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Nazara Partners Telangana Govt To Drive AI Innovation In Gaming & Digital Entertainment
Inc42
·
11m ago
Medial
Nazara Technologies has partnered with the Telangana government to establish an AI Centre of Excellence (AI CoE) with a focus on gaming and digital entertainment. The centre will promote research, development, and innovation in areas such as gaming, interactive media, and gamified learning by leveraging technologies like AI, VR/AR, and blockchain. Its objectives include policy development, support for startups, skill enhancement, and collaboration with global experts to create an inclusive community.
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Nazara Tech partners Telangana govt for AI centre of excellence
Economic Times
·
11m ago
Medial
Gaming and e-sports company Nazara Technologies has partnered with the government of Telangana to establish an AI centre of excellence (AI CoE) focused on gaming and digital entertainment. The 'Nazara AI CoE' will focus on research, development, and innovation in areas such as gaming, interactive media, gamified learning, and other digital content, leveraging technologies like AI, VR/AR, blockchain, and Web 3.0. The collaboration aims to advance AI-driven gaming and digital entertainment, while positioning Telangana as a global hub for AI innovation. The Nazara AI CoE will empower startups, enhance skills, and attract technology investments.
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Nazara invests $23.1 mn in five companies, boosts offline play
VCCircle
·
8m ago
Medial
Indian digital gaming company, Nazara Technologies, has invested $23.1 million in five different companies as part of its merger and acquisition strategy. It agreed to acquire a 60% stake in indoor play centre operator Funky Monkeys Play Centers, expanding into the offline entertainment space. The company also increased its stakes in Learntube.ai, Sportskeeda, Nodwin Gaming and Datawrkz. Nazara aims to create an "integrated ecosystem" that spans both digital and physical gaming experiences. The move follows Nazara's acquisition of domestic gaming arcade operator Smaaash Entertainment in August.
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Meta partners with Telangana govt on e-gov, citizen services leveraging AI tech
Economic Times
·
11m ago
Medial
Social media giant Meta has announced a two-year partnership with the Telangana government to improve e-governance and citizen services using AI technologies. The collaboration aims to empower public officials and citizens with emerging technologies like AI to enhance e-governance and citizen services. Meta will work with the Telangana government to deploy e-governance solutions using its generative AI technologies, such as the 'Llama 3.1 model,' to transform public service delivery and increase efficiency. The partnership aligns with Meta's open approach to AI innovation and Telangana's digital leadership, fostering social and economic opportunities in the state.
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Nazara gets go-ahead for Smaaash acquisition from creditors
Economic Times
·
1y ago
Medial
Media and gaming firm Nazara Technologies has received a letter of intent for the acquisition of sports entertainment company Smaaash Entertainment, which is currently undergoing an insolvency process. The committee of creditors of Smaaash Entertainment has approved Nazara's resolution plan, pending approval from regulatory authorities. In addition, Nazara has also acquired UK-based gaming studio Fusebox Games for Rs 228 crore ($27.2 million). These acquisitions are part of Nazara's broader strategy of expanding its presence in the gaming and esports industry.
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"Today, India is emerging as global hub for film production, digital content, gaming": PM Modi at Waves Summit
Economic Times
·
3m ago
Medial
Prime Minister Narendra Modi highlighted India's emerging role as a global hub for film production, digital content, gaming, and more at the World Audio Visual and Entertainment Summit (WAVES) 2025. He emphasized the growth potential of India's creative economy and urged young creators to drive innovation. WAVES aims to showcase India's media prowess and expand its global footprint. The summit includes global participation, promoting creativity while preserving cultural richness in a technology-driven era.
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Nazara Technologies seeks to acquire Smaaash under IBC
Livemint
·
1y ago
Medial
Gaming company Nazara Technologies is reportedly planning to acquire Smaaash Entertainment through the insolvency and bankruptcy process. Nazara will submit its resolution plan by 9 March for the bankrupt firm, which was admitted by the Mumbai bench of the National Company Law Tribunal in May 2022. Other companies, including Adlabs Entertainment and Manikchand Group, have also expressed interest in the insolvent firm. The bid amount remains confidential. Smaaash Entertainment, founded in 2012, is a sports entertainment company that specialises in sports simulation and gamification technologies.
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Nazara expands M&A war chest; to buy Smaaash, UK gaming studio
VCCircle
·
1y ago
Medial
Mumbai-based gaming and sports media company, Nazara Technologies, has announced plans to increase its budget for mergers and acquisitions in order to expand its global presence. Initially allocating $100 million for M&As, Nazara will now spend more than planned as it aims to build its position in the global market. The company has already acquired Smaaash, a leading entertainment and gaming company in India, and a UK-based gaming studio.
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Nazara invests Rs 196 Cr in five firms including Funky Monkeys Play
Entrackr
·
8m ago
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).
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NTT DATA, Neysa ink MoU with Telangana govt to set up Rs 10,500 Cr AI data centre cluster
YourStory
·
3m ago
Medial
NTT DATA and Neysa Networks signed an MoU with the Telangana government to establish an AI Data Centre Cluster in Hyderabad, investing Rs 10,500 crore to develop a 400 MW facility with 25,000 GPUs. This collaboration aims to create an AI innovation ecosystem. Additionally, Toshiba Transmission and Distribution Systems will expand its manufacturing facilities in Telangana with a Rs 562 crore investment. Chief Minister Revanth Reddy encouraged international investments by highlighting Telangana's robust infrastructure and policies.
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Nazara Seeks Shareholders’ Nod For Increasing Limit For Granting Loans
Inc42
·
1y ago
Medial
Nazara, a leading gaming company, is looking to expand through strategic acquisitions and investments in other companies. It aims to acquire a stake in Paper Boat Apps and increase its holding to 100%. Paper Boat Apps is known for its popular children's learning app, Kiddopia. Nazara is seeking approval from its shareholders for this acquisition and plans to utilize inorganic growth strategies to drive its expansion in the gaming industry.
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