🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
✕
Login
Home
News
Messages
Startup Showcase
Trackers
Premium
Premium Content
Jobs
Notifications
Settings
Try our Valuation Calculator →
Log In
News on Medial
Nazara Ups Stake In Nextwave To 74.88%
Inc42
·
7m ago
Medial
Nazara announced in a filing that it has acquired 1,000 equity shares of Nextwave Multimedia, increasing its total holding to 74.88% from 71.88%. This purchase is the first part of Nazara's plan to acquire an additional 28.12% stake in Nextwave Multimedia for INR 21.6 Cr.
View Source
Related News
Nazara Technologies increases stake in Next Wave Multimedia
Entrackr
·
7m ago
Medial
Nazara Technologies Limited has acquired 1,000 equity shares of Next Wave Multimedia and increased its equity holding in the latter to 74.88% from 71.88%. The company has paid Rs 2.3 crore as the first tranche and will discharge the balance amount in due course, Nazara said in a stock exchange filing. Nextwave remains a subsidiary of Nazara Technologies. The second tranche will include buying 8,375 shares, representing 25.12% of Nextwave Multimedia, for Rs 19.33 crore either by cash or stock issuance of Nazara Technologies within six months of the closure of the first tranche. Nazara first acquired a majority stake in Nextwave Multimedia in 2018 and increased its stake to 71.88 percent in May 2023. Last month, Mumbai-based Nazara Technologies raised Rs 855 crore (approximately $100 million) through a preferential issue. The board approved the allotment on November 27, 2024, after receiving application funds from eligible investors. In the September quarter (Q2 FY25), Nazara Technologies 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. Recently, gaming and esports company Nodwin Gaming has received approval of Rs 64 crore in funding from its parent company Nazara Technologies. It also acquired Trinity Gaming for Rs 24 crore.
View Source
Nazara Acquires 100% Stake In Subsidiary Nextwave For INR 21.6 Cr
Inc42
·
1y ago
Medial
Nazara has acquired an additional 28.12% stake in Nextwave for INR 21.6 Cr. This comes after Nazara previously acquired a majority stake in Nextwave in January 2018. However, Nazara's consolidated net profit for Q4 FY24 has declined by 98% YoY to INR 18 Lakh.
View Source
Nazara acquires IP rights of Ultimate Teen Patti from Games24x7
Entrackr
·
1y ago
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.
View Source
Nazara Buys UK-Based Gaming Studio Fusebox Games For INR 235 Cr
Inc42
·
11m ago
Medial
Indian gaming company Nazara Technologies has acquired London-based gaming studio Fusebox Games for £21.18 million ($29.3 million). The acquisition was done through Nazara's subsidiary, Nazara UK. Fusebox Games specializes in IP-driven interactive story-based games that generate revenue through in-app purchases. This acquisition is part of Nazara's strategy to expand its gaming portfolio, following previous acquisitions of Nextwave Multimedia and Circle of Games.
View Source
Nazara’s Nextwave To Finalise Acquisition Of Ultimate Teen Patti In Next One Month
Inc42
·
1y ago
Medial
Nextwave Multimedia has acquired the intellectual property rights for "UTP - Ultimate Teen Patti" from Nazara. The acquisition, valued at INR 10 Cr, was finalized with INR 9 Cr paid on April 4. Ultimate Teen Patti, a social casual card game, was launched in 2015 and does not involve real money winnings for players.
View Source
Nazara’s Absolute Sports acquires TJRWrestling.net and ITRWrestling.com
Entrackr
·
2m ago
Medial
Absolute Sports, a subsidiary of Nazara Technologies and the parent company of Sportskeeda.com, has signed definitive agreements to acquire TJRWrestling.net and ITRWrestling.com from Titan Insider Digital. The acquisition, valued at $1.25 million (approximately Rs 10.5 crore), is an all-cash asset purchase via Absolute Sports' U.S. subsidiary, Sportskeeda Inc., and is expected to close within 45 days. This acquisition aims to strengthen Sportskeeda's presence in the combat sports segment and expand its reach in the U.S. market. Ajay Pratap Singh, CEO of Absolute Sports, stated that the acquisition aligns with the company's vision to be a leading destination for wrestling content worldwide. TJRWrestling, and ITRWrestling, collectively attract 1.7 million monthly active users and generate 4.6 million monthly pageviews, primarily from North America. In 2024, the two platforms reported combined revenues of $722,000 (approximately Rs 6.1 crore). Nazara has a history of strategic acquisitions to expand its digital media and gaming portfolio. In 2019, it acquired a 67% stake in Sportskeeda for Rs 44 crore. Other acquisitions include Nextwave Multimedia, Nodwin Gaming, Paper Boat Apps (Kiddopia), WildWorks, and a 47.7% stake in Moonshine Technology, the parent company of PokerBaazi, for Rs 832 crore. In 2024, Nazara acquired Comic Con India for Rs 55 crore through its subsidiary Nodwin Gaming and UK's Fusebox Games for $27.2 million. In January 2025, it purchased two mobile games, King of Thieves and CATS: Crash Arena Turbo Stars, from Zeptolab for $7.7 million. Nazara has also set aside $100 million for future mergers and acquisitions to further its global expansion strategy.
View Source
Nazara’s Absolute Sports acquires assets of DeltiasGaming
Entrackr
·
12m ago
Medial
Absolute Sports, a Nazara Technologies subsidiary and the parent company of Sportskeeda.com, has signed an asset purchase agreement to acquire all the assets of DeltiasGaming.com, a premier source of gaming and e-sports content in the US. The transaction is for an all-cash consideration of $900K ( around Rs 7.5 crore) to be paid over one or more tranches and is expected to be closed in the next 45 days. Last month, Nazara Technologies’ mobile gaming arm Next Wave Multimedia acquired the intellectual property rights of Ultimate Teen Patti from Games24X7 for Rs 10 crore. It also 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. DeltiasGaming.com had revenues of $575K (around Rs 4.8 crore) for the twelve-month period ending June 2024. As per Absolute Sports, it will use its cash reserves to fund the transaction. With this acquisition, Absolute Sports aims to deepen its presence in the gaming and esports media publishing sector in the US region. It plans to use Deltia’s Gaming’s user base of almost 1.5 million monthly readers and its long-standing brand equity to establish the group as an authoritative voice in the gaming media space. The acquisition also provides the group access to a large audience on YouTube and popular gaming streaming network Twitch under the Deltia’s Gaming brand.
View Source
Nazara Technology buys out promoters in Paper Boat, raises stake to 100%
VCCircle
·
1y ago
Medial
Indian gaming firm Nazara Technology has acquired the remaining 48.42% stake in Paper Boat Apps, making it a wholly-owned subsidiary. Nazara, which already owned a 50.91% stake in the company, purchased the remaining shares from promoters Anupam and Anshu Dhanuka for INR300 crore ($39.95m). The acquisition will allow Nazara to drive growth and expansion of the popular learning app Kiddopia, which is developed and published by Paper Boat Apps. Nazara plans to merge Paper Boat Apps into the company and explore new revenue streams including IP licensing, global market expansion, and merchandising.
View Source
CaratLane's Sacheti, Plutus Wealth top up bet on Nazara; make open offer
VCCircle
·
6m ago
Medial
CaratLane's Mithun Sacheti and Plutus Wealth's Arpit Khandelwal invested Rs 495 crore in Nazara Technologies, acquiring a 5.4% stake through preferential allotment. This increases their collective stake with associates to about 27.17%, triggering a mandatory open offer for an additional 26% stake at Rs 990 per share. Nazara plans to use this capital to expand and has acquired game IPs to enhance its mobile gaming portfolio. Shares rose about 5% on the news.
View Source
Nazara to raise Rs 900 crore, hikes stake in Absolute Sports to 91%
Economic Times
·
10m ago
Medial
Nazara Technologies, a gaming and media firm, has approved a preferential equity issue to raise Rs 900 crore from investors including SBI Mutual Fund and Think Investments. The funding will be used for strategic acquisitions, expanding the business, and capitalizing on growth opportunities. In addition, Nazara has acquired a further 19.35% stake in Absolute Sports, the parent company of sports news website Sportskeeda, for Rs 145.5 crore. With this acquisition, Nazara holds a 91% stake in Absolute Sports. The company has been active in acquisitions recently, expanding its presence in the esports and events sectors.
View Source
Trackers
Active Indian VC’s
OG Capital
Email
With a hands-on approach, OG Capital aims to invest in over 20 promising...
Accel Partners
Email
Early and growth-stage investments in disruptive technology companies with...
Blume
Email
Early-stage venture capital firm investing in technology startups in India. Focus on...
Access All Trackers
Startup Showcase Winners
June 2025
Buddy
Helping your parents when you are miles away
BiteStop
The Pit Stop Your Cravings Deserve
Bloomer
The next generation E-commerce platform
Enter Ongoing Startup Showcase
Top Users
Trending News on Medial
Download the medial app to read full posts, comements and news.
Go to Medial App
Not Now
Know everything that’s happening in the startup ecosystem, first.
Enable Notifications?
No, thanks
Count me in