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NODWIN Gaming receives Rs 64 Cr from parent Nazara Technologies

EntrackrEntrackr · 8m 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.

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Nazara Technologies increases stake in Next Wave Multimedia

EntrackrEntrackr · 7m ago
Nazara Technologies increases stake in Next Wave Multimedia
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.

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

EntrackrEntrackr · 8m 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 ends majority control in Nodwin ahead of internal fundraise

EntrackrEntrackr · 20d ago
Nazara ends majority control in Nodwin ahead of internal fundraise
Medial

Nazara ends majority control in Nodwin ahead of internal fundraise Nazara Technologies on Wednesday said that it will no longer retain majority control in its subsidiary Nodwin Gaming. The decision comes as Nodwin prepares to raise new capital from existing shareholders to fund expansion in esports and youth media. Nazara has chosen not to participate in the upcoming round, which will reduce its shareholding in Nodwin to below 50%, the company said in a stock exchange filing. However, it will remain Nodwin’s largest shareholder. To support the fundraise, Nazara’s board has also approved the waiver of certain controlling and restrictive rights. This move will give Nodwin greater operational and financial flexibility, enabling it to raise capital independently. The board has approved Nodwin’s de-subsidiarisation, pending shareholder approval at the August 13 EGM. Post fundraise, Nodwin will be reclassified as an associate company. In January 2018, Nazara acquired a 55% stake in Nodwin Gaming through a cash-and-stock deal. Since then, it has infused capital in the Gurugram-based company in multiple tranches. Most recently, Nazara pumped in Rs 64 crore ($7.5 million) in Nodwin in December last year for expanding its business and intellectual property (IP) portfolio. This will be the second listed, venture-backed company from the Indian startup ecosystem to dilute its stake in a subsidiary below 50%. PB Fintech recently reduced its stake in its subsidiary PB Healthcare Services from 100% to 26% following a fundraise. However, it also participated in the funding round.

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