Join our Waitlist for Expert Advice!

Nazara Technologies Pledges USD 100 Mn for Global Expansion The Mumbai-based startup will focus on established gaming IP's, studios and also those advancing in cutting-edge technologies like web3, virtual reality, and AI.

By Paromita Gupta

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Nitish Mittersain, Jt. MD and CEO of Nazara Technologies

Gaming and sports media startup Nazara Technologies Limited has planned to invest USD 100 million in mergers and acquisitions (M&A) within the next 24 months.

The present strategy follows a preferential allotment of INR 760 crore (USD 90 million) from investors, including Plutus Wealth Management, ICICI Prudential MF, and Nikhil Kamath.

As per the official release, the startup will focus on established gaming IP's, studios and also those advancing in cutting-edge technologies like web3, virtual reality, and AI.

Nitish Mittersain, Jt. MD and CEO of Nazara Technologies, said, "Nazara has seen significant success in its 'acquire and scale' strategy over the last few years as can be seen by the post-acquisition growth in Kiddopia, Nodwin Gaming and Sportskeeda among others. The USD 100 million pledge will further boost this opportunity for us in that direction. We are particularly focused on investing in and acquiring gaming studios globally with a specific focus on India's 500 million gamers as well as the large North American market".

Founded in 2000 by Nitish Mittersain, Nazara is a gaming and esports company having presence in India, US and other global markets.

Among its portfolio firms are Pro Football Network and Sportskeeda in the sports media sector, and Nodwin Gaming in the esports space. Gamified early learning solutions like Kiddopia and Animal Jam, which are claims to be industry leaders in their respective segments, are among Nazara's offerings in the interactive gaming segment.

Paromita Gupta

Entrepreneur Staff

Features Writer with Entrepreneur India

Covering news and trends in AI and Metaverse segments. An avid book reader running her personal blog on the side. You may reach me at paromita@entrepreneurindia.com. 
Business News

This New Restaurant Is Banking on One Dish — Because It's the Only Entrée on the Menu

The new hotspot is gaining buzz on social media for its innovative yet super simple concept.

Social Media

Stop Chasing Algorithms — Here's How Creators Can Take Control of Their Content and Monetize on Their Own Terms

Social media platforms promise creators visibility, but the real challenge lies in relying on algorithms for income.

Business News

LinkedIn Is Verifying Users for Free — And Kicking Out Fake Recruiters in the Process

LinkedIn is more than halfway to its goal of verifying 100 million users, and unlike X and Meta, they're not charging for it.

Leadership

4 Bold Leadership Moves Every Successful CEO Uses to Navigate Change

Ready to turn fear into fuel and lead with confidence? In this article, I share how leaving my corporate job without a plan led me to build a thriving business. Learn four bold strategies to embrace uncertainty and turn challenges into opportunities for growth today.

Leadership

Fear is Inevitable. Get Used To It — Here's How the Army Helped Me Through Every Career Change

From combat jumps to job pivots, here's how mastering transitions can help you land successfully in any role — with confidence, preparation and adaptability.