Nazara Technologies has raised ₹495 crore led by Axana Estates, whose designated partners include Arpit Khandelwal, Founder & Managing Partner of Plutus Wealth Management and Mithun Sacheti, Founder of Caratlane.
Axana Estates will infuse ₹495 crores into the Company to acquire ~5.40% stake through a preferential issue of equity shares at a price of ₹990 per share.
Moreover, Plutus Wealth Management LLP and Axana Estates LLP, in collaboration with Persons Acting in Concert (PACs), have announced plans to launch a public open offer to acquire an additional 26% stake in Nazara Technologies.
This partnership brings together complementary expertise and resources, creating a powerful alliance enabling Nazara to access new markets, leverage cutting-edge technologies, and enhance operational efficiencies.
The investment will be directed toward accelerating organic growth, strategic acquisitions, and expansion into new markets.
Nitish Mittersain, Jt. Managing Director and CEO of Nazara Technologies, said, “Nazara is set for global growth, and we are excited to partner with Arpit & Mithun, who share our vision. Their belief in our potential and expertise will help us scale new heights, positioning Nazara as a unique global gaming company from India.”
Arpit Khandelwal, Founder & Managing Partner of Plutus Wealth Management LLP, said, “We are excited to deepen our investment in Nazara, a company with a proven track record of capitalizing on global gaming trends. This consolidation of ownership will provide growth capital and bring strategic expertise to support Nazara, its promoters & team in the journey of becoming a world leading gaming and entertainment brand.”
Mithun Sacheti, Designated Partner of Axana Estates LLP & Founder of Caratlane said, “Gaming is the new consumer play, blending entertainment, technology, and community to create unmatched engagement. It has become a powerful platform to connect with audiences and shape consumer behaviour in real-time. We are thrilled to partner with Nazara to unlock its immense potential and drive global growth and look forward to unlocking the Company’s full potential in collaboration with its exceptional management team.”
In addition to this strategic partnership, Nazara has acquired two game IPs ‘CATS: Crash Arena’ and ‘King of Thieves’ from Barcelona-based game developer and publisher ZeptoLab for $7.7 million (~₹67 crore).
Through this acquisition, Nazara will own the game IPs and will also publish the games under the “Nazara Publishing” banner further strengthening its position in the global mobile gaming market.
