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Nazara Technologies to invest over Rs 4 crore in Israeli game developer Snax Games
Economic Times
·
1y ago
Medial
The investment would be made via its Singapore-based subsidiary Nazara PTE Ltd, the firm said. Nazara also entered an agreement to secure exclusive publishing rights for games made by Snax Games in the Indian subcontinent and the Middle-East region for five years, on a revenue-sharing basis.
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Related News
Nazara Tech launches Nazara Publishing to promote high quality games in India
IndianStartupNews
·
1y ago
Medial
Mumbai-based gaming and sports media platform Nazara Technologies has announced the launch of "Nazara Publishing", a new game publishing division. The company aims to bring high-quality games to the Indian and international markets by partnering with Indian and global developers. Nazara plans to invest at least ₹1 crore per game and launch up to 20 games in the next 18 months. In addition to financial support, the platform will provide developers with resources, mentorship, and assistance in areas like game design, localization, and distribution.
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Nazara acquires UK based Fusebox Games for $27.2 Mn
Entrackr
·
1y ago
Medial
Gaming and sports media company Nazara Technologies has acquired Fusebox Games Limited, a UK-based gaming studio for Rs 228 crore ($27.2 million) in an all-cash transaction. Fusebox publishes an interactive story game ‘Love Island’ and is developing new games based on popular global TV IPs. In CY23, the company reported revenues of Rs 87.5 crore ($10.4 million) with an EBITDA of Rs 11.7 crore ($1.4 million). During CY24, Fusebox claims to have recorded a strong growth with year-to-date revenues (January- July 2024) at Rs 116.6 crore ($13.9 million) with an EBITDA of ~Rs 33.3 crore ($4 million). Fusebox primarily targets developed markets including the US, the UK, Australia, Canada, Switzerland, Sweden, Denmark, Norway, and New Zealand among others. The company has 30 employees primarily based in the UK. In March, Nazara announced that it has plans to invest $100 million towards mergers and acquisitions within the next 24 months. Since then, it has invested in Circle of Games, and acquired Kiddopia developer Paper Boat Apps. Through its subsidiaries, Nazara also acquired IP rights of Ultimate Teen Patti from Games24x7, and took over assets of Deltias Gaming. Nazara posted Rs 254.43 crore in total revenue with a profit of Rs 17.8 crore in Q1 FY25. For the fiscal year ending March 2024 (FY24), Nazara’s revenue from operations increased 4.3% to Rs 1,138 crore in FY24 from Rs 1,091 crore in FY23. The firm’s controlled cost and spike in other income helped it post a 23% growth in its profit to Rs 75 crore in FY24 from Rs 61 crore in the previous fiscal year. Earlier this year, the Nitish Mittersain-led firm raised Rs 250 crore ($30 million) from Zerodha’s co-founders-backed Kamath Associates & NKSquared, ICICI Securities, Plutus Wealth Management, and others.
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Nazara launches game publishing platform for developers; to promote Indian games globally
Economic Times
·
1y ago
Medial
Nazara Technologies, an online gaming and esports company, has introduced its own publishing platform called Nazara Publishing to showcase games by developers worldwide in India. The company plans to launch 20 games across various platforms, including mobile, web3, VR, and PC, in the next 18 months with investments of at least Rs 1 crore in each game. The platform aims to partner with Indian and global developers to bring their games to the Indian gaming market and promote Indian developers globally. Nazara Publishing also provides support for game design, localization, data analytics, monetization, and distribution.
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Gaming firm Nazara Technologies raises Rs 250 crore in funding from ICICI Prudential, Nikhil Kamath
Economic Times
·
1y ago
Medial
Gaming firm Nazara Technologies has raised Rs 250 crore in funding from existing investors, including ICICI Prudential and Zerodha co-founder Nikhil Kamath. The funding was part of an overall Rs 750 crore fundraise approved by Nazara's board last year. Nazara also acquired a minority stake in influencer marketing firm Kofluence Tech. The company plans to invest in game publishing and has already launched Nazara Publishing.
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Nazara’s publishing division partners with four Indian gaming studios
Inc42
·
1y ago
Medial
Gaming unicorn Nazara Technologies has partnered with four Indian game studios to publish five casual and mid-core games in India as part of its new publishing division. The company aims to publish 20 games within the next 12-18 months, with investments ranging from INR 1-3 crore per game. The partnership includes games like 'Gravity Shooter', 'World Cricket League', 'Hacked: Password Puzzle', 'Laser Tanks', and 'Paperly'. Nazara Technologies offers financial investment, mentorship, user acquisition, and live operations expertise to game developers.
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Rekha Jhunjhunwala cashes out Rs 374 Cr from Nazara in June
Entrackr
·
1m ago
Medial
Rekha Jhunjhunwala, wife of the late Rakesh Jhunjhunwala, has trimmed her stake in gaming services provider Nazara Technologies Limited during June, as per data available on the BSE. Rekha Jhunjhunwala offloaded 29.75 lakh shares of Nazara Technologies between June 2 and June 10. Based on the average trading price of Rs 1,256.5 during this period, the sale is estimated to be worth around Rs 374 crore. According to the disclosure filed with the Bombay Stock Exchange, Rekha Jhunjhunwala’s shareholding in Nazara Technologies dropped from 7.05% (61.83 lakh shares) as of June 1, 2025, to 3.66% (32.08 lakh shares). As per the shareholding pattern as of March 2025, SBI Mutual Fund holds an 8.37% stake in the company, while Plutus Wealth Management owns 11.54%. NK Squared along with Kamath Associates, both linked to Nikhil Kamath, collectively hold a 3.72% stake. Last month, the Competition Commission of India (CCI) approved the acquisition of a majority stake and control over Nazara Technologies Limited by Axana Estates LLP, Plutus Wealth Management LLP, and Junomoneta Finsol Private Limited. Nazara Technologies has completed four acquisitions in 2025 so far. In January, it acquired two popular mobile game titles King of Thieves and CATS: Crash Arena Turbo Stars from ZeptoLab for $7.7 million. In May, the company acquired UK-based game publisher Curve Games for Rs 247 crore. During the same month, its subsidiary Sportskeeda acquired wrestling news platforms TJRWrestling.net and ITRWrestling.com from Titan Insider Digital in an all-cash deal worth Rs 10.5 crore. On the financial front, Nazara Technologies reported revenue of Rs 520 crore in the final quarter of the previous fiscal year, along with a profit of Rs 4 crore. For the full year FY25, the company recorded a 40.8% year-on-year growth in total income, to Rs 1,715 crore from Rs 1,218 crore in FY24. Nazra is currently trading at Rs 1,276.5 with a total market capitalization of Rs 11,184 crore (approximately $1.31 billion).
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Nazara posts 250 Cr revenue in Q1 FY25, profit spike 38%
Entrackr
·
12m ago
Medial
Gaming and sports media company Nazara Technologies operating revenue has decreased marginally in Q1 FY25. However, the firm managed to grow its profit by over 38% majorly due to low deferred tax. Nazara’s operating revenue fell 6.06% to Rs 250 crore in Q1 FY25 from Rs 266.2 crore in Q4 FY24, its unaudited consolidated financial statements sourced from National Stock Exchange (NSE) show. 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. Nazara also made Rs 25.57 crore via interest and gains on financial assets during the quarter which pushed its overall revenue to Rs 275.65 crore. The company reduced its total expenses by 15.44%, bringing them down to Rs 241 crore in Q1 FY25 from Rs 285 crore in Q4 FY24. Content, events, and web servers collectively contributed 35.17% to the total expenses, while employee benefits and marketing accounted for 21.28% and 17% of the total costs, respectively. Nazara’s fall in expenses led to a 38.53% spike in profit which stood at Rs 23.62 crore in Q1 FY25 against Rs 17 crore in Q4 FY24. With more than a dozen brands under its portfolio, Nazara Technologies is on an acquisition spree. As per TheKredible, the company has acquired 14 startups to date, with 4 deals concluded in the last two months including Fusebox Games, Kiddopia’s developer Paper Boat Apps, IP rights of Ultimate Teen Patti and assets of DeltiasGaming. Nazara has seen significant success in its ‘acquire and scale’ strategy over the last few years and plans to invest $100 million for mergers and acquisitions in the coming two years. Nazara also made headlines last month when Openplay Technologies and Halaplay Technologies, the two subsidiaries of the gaming firm, received notice from the Goods and Services (GST) department to pay nearly Rs 1,120 crore in retrospective taxes for the period of FY18 to FY23. Nazara made its entry into the public market in March 2021 at Rs 1,990 per share and achieved an all-time high of over Rs 2,600 in October 2021. The company also went for a stock split in June 2024 at a 2:1 ratio. Its current share price stands at around Rs 932.15 with a market cap of Rs 7,130 crore or $$850 million, as of Aug 14, 2024 (IST 1:00 PM).
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Nazara acquires UK-based game publisher Curve Games for Rs 247 Cr
Entrackr
·
2m ago
Medial
Nazara Technologies has announced the acquisition of 100% ownership in Curve Digital Entertainment Limited, a UK-based publisher of PC and console games, for Rs 247 crore ($29 million). The deal is being executed through its wholly owned subsidiary, Nazara Technologies UK Ltd, the company informed in a stock exchange filing on Tuesday. CDEL, a leading video game publisher for console and PC platforms, will become a step-down subsidiary of Nazara following the transaction. The deal also includes Curve’s six subsidiaries, such as Kuju Ltd, Runner Duck Games, and IronOak Games, which will be integrated into Nazara’s portfolio upon completion. CDEL is being acquired from Catalis Group, a UK-based media and entertainment company that owns a portfolio of interactive entertainment and QA/testing firms. The acquisition aligns with Nazara’s strategy to expand its footprint in premium game publishing globally. With a strong lineup of original IPs and a proven track record, Curve reported revenues of Rs 263.5 crore and EBITDA of GBP 10.6 million (approximately Rs 120 crore) in CY24. The acquisition is expected to strengthen Nazara’s presence in key gaming markets, including the US, UK, Japan, and South Korea. According to Nazara, the transaction will be funded through intra-group debt and is expected to close within 45 days, subject to regulatory clearances and other customary conditions. Recently, Absolute Sports, a subsidiary of Nazara Technologies and the parent company of Sportskeeda.com, signed definitive agreements to acquire TJRWrestling.net and ITRWrestling.com from Titan Insider Digital. In January 2025, it purchased two mobile games, King of Thieves and CATS: Crash Arena Turbo Stars, from Zeptolab for USD 7.7 million. Nazara has also set aside $100 million for future mergers and acquisitions to further its global expansion strategy. While Nazara has yet to file its Q4 FY25 results, its operating revenue rose by 67% to Rs 535 crore in Q3 FY25 from Rs 320 crore in Q3 FY24. During the period, the company’s profit fell by 53.6% year-on-year to Rs 13.7 crore.
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Nazara Partners nCore To Publish Made In India Mobile Game ‘FAU-G Domination’
Inc42
·
1y ago
Medial
Indian gaming studio, Dot9 Games, along with nCore, has developed FAU-G: Domination, a mobile game featuring modern military themes with Indian characters. The game allows players to explore unique backstories of the characters. Nazara Publishing will handle the marketing and distribution of the game, which is scheduled to open its pre-registrations on Google Play and the App Store later this year. Nazara Technologies, the parent company of Nazara Publishing, aims to bring high-quality games to the Indian and international gaming markets.
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Nazara’s ‘FAU-G: Domination’ Game Surpasses 1 Mn Pre-Registration Mark In 3 Weeks
Inc42
·
10m ago
Medial
Nazara Publishing announced that the Indian multiplayer shooter game, FAU-G: Domination, has received over one million pre-registrations on the Google Play Store within three weeks. Nazara Publishing had partnered with nCore Games earlier this year to publish the game. The company launched its game publishing division, Nazara Publishing, in October 2020 as part of its expansion into game development.
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