Total amount raised
$465 Million
Latest funding date
01/01/2025
Location
Nazara Technologies has successfully raised funds through 17 funding rounds, with the latest being a Post-IPO Secondary round. The company has also made 26 investments, with its most recent investment in LearnTube.
With a diverse portfolio that includes interactive gaming, eSports, ad-tech, and gamified early learning ecosystems, Nazara Technologies continues to attract significant investor interest. Keep reading to explore the intricacies of Nazara Technologies' fundraising journey and the investors backing this dynamic platform.
What Is Nazara Technologies?
Nazara Technologies is a prominent mobile gaming company headquartered in Mumbai, Maharashtra, India. The company operates in various sectors, including interactive gaming, eSports, ad-tech, and gamified early learning ecosystems.
Founded in 1999, Nazara Technologies has grown to employ between 101-250 people. The company has made significant strides in the gaming industry, attracting substantial investor interest and making numerous investments and acquisitions.
How Much Funding Has Nazara Technologies Raised?
- Post-IPO Secondary
- Amount Raised: INR 2,163,200,000
- Date: December 2025
- Lead Investors: SBI Mutual Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to existing shareholders.
- Post-IPO Equity
- Amount Raised: INR 4,950,000,000
- Date: January 2025
- Lead Investors: Axana Estates
- Valuation at Round: INR 990 per share
- Motivation Behind the Round: To accelerate growth and expand into new markets.
- Post-IPO Equity
- Amount Raised: INR 8,550,000,000
- Date: November 2024
- Lead Investors: SBI Mutual Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support strategic acquisitions and organic growth.
- Post-IPO Equity
- Amount Raised: INR 2,200,000,000
- Date: October 2024
- Lead Investors: SBI Mutual Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance operational efficiencies and access new markets.
- Post-IPO Equity
- Amount Raised: INR 2,500,000,000
- Date: January 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support product development and market expansion.
- Post-IPO Equity
- Amount Raised: INR 5,100,000,000
- Date: August 2023
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fund strategic acquisitions and growth initiatives.
- Grant
- Amount Raised: Not publicly disclosed
- Date: December 2022
- Lead Investors: The Hashgraph Association
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support technological advancements and innovation.
- Post-IPO Equity
- Amount Raised: INR 3,150,000,000
- Date: October 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the company's gaming portfolio.
- Private Equity
- Amount Raised: USD 13,700,000
- Date: February 2021
- Lead Investors: Hornbill Capital Advisers
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support business expansion and market penetration.
- Secondary Market
- Amount Raised: INR 5,000,000,000
- Date: January 2021
- Lead Investors: Plutus Wealth Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to existing shareholders.
Total Amount Raised: USD 1,000,000,000. Current Valuation: Not publicly disclosed.
Key Investors
- SBI Mutual Fund
- Details: SBI Mutual Fund is one of the largest mutual funds in India, managed by SBI Funds Management Pvt. Ltd. It offers a wide range of investment solutions across asset classes.
- Investment Focus Areas: Equity, debt, hybrid funds.
- Notable Investments: Reliance Industries, HDFC Bank, Infosys.
- Axana Estates LLP
- Details: Axana Estates LLP is an investment firm led by Arpit Khandelwal and Mithun Sacheti. They focus on strategic investments in high-growth sectors.
- Investment Focus Areas: Technology, gaming, digital entertainment.
- Notable Investments: Nazara Technologies.
- Plutus Wealth Management LLP
- Details: Founded by Arpit Khandelwal, Plutus Wealth Management LLP specializes in wealth management and strategic investments. They aim to support companies in becoming leading brands.
- Investment Focus Areas: Technology, gaming, digital entertainment.
- Notable Investments: Nazara Technologies.
- The Hashgraph Association
- Details: The Hashgraph Association is dedicated to accelerating the adoption of the Hedera Hashgraph platform. They provide grants and support to innovative projects.
- Investment Focus Areas: Blockchain, distributed ledger technology, decentralized applications.
- Notable Investments: Nazara Technologies.
- Hornbill Capital Advisers
- Details: Hornbill Capital Advisers is an investment firm that focuses on providing growth capital to emerging companies. They are known for their strategic expertise and support.
- Investment Focus Areas: Technology, consumer goods, financial services.
- Notable Investments: Nazara Technologies.
What's Next for Nazara Technologies?
Nazara Technologies is poised for significant growth, driven by a strategic partnership with Axana Estates LLP. This collaboration, marked by a Rs 495 crore investment, aims to accelerate Nazara's expansion into new markets and enhance its operational efficiencies. The acquisition of popular game IPs like 'CATS: Crash Arena' and 'King of Thieves' further strengthens its mobile gaming portfolio, positioning the company for global success.
Future fundraising opportunities are on the horizon, with a public open offer to acquire an additional 26% stake in the company. This move could infuse substantial capital, enabling Nazara to pursue further strategic acquisitions and organic growth. However, the company must navigate regulatory approvals and integrate new assets seamlessly to maintain its growth trajectory.
Challenges include managing the expectations of new and existing investors and ensuring the successful integration of acquired game IPs. Despite these hurdles, Nazara's strategic partnerships and market expansion efforts signal a promising future in the dynamic gaming industry.
Use Clay to Get Funding Data
Sales professionals, take your strategy to the next level by leveraging Clay’s platform to access comprehensive fundraising data on companies like Nazara Technologies and gather other critical business insights.
Sign up for free to start making data-driven decisions and stay ahead in the competitive market.
