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 Acquires Curve Games

India-based gaming and sports media company Nazara Technologies has announced the acquisition of UK publisher Curve Games for £21.7 million,...

Investments

May 20, 2025

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

Midwest Games Secures $2m

Midwest Games, a rising game publisher headquartered in Wisconsin, has secured a fresh $2 million investment to expand its efforts...

Investments

Sep 24, 2025

A16Z Speedrun Fund Announced

Andreessen Horowitz’s startup accelerator, A16Z Speedrun, has officially launched the application window for its sixth cohort, inviting early-stage startups to...

Investments

Sep 03, 2025

Studio Atelico Secures $5m

Atelico has raised $5 million in seed funding to power its ambitious plans to integrate generative AI directly into game...

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Aug 18, 2025