Nazara Technologies, a leading Mumbai-based gaming and sports media powerhouse, is thrilled to announce a significant funding milestone of ₹855 crore ($100 million). This landmark capital infusion was secured through a preferential issue approved by its board on November 27, marking a pivotal step in driving its ambitious growth strategy.
The funds will be strategically utilized to:
- Accelerate Strategic Acquisitions to complement and expand its expanding portfolio.
- Enhance Core Businesses, leveraging advanced innovations to deliver exceptional gaming and media solutions.
- Seize New Growth Opportunities in the dynamic gaming, esports, sports media, and gamified learning markets.
A Look at the Key Players Behind the Investment
The funding round, led by SBI Innovative Opportunities Fund, brought in ₹220 crore for over 23 lakh shares. A diverse group of esteemed investors joined the initiative, including:
- Junomoneta Finsol and Think India Opportunities Master Fund LP, each contributing ₹150 crore.
- Visionary backers Siddhartha Sacheti and Mithun Padam Sacheti.
- Additional notable investors such as Cohesion MK Best Ideas Sub-Trust and Discovery Global Opportunity (Mauritius) Ltd.
Nazara continues to lead the way for India’s gaming and esports ecosystem. With subsidiaries like Nodwin Gaming (esports), Sportskeeda (sports media), and Kiddopia (gamified learning), the company spans highly engaging verticals and is poised to redefine the way audiences experience entertainment. Already, the company has reported an impressive 7.3% revenue growth for Q2 FY25, reaching ₹318.94 crore.
A Bold Vision for the Future
For Nazara Technologies, this latest investment isn’t just about achieving growth—it’s about reshaping the gaming and sports entertainment space. Every initiative, acquisition, and breakthrough will be fueled by one goal—to deliver unforgettable gaming and sports entertainment experiences to millions of fans worldwide.
With in-principle approvals from the BSE and NSE already secured, Nazara is on track for final listing clearance, clearing the way for the brand to rise to new heights.
Stay tuned as Nazara elevates gaming, sports media, and gamified learning to the next level—powered by enthusiasm, innovation, and boundless opportunity.
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