Nazara to Invest in STAN

Nazara to Invest in STAN

Investments

12 September 2024 16:51

Nazara Technologies has acquired a 15.86% stake in STAN, an Indian esports community platform, for INR 18.4 crore (US$2.2 million). The acquisition, executed through Nazara’s subsidiary Nazara Dubai FZ, is part of the company's strategy to expand its presence in the global esports market.

According to release STAN aligns with Nazara’s goal to integrate community-driven platforms as it seeks international growth.

More:52 Entertainment Acquires Blackout

Nitish Mittersain, Founder and CEO of Nazara, stated “Nazara’s investment in STAN strengthens our position in the rapidly growing gaming and esports landscape. STAN’s mobile-first approach and focus on community engagement align perfectly with our vision to become a leading player in the global esports ecosystem. This acquisition allows us to expand our reach while empowering content creators and fostering a stronger gaming community.”'

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Nazara to Invest in STAN

Investments

12 September 2024 16:51

Tags: Nazara

Nazara Technologies has acquired a 15.86% stake in STAN, an Indian esports community platform, for INR 18.4 crore (US$2.2 million). The acquisition, executed through Nazara’s subsidiary Nazara Dubai FZ, is part of the company's strategy to expand its presence in the global esports market.

According to release STAN aligns with Nazara’s goal to integrate community-driven platforms as it seeks international growth.

More:52 Entertainment Acquires Blackout

Nitish Mittersain, Founder and CEO of Nazara, stated “Nazara’s investment in STAN strengthens our position in the rapidly growing gaming and esports landscape. STAN’s mobile-first approach and focus on community engagement align perfectly with our vision to become a leading player in the global esports ecosystem. This acquisition allows us to expand our reach while empowering content creators and fostering a stronger gaming community.”'

Share:

Sources:

Report mistake   

Submit news   

Related news

View All

Nazara Secures $108m

Nazara Technologies has secured $108 million to enhance its merger and acquisition activities, attracting investment from firms such as SBI...

Investments

Sep 19, 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

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

Investments

Apr 01, 2025

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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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