Nodwin Gaming | Business Upturn

Nazara Technologies infuses Rs 63.98 crore in Nodwin Gaming

Matrika Shukla — Sat, 28 Dec 2024 12:04:58 +0000

Nazara Technologies Limited has completed a significant investment in its material subsidiary, Nodwin Gaming Private Limited. The company has infused INR 63.98 crore by subsc

ribing to 3,454 optionally convertible preference shares of INR 1 each. This move, as part of the Securities Subscription Agreement (SSA) executed on December 2, 2024, underscores Nazara’s commitment to expanding Nodwin’s operations and enhancing its gaming portfolio.

The fund infusion, announced on December 28, 2024, strengthens the financial position of Nodwin Gaming, a key player in the esports and gaming sector. The investment is expected to boost Nodwin’s growth and further its strategic initiatives within India and internationally, in markets like the Middle East, Africa, and Europe.

This development aligns with Nazara Technologies’ ongoing efforts to support its subsidiaries and foster the growth of gaming and esports platforms, ultimately contributing to its vision of global expansion.

Nazara Technologies: Nodwin Gaming acquires 100% equity in Trinity Gaming India

Matrika Shukla — Fri, 13 Dec 2024 13:13:15 +0000

Nazara Technologies Limited announced that its material subsidiary, Nodwin Gaming Private Limited, has successfully acquired 100% of the equity share capital of Trinity Gaming India Private Limited. The acquisition, valued at ₹24.00 crores, was concluded following the Share Purchase Agreement dated November 29, 2024.

The deal involved a combination of ₹4.80 crores in cash and the issuance of 1,036 equity shares of Nodwin worth ₹19.20 crores to the founders of Trinity, Abhishek Aggarwal and Shivam Rao. With this acquisition, Trinity becomes a wholly owned subsidiary of Nodwin Gaming, and consequently, a step-down subsidiary of Nazara Technologies.

This move marks a significant expansion for Nodwin Gaming in the gaming sector, strengthening its position in the industry.

Nazara Technologies announces investments worth Rs 196 crores to strengthen gaming and entertainment portfolio

Matrika Shukla — Mon, 02 Dec 2024 12:23:45 +0000

Nazara Technologies Limited, India’s only listed diversified gaming and sports media company, has announced a series of five strategic investments totaling INR 196 Crores aimed at strengthening its position in the gaming and entertainment ecosystems.

The company has expanded into physical entertainment with a significant acquisition of a 60% stake in Funky Monkeys Play Centers Pvt. Ltd., an indoor soft play center operator for children. This investment, worth INR 43.7 Crores, will allow Nazara to tap into the growing market for family-oriented recreational centers. Funky Monkeys currently operates 11 centers across India, offering interactive play experiences for children. Co-founders Binita Putcha and Sanjay Ghadiali expressed their excitement about the partnership, emphasizing the synergy between Nazara’s digital products and Funky Monkeys’ physical offerings.

Additionally, Nazara has invested INR 4.2 Crores for a 4.7% stake in Learntube.ai, an AI-powered platform that is revolutionizing education through gamified and interactive learning. With over 20 lakh learners, Learntube is one of the world’s largest personalized learning platforms, providing affordable, interactive educational experiences for professional skilling.

Nazara has also increased its stake in several of its existing subsidiaries. The company will invest INR 64 Crores in Nodwin Gaming, a leading esports platform, to further enhance its intellectual properties and expand in emerging markets. Furthermore, Nazara will invest INR 69 Crores in Absolute Sports (Sportskeeda), purchasing shares from management to make it a wholly-owned subsidiary. An additional INR 15 Crores will be invested in Datawrkz, a digital ad tech company, to support its ongoing growth.

Speaking on the investments, Nitish Mittersain, Managing Director of Nazara, stated, “Nazara is committed to building the largest diversified gaming and entertainment platform out of India. These investments are a strategic move to propel profitable growth in gaming, esports, and entertainment.”