Nazara Technologies Limited, a leading Indian gaming and sports media company, has successfully raised Rs 495 crore (nearly $60 million) in a strategic investment round led by Axana Estates LLP. This significant infusion of capital marks a crucial step in Nazara’s ambitious journey towards global gaming leadership.
Axana Estates LLP, whose designated partners include Arpit Khandelwal, founder and managing partner of Plutus Wealth Management LLP, and Mithun Sacheti, founder of Caratlane, will acquire approximately a 5.40% stake in Nazara post-investment. This strategic partnership leverages the collective expertise and resources of the new investors, including Mr. Sacheti, who recently participated in Nazara’s Rs 855 crore preferential issue.
Furthermore, Plutus Wealth Management LLP and Axana Estates LLP, in collaboration with Persons Acting in Concert (PACs), have announced plans to launch a public open offer to acquire an additional 26% stake in Nazara Technologies Limited. This move underscores the strong confidence investors have in Nazara’s future growth prospects.
The fresh capital will be strategically deployed to fuel Nazara’s expansion through strategic acquisitions and bolster its presence in key global markets. This includes the recent acquisition of two highly popular mobile game IPs, ‘CATS: Crash Arena’ and ‘King of Thieves,’ from ZeptoLab for $7.7 million (Rs 67 crore). These titles will be published under the “Nazara Publishing” banner, significantly strengthening Nazara’s mobile gaming portfolio and expanding its reach within the dynamic global mobile gaming market.
Nazara has demonstrated consistent growth in recent quarters. In the September quarter (Q2 FY25), the company reported a 7.3% year-on-year increase in revenue to Rs 318.94 crore, while its profit grew by 10.85% to Rs 21.97 crore. This robust financial performance further solidifies Nazara’s position as a leading player in the Indian gaming industry.
This investment round and the subsequent acquisition of the ZeptoLab IPs mark a significant milestone for Nazara Technologies. With the support of its new investors and the strategic addition of these renowned game franchises, Nazara is well-positioned to capitalize on the burgeoning global gaming market, drive innovation, and further solidify its position as a leading force in the Indian and global gaming landscape.
Subscribe:
Stay connected with the latest updates, exclusive insights, and curated content by subscribing to my newsletter.
