Monday, September 25, 2023
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Outlook India
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Nazara Technologies

Diversifying its product portfolio to limit its exposure to real money gaming made Nazara Technologies a lucrative prospect for investors, funding winter notwithstanding

Nazara Technology said that its board has approved preferential allotment of equity shares to Kamath Associates and NKSquared

Nazara Technologies will also get exclusive rights to publish the games in the Indian subcontinent and the Middle East region on a revenue-sharing basis

The funding came a few days after the central government announced regulations for online gaming

Nazara Technologies delivered strong growth driven by its e-sports, freemium and adtech business verticals in second quarter of current financial year