Nazara Tech pledges Rs 830 crore to boost global expansion via strategic M&As

Nazara Tech’s expansion plans: Nazara Technologies Limited, a gaming and sports media company, has announced to allocate Rs 830 crore towards mergers and acquisitions (M&A) over next 24 months. step will enable Nazara to expand its operations and increase its global presence as a premier gaming platform on international stage.

Building on its recent fundraising of Rs 760 crore through investors such as Nikhil Kamath, ICICI Prudential MF, and Plutus Wealth Management, Nazara is planning for a major expansion in foreseeable future. 

Nazara is exploring global opportunities within gaming, esports, and tech sectors, with a specific focus on established gaming IPs and studios, as well as emerging technologies such as web3, Virtual Reality, and AI. 

Nitish Mittersain, Joint Managing Director & CEO of Nazara Technologies, underlined company's successful 'acquire and scale' strategy, citing post-acquisition growth in entities like Kiddopia, Nodwin Gaming, and Sportskeeda. 

Mittersain said, “Our unique decentralised model allows se businesses to operate autonomously by strong management and provides us with significant bandwidth to scale platform we have created. $100 million pledge will furr boost this opportunity for us in that direction. We are particularly focused on investing in and acquiring gaming studios globally with a specific focus on India’s 500 million gamers as well as large North American market”

Nazara's portfolio includes a diverse range of gaming and esports brands, spanning across India, US, and or global markets. Notable entities under Nazara umbrella include Nodwin Gaming in esports, Sportskeeda and Pro Football Network in sports media, as well as gamified early learning products like Kiddopia and Animal Jam, which enjoy global leership in ir respective segments.