🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
Login

News on Medial

Related News

Nazara invests Rs 196 Cr in five firms including Funky Monkeys Play

EntrackrEntrackr · 12m ago
Nazara invests Rs 196 Cr in five firms including Funky Monkeys Play
Medial

Nazara Technologies Limited, India's premier listed gaming and esports company, has invested Rs 196 crores in four gaming companies. The company acquired a 60% stake in Funky Monkeys Play for Rs 43.7 crore. This investment in Funky Monkeys Play is aimed to expand Nazara’s footprints into physical entertainment. Nazara also invested Rs 4.2 crores in LearnTube.ai, an AI-driven educational platform with over 20 lakh users, to improve gamified learning experiences. The rest of the Rs 148 crore has been allocated to existing subsidiaries, including Nodwin Gaming, Sportskeeda, and Datawrkz at Rs 64 crore, Rs 69 crore and Rs 15 crore, respectively. “These initiatives align with our vision of creating a diversified global gaming and entertainment platform,” said Nitish Mittersain, CEO, Nazara. Nazara continues to dominate India's esports landscape with back to back acquisitions through main and subsidiaries. Recently, Nazara-backed NODWIN Gaming acquired a gaming agency Trinity Gaming for $2.8 million. In October, Nazara' subsidiary Datawrkz acquired a 100% stake in UK-based Space & Time. It also invested Rs 982 crore in PokerBaazi’s parent Moonshine Technology and acquired stakes in e-sports companies such as Stan, Fusebox Games, Kiddopia’s developer Paper Boat Apps, Ultimate Teen Patti, and DeltiasGaming. Last month, the Mumbai-based firm also raised Rs 855 crore (approximately $100 million) through a preferential issue. Nazara’s revenue from operations reported a modest growth of 7.4% Q-o-Q to Rs 319 crore in Q2 FY25 with profits increasing only 2.4% to Rs 21.75 crore in the same period. Before the market closed on Monday, the company’s shares were trading at Rs 1,012, with a total market capitalization of Rs 7,747 crore (approximately $922 million).

Nazara acquires IP rights of Ultimate Teen Patti from Games24x7

EntrackrEntrackr · 1y ago
Nazara acquires IP rights of Ultimate Teen Patti from Games24x7
Medial

Nazara Technologies’ mobile gaming arm Next Wave Multimedia has acquired the intellectual property rights of Ultimate Teen Patti from Games24X7 for Rs 10 crore. Ultimate Teen Patti lets users play teen patti, a form of poker, online and with other competitors without any real money and is designed as a free to play online game. It claims to have achieved a gross turnover of Rs 7 crore in the financial year 2022-23 (FY23). With the acquisition, Nextwave will expand its offerings in the casual freemium gaming space. Recently, Nazara announced the acquisition of an additional 48.42% stake in Paper Boat Apps (PBA) from its promoters Anupam and Anshu Dhanuka for a sum of Rs 300 crore. In May, Nazara acquired 100% stake in mobile gaming subsidiary Nextwave Multimedia by buying the remaining 28.12% from founders. Nazara’s portfolio companies include, Nodwin Gaming in the esports space, Sportskeeda and Pro Football Network in the sports media space.

Zerodha invests $5 Mn in Tijori

EntrackrEntrackr · 4d ago
Zerodha invests $5 Mn in Tijori
Medial

Zerodha invests $5 Mn in Tijori Zerodha has invested $5 million in stock analytics startup Tijori Finance as the brokerage looks to expand its presence in the enterprise segment. Zerodha has pumped $5 million into stock analytics platform Tijori Finance as the Bengaluru-based startup gears up to sharpen its enterprise play and widen its footprint among institutional investors. The deal also deepens Zerodha’s existing partnership with Tijori, which already powers stock analysis for the brokerage’s flagship trading app Kite. According to Tijori founder Siddharth Hegde, the fresh capital will be channeled toward building new tools, scaling server infrastructure and expanding its team. “We have 15,000 paid subscribers at the moment, and this partnership with Zerodha will help strengthen the number in the coming months,” Hegde told Entrackr. While Tijori has largely been a retail-facing platform since its launch in 2016, offering stock research to individual investors for about Rs 500 per month, the company is now accelerating efforts to tap enterprises such as mutual funds, insurers, and asset managers. Subscription pricing for enterprise clients goes up to Rs 5,000. Hegde said that nearly 70% of Tijori’s upcoming product roadmap is now aimed squarely at institutional users, with the remaining 30% reserved for retail investors. A major part of this push is its upcoming AI-driven tool Call Monitor, designed specifically for enterprise customers. The feature automatically generates summaries of quarterly earnings calls within minutes, compressing what is typically a 24–48 hour delay, and flags inconsistencies or contradictions in management commentary and regulatory filings, giving investors an early edge. For retail users, Tijori’s AI-powered Alerts tool delivers real-time updates on WhatsApp, offering instant notifications on corporate filings, results, and other market-moving developments. The company is also deepening its data stack as it eyes a larger enterprise footprint. Tijori said it is aggregating regulatory filings, investor presentations, supply chain data, raw material trends and historic financials to build a more comprehensive intelligence layer for both retail and institutional customers. With Zerodha’s strategic backing and a sharpened enterprise focus, Tijori is positioning itself as a key data intelligence player in India’s fast-evolving public markets ecosystem.

Download the medial app to read full posts, comements and news.