Nazara Technologies has raised Rs 495 crore in a significant funding round led by Axana Estates LLP, marking a strategic partnership with Arpit Khandelwal, Founder & Managing Partner of Plutus Wealth Management LLP, and Mithun Sacheti, Founder of Caratlane.
This investment aims to bolster Nazara’s position as a global leader in gaming and digital entertainment while further accelerating its growth trajectory. The funding round also triggered a mandatory open offer due to the stake increase.
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Nitish Mittersain, Jt. Managing Director and CEO of Nazara Technologies, said: “Nazara is set for global growth, and we are excited to partner with Arpit & Mithun, who share our vision. Their belief in our potential and expertise will help us scale new heights, positioning Nazara as a unique global gaming company from India.”
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This collaboration unites diverse expertise and resources, forming a robust partnership that empowers Nazara to explore new markets, adopt advanced technologies, and improve operational efficiency.
Nazara will maintain its independent operations under the guidance of Chairman and Managing Director Vikash Mittersain, alongside Joint Managing Director and CEO Nitish Mittersain.
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The funds will be utilized to drive organic growth, pursue strategic acquisitions, and expand the company’s presence in new markets.
Arpit Khandelwal, Founder & Managing Partner of Plutus Wealth Management LLP, added: “We are excited to deepen our investment in Nazara, a company with a proven track record of capitalizing on global gaming trends. This consolidation of ownership will provide growth capital and bring strategic expertise to support Nazara, its promoters & team in the journey of becoming a world- leading gaming and entertainment brand.”
In addition to this strategic partnership, Nazara is bolstering its mobile gaming portfolio with the acquisition of two popular game IPs from ZeptoLab.
Mithun Sacheti, Designated Partner of Axana Estates LLP & Founder of Caratlane said: “Gaming is the new consumer play, blending entertainment, technology, and community to create unmatched engagement. It has become a powerful platform to connect with audiences and shape consumer behaviour in real time. We are thrilled to partner with Nazara to unlock its immense potential and drive global growth and look forward to unlocking the Company’s full potential in collaboration with its exceptional management team.”
Recently, For INR 72.73 Cr (about $8.4 Mn), gaming giant Nazara Technologies has acquired an additional 10.26% share in its subsidiary Absolute Sports.
