Live Breaking News & Updates on Nazara Raises Rs 100 Crore

Ahead of IPO, Rakesh Jhunjhunwala-backed Nazara Tech raises Rs 100 crore in funding
The gaming platform has invested Rs 300 crore in the last five years in the Indian gaming ecosystem.
February 11, 2021 / 07:45 AM IST
Gaming firm Nazara Technologies, which is backed by ace investor Rakesh Jhunjhunwala, has raised Rs 100 crore in funding from Instant Growth Ltd (IGL).
The fund was raised just weeks after it filed its preliminary papers with markets regulator Securities and Exchanges Commission of India (Sebi) to float an initial public offering (IPO).
The funds will be used towards forging alliances and acquisitions to further bolster its position in the gaming ecosystem as well as strengthening its gamified learning offerings, Nazara Chief Executive Officer (CEO) Manish Agarwal said. ....

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