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Nazara Technologies raises Rs 100 Cr funding through Hornbill Capital
Mumbai, Feb 15 (UNI) Nazara Technologies, a leading diversified gaming and sports media platform, on Monday said that it has raised Rs 100 crore from Instant Growth Limited (IGL) which is advised by Hornbill Capital Advisers LLP. IGL is an investment vehicle of the North America based limited partners (LPs) of Hornbill Orchid India Fund.
Hornbill Capital Advisers LLP (Hornbill Capital) is an India based investment advisory firm founded by Manoj Thakur in 2014. Hornbill Capital acts as an advisor to Hornbill Orchid Investment Manager Private Limited which manages Hornbill Orchid India Fund, a Mauritius based hedge fund that invests in India as a Foreign Portfolio Investor.
Nazara Technologies is the first Indian gaming technology company to seek a market debut. Representational image 
New Delhi: Gaming and sports media company Nazara Technologies has raised Rs 100 crore from a Mauritius-based hedge fund. Instant Growth Ltd (IGL), an investment vehicle of the North America-based limited partners (LPs) of Hornbill Orchid India Fund, has made this investment.
“We are glad that they (Hornbill) share our conviction and excitement on the future of the gaming sector in India and the value creation potential which gaming offers to the investors,” the
Economic Times quoted Manish Agarwal, CEO of Nazara as saying.