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.”

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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.

Tags: Nazara

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