Tuesday, July 16, 2024
Outlook India
Outlook Business

Nazara Technologies

The online gaming company said that it intends to use this capital to fuel the company's growth and expansion initiatives

Nazara's publishing division is dedicated to nurturing close collaborations with game developers from India and globally

Kratos wants to create a community of gaming studios and players on their platform

Nazara Technologies Limited plans to invest a minimum of Rs 1 Crore per game and launch up to 20 games over the next 18 months

Online gaming start-ups are coming to terms with the new reality of a tough landscape as government pushes ahead with its plans of 28 per cent GST. With uncertainty over the sector’s future rising, will the once thriving industry survive the storm?

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