Gaming platform Nazara raises ₹100 crore


Nazara Technologies Ltd, a diversified gaming and sports media platform, has raised ₹100 crore from Instant Growth Ltd (IGL), an investment vehicle of North America-based limited partners (LPs) of Hornbill Orchid India Fund, to accelerate its growth.

Manish Agarwal, CEO, Nazara said “We welcome Hornbill Capital’s entry into the Indian gaming ecosystem with their investment. The leadership team of Hornbill Capital has been part of the growth story of many consumer internet companies and we look forward to leveraging their experience of working with some of the smartest tech entrepreneurs across the globe and having an inside view of blitz scaling of their portfolio companies in the last decade.”

Manoj Thakur, founder & managing partner, Hornbill Capital Advisers LLP, said, “We have been closely following Nazara’s journey over several years, as it evolved into a platform for gaming and gamified early learning. Through prudent capital allocation, we believe that the team at Nazara has demonstrated their ability to build a formidable presence in esports, gamified early learning and mobile gaming – some of the most exciting spaces in India over the next decade.”

You have reached your limit for free articles this month.

Subscription Benefits Include

Today’s Paper

Find mobile-friendly version of articles from the day’s newspaper in one easy-to-read list.

Unlimited Access

Enjoy reading as many articles as you wish without any limitations.

Personalised recommendations

A select list of articles that match your interests and tastes.

Faster pages

Move smoothly between articles as our pages load instantly.

Dashboard

A one-stop-shop for seeing the latest updates, and managing your preferences.

Briefing

We brief you on the latest and most important developments, three times a day.

Support Quality Journalism.

*Our Digital Subscription plans do not currently include the e-paper, crossword and print.

.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *