Nazara Technologies Limited, India's premier listed gaming and esports company, has contributed Rs 196 crores in four gaming companies. The company procured a 60% stake in Funky Monkeys Play for Rs 43.7 crore.

This speculation in Funky Monkeys Play is pointed to extend Nazara’s footprints into physical amusement. Nazara moreover contributed Rs 4.2 crores in LearnTube.ai, an AI-driven instructive stage with over 20 lakh clients, to progress gamified learning experiences.

The rest of the Rs 148 crore has been distributed to existing backups, counting Nodwin Gaming, Sportskeeda, and Datawrkz at Rs 64 crore, Rs 69 crore and Rs 15 crore, respectively.

“These activities adjust with our vision of making a broadened global gaming and excitement platform,” said Nitish Mittersain, CEO, Nazara.

Nazara proceeds to overwhelm India's esports scene with back-to-back acquisitions through fundamental and auxiliaries. As of late, Nazara-backed NODWIN Gaming procured a gaming agency Trinity Gaming for $2.8 million.

In October, Nazara' backup Datawrkz obtained a 100% stake in UK-based Space & Time. It too contributed Rs 982 crore in PokerBaazi’s parent Moonshine Innovation and obtained stakes in e-sports companies such as Stan, Fusebox Games, Kiddopia’s developer Paper Vessel Apps, Ultimate Teen Patti, and DeltiasGaming.

Last month, the Mumbai-based firm moreover raised Rs 855 crore (roughly $100 million) through a special issue.

Nazara’s income from operations detailed a humble development of 7.4% Q-o-Q to Rs 319 crore in Q2 FY25 with benefits expanding as it were 2.4% to Rs 21.75 crore in the same period. Sometime recently the advertise closed on Monday, the company’s offers were exchanging at Rs 1,012, with a add up to showcase capitalization of Rs 7,747 crore (around $922 million).

source: entrackr.