The gaming wiz in India, Nazara Technologies has its unlisted stocks available on the Minance Private Market.
Nazara Technologies’ offers computer programming services along with developing mobile gaming content and is engaged in value addition and distribution of mobile games across regions such as India, the Middle East, South East Asia, Latin America, etc. Along with games, it also provides multimedia, themes, wallpapers, deploying solutions, wireless solutions that integrate the content of media companies.
Nazara Technologies was founded in 1999 and is one of the leading games companies. Nazara technologies was founded in Mumbai founded by Nitish Mittersain. Nazara Technologies Ltd announced that it has acquired Kae Capital’s stake worth Rs 14.6 crores and become a majority stakeholder in gaming platform Halaplay Technologies Pvt. Ltd in June 2020. Nazara has a network of over 100 million players in India. The company has taken licensed mobile gaming rights to popular Indian IP characters such as Chhota Bheem, Motu Patlu, Mighty Raju, and others.
Nazara Technologies has made various additions since its inception with its most recent acquisition of Sportskeeda in 2019 and owns a 67% stake after investing ₹44 crores in the company. It plans to further invest about $20 million in the gaming sector and development of solutions by the launch of its unlisted stocks, which will be done soon after the COVID-19 pandemic crisis lessens. Nazara Technologies’ unlisted stocks are likely scheduled to launch in 2021, which ensures a huge premium on the unlisted stocks.
Nazara Technologies has an objective to invest in small companies in the gaming domain which require capital. It has set aside a list of 20 companies, which it plans to invest shortly and thus adding value in programming and gaming development. Some of the shortlisted companies include MPL (Mobile Premier League), an application of fantasy gaming. It is on a high-growth scale and is an attractive investment for Nazara Technologies, due to its funding backed up by Sequoia Capital, Times Internet, Go Ventures for almost $35.5 million.