Nazara Technologies Kicks Off Major Expansion: Bringing In €10.6 Billion for Global Domination!
Nazara Technologies Increases Shares Ownership in Sportskeeda
Your favorite Indian gaming and sports media powerhouse, Nazara Technologies, has pulled a staggering financial move! Announcing its largest-ever fundraising of ₹900 Crore, the company is geared up to conquer new territories across the globe.
The board of directors has authorized a preferred equity issuance to boost its coffers. With the approval of regulatory bodies and shareholders, Nazara Technologies will venture into unexplored territories for strategic acquisitions and material project investments.
Here's the scoop on all the highlights!
Nazara's A-List Investors: Think Investments, Junomoneta Finsol, SBI Mutual Fund, And More!
Several bigwig investors are chipping in the ₹ 900 crores financing pool. The list includes, but isn't limited to, Think Investments, Junomoneta Finsol, SBI Mutual Fund, Discovery Investments, Mithun, Siddharth Sacheti, Cohesion Investments, and Chartered Finance and Leasing. With these funds, Nazara Technologies aims to strengthen its financial foundations, preparing for long-term growth in the worldwide gaming and sports media sectors.
Absolute Sports Domination: Nazara Takes Over 91% grip on Sportskeeda
Apart from the fundraising news, Nazara has also seized more of its stake in Absolute Sports Pvt. LTD., the parent company of Sportskeeda. For the sum of ₹145.5 Crore, the savvy gaming guru obtained an additional 19.35% share. Pop quiz: What does that mean? Nazara now possesses a whopping 91% of Absolute Sports, securing its stronghold in the sports media realm.
Sportskeeda's Global Reach: Millions of Sports Enthusiasts across India and the US!
Absolute Sports' flagship brand, Sportskeeda, reaches millions of sports fanatics across the globe, including a sizeable audience ranking high among the top sports platforms in both India and the US. With recent acquisitions of Deltia's Gaming, SoapCentral, and Pro Football Network, Sportskeeda has diversified its entertainment and sports portfolio, promising an even more exciting journey ahead!
The CEO Talks: Nitish Mittersain Shares His Vision
The spectacular move by Nazara Technologies has delighted Nitish Mittersain, CEO and Joint MD of Nazara Technologies. Mittersain believes that the company's ability to draw major players as investors reflects their long-term confidence in the gaming and sports media sector. With the ₹900 Crore fundraising, Nazara is now positioned to speed up development in essential areas and cement Absolute Sports' leadership in the sports media industry.
Nazara: The Indian Gaming Giant
Did you know? Nazara Technologies is the only publicly traded gaming and esports firm in India! With ownership stakes in worldwide gaming and esports brands that rule the roost in countries like India, the US, and beyond, the company is quickly turning into a powerhouse in the gaming and esports scenes.
The company's influence isn't limited to gaming and esports. With its fingers in various pies like NODWIN Gaming, Sportskeeda, Pro Football Network, and more, Nazara has various income streams to continue expanding across the sport and gaming media sectors.
A Wide Range of Offerings: From Gamified Learning Platforms to World Cricket Championship!
With a diverse portfolio, Nazara offers everything from gamified learning opportunities like Animal Jam and Kiddopia to the popular World Cricket Championship (WCC) franchise. The company partners with mobile operators in numerous developing countries for the distribution of casual games, ensuring Nazara's ubiquity in the gaming space. What's more, Nazara's digital ad tech startup Datawrkz provides user acquisition and ad monetization tools, helping the company and external clients thrive.
The Poker & Offline Entertainment Push
Nazara has spread its wings beyond sports and gaming media. The company has expressed interest in pouring ₹982 Crore into Poker Baazi, a significant player in the gaming industry, cementing its presence in other segments of the game industry. Additionally, the acquisition of Smaash will help Nazara foray into the offline gaming and entertainment sector, ensuring continuous revenue growth and customer touchpoints.
The Road Ahead: Global Expansion and Market Dominance
With its recent fundraising and strategic acquisitions, Nazara Technologies is poised for impressive growth. The gaming giant isn't just about short-term gains; it's a long-term investor aiming to build robust growth in gaming, esports, and interactive entertainment. Stay tuned for more updates on Nazara Technologies, poker, and the gaming industry. To stay in the loop, follow pokerbol on Facebook, Instagram, Twitter, and Telegram!
Nazara Technologies, with its expansion in the sports and gaming sectors, aims to capitalize on various opportunities within these industries. The company's strategic investments and acquisitions, such as those in Sportskeeda and Poker Baazi, demonstrate Nazara's commitment to sports media dominance and diversification into offline gaming and entertainment.
