Nazara invests $2.5 million in US-based Bitkraft Ventures : Rashtra News #Nazara #invests #million #USbased #Bitkraft #Ventures New Delhi: Nazara Pte. Ltd, a wholly-owned subsidiary of Nazara Technologies on Tuesday said that it has invested in US-based Bitkraft Ventures, an investment platform for gaming and Web3. Mumbai-based Nazara will invest $2.5 million in Bitkraft Ventures
Listed gaming firm Nazara Technologies Wednesday said the company has earmarked $100 million (Rs 830 crore) for merger and acquisition opportunities, as it gears up ..
Entities related to Nikhil Kamath invested a total of Rs 100 crore, while entities related to ICICI Prudential put in Rs 75 crore. The remainder came from investment firms Plutus Wealth Management and Chartered Finance and Leasing Ltd.
“There is a great opportunity for a company like Nazara to acquire global studios and address the US market. It can be very profitable for us. We have an established playbook and we are kind of doubling down on that strategy. So, pretty excited about what the US market prospects are. Also, pretty excited about the Indian long-term opportunity. We have got our hands in both pies.”