Nazara Secures $108m

Nazara Secures $108m

Investments

19 September 2024 22:05

Nazara Technologies has secured $108 million to enhance its merger and acquisition activities, attracting investment from firms such as SBI Mutual Fund, Junomoneta Finsol, and Think Investments. The funds will support Nazara’s strategic acquisition efforts, including increasing its stake in Absolute Sports to 91% with a $17.4 million purchase of an additional 19.35% share.

Nazara CEO and co-MD Nitish Mittersain stated, “Nazara has demonstrated its ability to attract top-tier investors who believe in our long-term vision of establishing India’s first globally respected gaming powerhouse. This fundraise will be instrumental in accelerating our growth across key segments.”

More:Bungie Might Charge $40 for Marathon

Last month, Nazara Technologies also acquired UK-based Fusebox Games for $27.2 million. Founded in 2016, Fusebox is known for its mobile free-to-play titles, including interactive story games based on popular television IPs like Love Island.

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Nazara Secures $108m

Investments

19 September 2024 22:05

Tags: Nazara

Nazara Technologies has secured $108 million to enhance its merger and acquisition activities, attracting investment from firms such as SBI Mutual Fund, Junomoneta Finsol, and Think Investments. The funds will support Nazara’s strategic acquisition efforts, including increasing its stake in Absolute Sports to 91% with a $17.4 million purchase of an additional 19.35% share.

Nazara CEO and co-MD Nitish Mittersain stated, “Nazara has demonstrated its ability to attract top-tier investors who believe in our long-term vision of establishing India’s first globally respected gaming powerhouse. This fundraise will be instrumental in accelerating our growth across key segments.”

More:Bungie Might Charge $40 for Marathon

Last month, Nazara Technologies also acquired UK-based Fusebox Games for $27.2 million. Founded in 2016, Fusebox is known for its mobile free-to-play titles, including interactive story games based on popular television IPs like Love Island.

Share:

Sources:

Report mistake   

Submit news   

Related news

View All

Nazara to Invest in STAN

Nazara Technologies has acquired a 15.86% stake in STAN, an Indian esports community platform, for INR 18.4 crore (US$2.2 million)....

Investments

Sep 12, 2024

Blue Ocean Games Reveals New Fund

Blue Ocean Games, has officially launched with a $30 million investment fund aimed at supporting indie game developers at the...

Investments

Apr 23, 2025

Motorsport Games Receives $2.5m Investment

Motorsport Games has announced a strategic investment worth $2.5 million (~£1.8 million), led by Delaware-based virtual reality (VR) technology...

Investments

Apr 16, 2025

Kameha Ventures Reveals New Fund

Kameha Ventures has launched a €25 million ($27 million) fund aimed at supporting early-stage startups in the games technology sector. The...

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Apr 01, 2025

Tencent Invests $1.25B in Ubisoft

Ubisoft has announced a significant step in its transformation, following a $1.25B investment from Chinese tech giant Tencent. This move...

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