Nazara Technologies said the company is simplifying its corporate structure by either closing or merging entities that are not aligned with its future vision. It has also implemented a new operating model to enable more revenue and free cash flows to accrue directly to the parent company
This is the second time in two months that the company has opted to raise capital. In July, the company decided to raise funds through the issue of equity shares.
As the market share battle heats up for the smartwatch segment in India, domestic startups in the space have begun resorting to price as a key lever for gaining share — reminiscent of smartphone sales online a few years back. This and more in today s ETtech Morning Dispatch.
Nazara Technologies has also acquired exclusive rights to publish the Israeli startup s games in the Indian subcontinent and the Middle East on a revenue-sharing basis for five years