Thursday, June 13, 2024
Outlook India
Outlook Business

Nitish Mittersain

Lucknow-based Knocksense operates on a subscription-driven commerce model, coupling carefully curated content feeds with exclusive privileges at local establishments.

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

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

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

In Q1FY24, its revenue grew by 14% YoY, reaching Rs 254.4 crores, while its Profit After Tax (PAT), rose by 31% YoY, amounting to Rs 20.9 crores

The company is also planning to increase its stake in Nextwave Multimedia from 52.38 per cent to 71.88 per cent

Knocksense is currently present in four cities in India namely Lucknow, Kanpur, Indore and Ahmedabad

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