of NODWIN Gaming — South Asia’s leading gaming and esports media companies, a material subsidiary of Nazara Technologies Ltd (BSE: NAZARA), has acquired a 100% stake in game marketing agency PublishME for a sum of USD 2 mn from its existing shareholders Nazara Technologies Limited and Ozgur Ozalp.

The integration and acquisition of PublishME into NODWIN Gaming's global emerging market network are poised to enhance NODWIN Gaming’s existing solutions capabilities for publishers and brands alike. This acquisition will provide the essential tailwinds for NODWIN Gaming to drive its mission of leading the emerging market sports media landscape.

Commenting on the acquisition, Akshat Rathee, Co-Founder and Managing Director, NODWIN Gaming said, “We are delighted to extend a warm welcome to PublishME as a valued addition to the NODWIN Gaming family. This strategic acquisition not only brings in a host of new opportunities but also paves the way for a multitude of fresh possibilities for us as a leading gaming and esports media company. As NODWIN Gaming continues to expand its presence across the globe, with particular emphasis on pivotal emerging markets the new BRICS global network. The inclusion of PublishME stands as a natural and integral progression to allow us to help Publishers and Brands understand and access this emerging market."

Nazara CEO Nitish Mittersain commented on the transaction “We see significant synergies between Nodwin Gaming and PublishME and this transaction will enable Nodwin to get a stronger foothold into the Middle East esports market. ”

PublishME is a gaming marketing agency with offices in Turkey and UAE. It excels in crafting engaging and effective communications to connect brands with gamers. It offers Game Launch plans, social media management, sponsorship, and activations to its partners. The agency’s expertise in navigating the Middle East and Turkish markets, combined with NODWIN Gaming's robust relationships with publishers and brands, as well as their ability to create world-class esports events and secure media rights opportunities, forges a remarkable synergy creating exceptional value for the entire ecosystem.

PublishME will also rename itself to NODWIN Gaming in the Middle East but retain the PublishME name in its original market in Turkey. PublishME founder Ozgur Ozalp will also transition over to NODWIN Gaming as the CEO of NODWIN Gaming Dubai.

Diversified Gaming Platform Nazara Technologies To Raise Up To ₹410 Cr from SBI Mutual Fund

Nazara Technologies To Raise Up To ₹410 Cr from SBI Mutual Fund

Mumbai-headquartered diversified online gaming platform Nazara Technologies announced that its board has approved an issue of equity shares with face value of ₹ 4 each to raise up to ₹ 410 crore from SBI Mutual Fund.

In its BSE filimg, Nazara Technologies said, "The Board of Directors of Nazara Technologies Limited has considered and approved issuance of the 57,42,296 fully paid up equity shares of the Company having face value of Rs. 4/- each ("Equity Shares”) in addition to the already approved issuance of up to 14,00,560 fully paid up Equity Shares by the Board of Directors at its meeting held on September 4, 2023, both together aggregating to an amount not exceeding Rs. 510 crores."

Founded in 1999, by Nitish Mittersain, Nazara Technologies offers various interactive gaming options, eSports, ad-tech, and gamified early learning ecosystems.

Earlier this year in February, Nazara participated in Web3 gaming platform Kratos Studios' seed funding round of 160 Crore. Kratos Studios is co-founded by former CEO of Nazara Technologies.

Last year in May, 2022, Nazara set up its subsidiary Sportskeeda Inc. in Delaware, US. Sportskeeda was acquired by Nazara in 2019 and in the same month, it partnered with Dream11 to produce 8 long-format videos showcasing 8 unsung heroes who have made significant contributions to cricket and supporting many people.

Nazara Technologies has presence in India and across emerging & developed global markets such as Africa and North America, with offerings across the interactive gaming, eSports, , ad-tech and gamified early learning ecosystems.

Nazara owns some of the most recognisable IP, including WCC and CarromClash in mobile games, Kiddopia in gamified early learning, Nodwin and Sportskeeda in eSports and eSports media, and Halaplay Technologies Private Limited (“Halaplay”), Openplay Technologies Private (“Openplay”) in skill-based, fantasy and trivia games. 


Nazara Technologies Buys Majority Stake in Sports Tech Firm Halaplay


Nazara Technologies Ltd., a leading global gaming and sports media company undertakes an equity swap of stocks from Kae Capital worth INR 14.6 crores to become the majority stake holder in Halaplay Technologies Pvt. Ltd.

Nazara Technologies Ltd. has invested in Halaplay over the years in two tranches; first round of investment was carried out with Kae Capital in November 2017 and second round with Delta Corp Ltd. in March 2019. The company has now gone ahead and bought Kae Captial stocks in Halaplay making them the majority investors in the fantasy sports vertical.

Halaplay is a real money based daily fantasy sports (DFS) platform. Halaplay launched in 2017, has seen an explosive growth in the user base and total transactions since then. In the past Nazara has invested in startups such as Nodwin Gaming, Next Wave Multimedia, Sportskeeda, Paper boat apps, Mastermind Sports, Moonglabs Technologies, Bakbuck, CrimzonCode, InstaSportz, NZWorld among others.

Halaplay Technologies Private Limited is in the sports entertainment business, started by 4 batchmates from BITS Pilani - Goa. They launched their first product in the fantasy sports industry (halaplay.com) in Jan 2017 for their serious and casual sports fans. They currently cover worldwide cricket, football & kabaddi leagues and venturing into other sports.

About Nazara Technologies Ltd.

Nazara Technologies Limited (‘Nazara’) is a leading global gaming and sports media company headquartered in Mumbai, India. Nazara has business operations in 64 countries across emerging markets with services in India, Singapore, Dubai, Mauritius and subsidiary companies in Africa. The company has a diversified portfolio of gaming businesses across free to play mobile games, real money skill gaming, esports and gaming subscription services.

Nazara has a network of over 100 Million players in India. The company has taken licensed mobile gaming rights to popular Indian IP characters like Chhota Bheem, Motu Patlu, Mighty Raju, Shikari Shambhu, Roll #21, Eena Meena Deeka, Oggy and the Cockroaches and Shin Chan. Nazara also owns IP’s like World Cricket Championship (WCC), EPIC Cricket, India Premiership and IPG.TV.

Nazara is also an investor in the gaming and sports ecosystem in India and has consummated transactions worth 50 Million USD in the last 3 years. The company has acquired a majority stake in Next Wave Multimedia Pvt. Ltd., Nodwin Gaming Pvt. Ltd and HalaPlay Technologies Pvt. Ltd. Nazara’s other investee companies include Mastermind Sports Ltd., Moonglabs Technologies Pvt. Ltd. Bakbuck, CrimzonCode, InstaSportz and NZWorld (NZWorld Kenya Ltd.) to set up operations for real money gaming in Kenya.

Founded by Nitish Mittersain in 2000, Nazara is backed by marquee investors which include West Bridge Capital, IIFL Special Opportunities Fund; Rakesh Jhunjhunwala and Turtle Entertainment GmbH, the IP owner of the world’s largest esports franchise (ESL).

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