Nazara Technologies is one of the leading mobile games company headquartered in Mumbai. Nazara Technologies share price is increasing regularly due to investment by leading investors.
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Ace investor Rakesh Jhunjhunwala had in December 2017 acquired a minority stake in WestBridge Capital-backed Nazara Technologies for approximately Rs 180 crore.
Asset management firm India Infoline Finance Ltd’s (IIFL) Special Opportunities Fund has acquired a minority stake worth Rs 330 crore in Nazara Technologies.
Nazara Technologies is engaged in acquisition of, value addition to and distribution, of mobile games across emerging markets such as India, Middle East, Africa, South East Asia and Latin America. The company’s independent subsidiaries are Next Wave Multimedia, NODWIN GAMING and our investee companies include Hashcube Inc., Mastermind Sports Limited, Moonglabs Technologies Private Limited and HalaPlay Technologies Private Limited.
Some of the company’s mobile games popular on the Google Play Store are ‘World Cricket Championship 2’, ‘Chhota Bheem Race’, and ‘Motu Patlu Game’. These games have consistently been part of the top three games on the top free charts of Google Play Store.
Nazara Technologies and Delta Corp together invest Rs 40 crore as part of Series-A funding round in HalaPlay, an online Daily Fantasy Sports platform. Halaplay is a real money based daily fantasy sports platform. HalaPlay launched in 2017, has seen an explosive growth in the user base and total transactions since then. HalaPlay has in the past received investment from Nazara Technologies, Kae Capital, Angel List and other angel investors and is currently set to be the second largest Daily Fantasy Sports (DFS) platform in India. Halaplay has seen 10x user growth in the last 12 months and will exponentially grow with over 1 crore active players to play in upcoming cricket season.