Gaming and media firm Nazara Technologies has successfully raised Rs 250 crore from existing investors, including ICICI Prudential and Zerodha co-founder Nikhil Kamath. The fundraising involved issuing over 28 lakh equity shares at Rs 872.15 per share. Entities related to Nikhil Kamath invested Rs 100 crore, while those related to ICICI Prudential contributed Rs 75 crore.
The remaining funds came from investment firms Plutus Wealth Management and Chartered Finance and Leasing Ltd. Following this investment, Kamath holds just under 5% in Nazara, while ICICI Prudential holds over 5%. Nazara also acquired a 10.77% minority stake in influencer marketing firm Kofluence Tech through a share-swap agreement.
This funding is part of the overall Rs 750 crore fundraise Nazara’s board approved in July last year. Nazara had previously raised Rs 410 crore from SBI Mutual Fund and Rs 100 crore from Nikhil Kamath. The company, known for games like Animal Jam, Kiddopia, and World Cricket Championship, aims to use the funds to further expand its game publishing arm, Nazara Publishing, which was launched in October 2023.
