Indian gaming and esports firm Nazara Applied sciences has pledged $100 million (~INR 830 cr) for mergers and acquisitions over the subsequent 24 months.
This strategic transfer highlights Nazara’s dedication to strengthening its international presence and accelerating its transformation because it goals to turn out to be a outstanding gaming platform worldwide.
After a current fundraise the place it collected Rs. 760 crores (~$90 million) by preferential allotment, with notable buyers like Nikhil Kamath, ICICI Prudential MF, and Plutus Wealth Administration, Nazara is concentrated on looking for out rising prospects within the gaming, esports, and advert tech sectors.
Purchase and scale technique
Nitish Mittersain, Jt. MD & CEO of Nazara Applied sciences mentioned, “Nazara has seen important success in its ‘purchase and scale’ technique over the previous couple of years as could be seen by the post-acquisition development in Kiddopia, Nodwin Gaming and Sportskeeda amongst others.”
“We’re notably targeted on investing in and buying gaming studios globally with a particular concentrate on India’s 500 million avid gamers in addition to the massive North American market,” added Mittersain.
The corporate additionally reaffirmed that it has a particular concentrate on established gaming IPs/studios, in addition to these pioneering developments in applied sciences corresponding to Web3, digital actuality, and AI.
After unveiling a brand new publishing division that goals to associate with each native and worldwide builders to launch their video games, Nazara went on to collaborate with 4 Indian builders to develop and launch 5 new video games.
The corporate boasts of gaming and esports manufacturers with an energetic presence in India, the US, and numerous international markets. Amongst its notable entities are Nodwin Gaming in esports, Sportskeeda and Professional Soccer Community in sports activities media. As well as, the corporate’s interactive gaming portfolio encompasses gamified early studying merchandise like Kiddopia and Animal Jam.
