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Nazara acquires 15.86% stake in e-sports startup Stan for $2.2 Mn

EntrackrEntrackr · 10m ago
Nazara acquires 15.86% stake in e-sports startup Stan for $2.2 Mn
Medial

Gaming and sports media company Nazara has acquired a 15.86% stake in Stan, a blockchain-based e-sports fan engagement startup, for an aggregate cash consideration of up to $2.2 million. Last month, Nazara Technologies acquired Fusebox Games Limited, a UK-based gaming studio for Rs 228 crore ($27.2 million) in an all-cash transaction. The current acquisition strengthens Nazara’s position in the gaming and e-sports landscape, the company said in a stock exchange filing. Founded by Chadha, Rahul Singh, Nauman Mulla, and Shubham Gupta in 2022, Stan provides a web3-based platform for creators to build, monеtisе communitiеs and allow usеrs to engage with their favourite gaming creators or celebrities through digital collectibles, chat or audio rooms, and еxclusivе cеlеbrity communities. In January this year, Stan raised $2.7 million from Aptos Labs, Maelstrom Fund and others. In May 2022, the Bengaluru-based startup raised $2.5 million in its seed round led by General Catalyst and others. With a userbase of over 12 million, the startup claims to have a turnover of $1.8 million as of March 31, 2024. Nazara’s operating revenue fell 6.06% to Rs 250 crore in Q1 FY25 from Rs 266.2 crore in Q4 FY24. E-sports formed 52.73% of the company’s total operating revenue whereas the gaming segment had a share of 37.11% followed by ad tech which accounted for 10.26% of the topline. In the past few months, Nazara has done a bunch of deals including the acquisition of Kiddopia’s developer Paper Boat Apps, buying IP rights of Ultimate Teen Patti and taking over assets of DeltiasGaming.

NODWIN Gaming receives Rs 64 Cr from parent Nazara Technologies

EntrackrEntrackr · 7m ago
NODWIN Gaming receives Rs 64 Cr from parent Nazara Technologies
Medial

Gaming and esports company Nodwin Gaming has received approval of Rs 64 crore ($ million) in funding from its parent company Nazara Technologies. The proceeds will be allocated to fuel NODWIN Gaming’s ongoing expansion momentum, focusing on enhancing its capabilities, growing its portfolio of intellectual properties (IPs), and strengthening its presence in emerging markets. Before this investment, the Gurugram-based company was valued at $410 million as of November this year. NODWIN Gaming, a part of the listed company Nazara Technologies, is a gaming and sports media platform with a presence in India and global markets such as Africa and North America. It offers interactive gaming, e-sports and gamified early learning ecosystems. NODWIN Gaming recently expanded its portfolio with strategic acquisitions including Freaks 4U Gaming, a German esports and gaming marketing agency; events company Comic Con, Ninja Global a Turkish esports and gaming company; Singapore-based live events firm Branded; and Publishme, a West Asia and Turkey-focused marketing agency. Last week, the Nazara subsidiary also acquired Trinity Gaming for Rs 24 crore.

Nazara acquires 47.7% stake in PokerBaazi’s parent for $100 Mn

EntrackrEntrackr · 10m ago
Nazara acquires 47.7% stake in PokerBaazi’s parent for $100 Mn
Medial

Gaming firm Nazara has announced an investment of Rs 982 crore in PokerBaazi’s parent company, Moonshine Technology, to acquire a majority stake through a mix of secondary and primary share purchases. Nazara’s board has approved the acquisition of 18,96,674 equity shares of Moonshine from existing shareholders, including PSM Group, Bellerive Capital, and other individuals, via a secondary purchase, according to a disclosure sourced from the National Stock Exchange. The Mumbai-based company will acquire a 47.7% stake for a total consideration of Rs 832 crore ($100 million), which includes a secondary purchase of Rs 592 crore and a share swap valued at Rs 239 crore. As part of the deal, Nazara will also invest Rs 150 crore to purchase primary shares of Moonshine. This additional investment will make Nazara as the majority stakeholder in PokerBaazi. This deal represents one of the largest consolidations in the poker space, which is considered a skill-based gaming segment. PokerBaazi accounts for over 85% of Moonshine’s net revenue, while its fantasy sports platform, SportsBaazi, contributes 12%. As of May 2024, PokerBaazi reported approximately 340,000 monthly active users. Entrackr reached out to PokerBaazi and Nazara Games last month with a detailed questionnaire regarding the deal. At that time, PokerBaazi’s spokesperson dismissed the news as fake, while Nazara’s spokesperson referred to it as mere speculation. Nazara has been on an acquisition and investment spree since FY25, having acquired or invested in six startups over the past few months. Earlier this week, it acquired a 15.86% stake in e-sports startup Stan. Last month, it acquired UK-based Fusebox Games for $27.2 million in an all-cash transaction. Additionally, Nazara acquired Kiddopia’s developer Paper Boat Apps, secured IP rights for Ultimate Teen Patti, and took over assets of DeltiasGaming.

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