• About
  • Contact
Friday, June 24, 2022
  • Login
Next Big Brand
  • .
  • News
  • Marketing
  • Tech
  • Insight
  • Interviews
  • Internet
  • Startup
  • OTT
  • Industries
  • FMCG
  • CRYPTOCURRENCY
  • Retail
No Result
View All Result
Next Big Brand

Big Bull Backed Nazara Technologies Becomes first Indian Gaming Company to File for IPO

Abdul Kadir Khan by Abdul Kadir Khan
July 25, 2021
in News
Reading Time: 2 mins read
A A
0
Nitish Mittersain: CEO and Founder of Nazara Technologies

Nitish Mittersain: CEO and Founder of Nazara Technologies

Indian online gaming industry is showing exponential growth for the last 2 years. Among different online games, Cricket is the most popular online gaming industry. Indian fans treat cricket as a religion. Cricket supported online sports company like Nazara has grown rapidly in recent time.

Nazara Technologies has become the first online Indian gaming company to apply for Initial Public Offering(IPO). The Indian gaming industry will grow 4 times by 2024. The whole eSports industry will provide employment for 40000 people in the next 3-4 years.

Nazara Gets Ready for Market

Nazara is planning its Market debut in 2021. The company got IPO approval in 2018. The company started its IPO preparation in the last month of 2020. Related to IPO final draft, Nazara conducted a high-level meeting with its stakeholders on January 19.

As per the filed papers, 4965476 equity shares of Nazara will be available for public sale. ICICI Securities and Edelweiss will handle the finance-related services of the company. Nykaa, a cosmetic retailer, online food delivery giant Zomato, Delhivery, and PolicyBazaar are also planning to start their IPOs in 2021.

Recently, Westbridge Capital, an early investor in Nazara, left the company after selling its current share of Rs 500 crore. As per the reports, Westbridge got 40x benefit from its initial investment in Nazara.

Nazara Growth and other Statistics 

Nazara Technologies is one of the largest online gaming and sports media companies in India. The company is mainly funded by Red Bull of Rakesh Jhunjhunwala. Gamer Nitish Mittersain founded Nazara in 2000. It’s a Mumbai based company.

Nazara Nodwin Gaming Investment

Nazara is known for cricket related games. It also produces the most popular children series like Motu Patlu and Chhota Bheem. Nodwin, one of the units of Nazara, is a well-known name among International gamers. It provides online gaming events worldwide with huge popularity in 60 countries.

Nazara provides gaming platforms in the form of different plans. Freemium and subscription-based plans are the most popular ones.

The company is known for its wide variety of gaming and media categories. Esports, Edutainment, infotainment, fantasy gaming, carrom are the most popular niches where Nazara is providing services.

Nazara acquired Sportskeeda in 2019. Other than Sportskeeda, Kiddopia, CaromClash, Halaplay, and Qunami are the major subsidiaries of Nazara Technologies. Halaplay is one of the emerging Esports platforms in India.

Nazara generated Rs 264 crore revenue in FY 2020. The company saw a jump of approximately 69% in 2020 compare to the Rs 183 crore revenue in FY 2019. In the financial year 2021, Nazar is planning to achieve a revenue of approximately Rs 275 crore.

Previous Post

Lava Mobiles: Planning a Strong Comeback in the Smartphone Industry

Next Post

Cure.fit Empowers its US Operations with Onyx Acquisition

Abdul Kadir Khan

Abdul Kadir Khan

Abdul Kadir Khan is a Content Writer at Next Big Brand. Hails from UP. Postgraduate in Computer Science. Content Maniac and Trainer. Love to write about startups, Brands, and Trending Tech.

Related Posts

images 9 17
Cryptocurrency

Christiano Ronaldo and Binance Announce NFT Partnership

June 24, 2022
Khaby Lame Tiktoker
Creators

Khaby Lame Becomes World’s Most Popular TikToker

June 24, 2022
Pine Labs Founder
News

Merchant Platform Pine Labs Acquires Fintech Infra Startup Setu for $70-75 Million

June 23, 2022
Ebay KO
Cryptocurrency

eBay Acquires NFT Marketplace KnownOrigin For An Undisclosed Sum

June 23, 2022
Cashify Founders
News

Cashify Raises $90 Million in Series E Round Led By NewQuest & Prosus

June 23, 2022
Uniswap founder
Cryptocurrency

Uniswap Acquires NFT Marketplace Aggregator Genie to Further its Goals

June 22, 2022
Next Post
Cure.fit CEO Mukesh Bansal

Cure.fit Empowers its US Operations with Onyx Acquisition

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

BROWSE BY TOPICS

Acquiring amazon Apple Brands brand story Byjus byjus news byjus the learning app Cryptocurrency Edtech Startups Elon Musk facebook fintech news Flipkart funding google Indian Crypto Startups Indian OTT Platforms Indian Unicorn Indian Unicorns Indian Unicorns of 2021 Netflix NFT NFT Collection NFT India Non Fungible Tokens Ola OYO Paytm Reliance Retail Startup Acquisition Startup IPO startup news india startups in india Swiggy Tiktok TikTok India Twitter Unicorns of 2022 Unicorns of India Unicorn Startups Upgrad WazirX YouTube Zomato
check more news on that pages youtube converter, filme online 2022, filme porno mature, porno amatoriale, nxnxx.org, https://xvideosxnxx.org, https://xoxporn.net

Instagram

Follow Me!

Recent News

  • Christiano Ronaldo and Binance Announce NFT Partnership
  • Khaby Lame Becomes World’s Most Popular TikToker
  • Merchant Platform Pine Labs Acquires Fintech Infra Startup Setu for $70-75 Million

Latest News

images 9 17

Christiano Ronaldo and Binance Announce NFT Partnership

June 24, 2022
Khaby Lame Tiktoker

Khaby Lame Becomes World’s Most Popular TikToker

June 24, 2022
  • About Us
  • Privacy Policy
  • Terms and Conditions
  • Disclaimer
  • DMCA Policy
  • Our Team
  • Contact Us
  • Sitemap

© 2019 NBB. All Rights Reserved.

No Result
View All Result
  • .
  • News
  • Marketing
  • Tech
  • Insight
  • Interviews
  • Internet
  • Startup
  • OTT
  • Industries
  • FMCG
  • CRYPTOCURRENCY
  • Retail

© 2019 NBB. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.