Jobs Roundup
August 2025’s Movers and Shakers: Supercell's first-ever head of new games, Monopoly Go's team grows, and more
Our regular roundup of the mobile games industry's movers and shakers
Company Profile
Nazara
Website
www.nazara.com
About
Nazara is a leading mobile entertainment company focused on the 100 million+ mobile subscriber base in India. It develops a range of branded and original mobile content that is highly relevant to the culturally diverse consumer base in the country.
Related People
Nitish Mittersain
Founder, MD
Nikhil Birla
Manager - Strategy and Alliances, Publishing
Accolades
Articles featuring Nazara
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Strategic Move
Nazara spins off Nodwin Gaming ahead of fresh funding round
The new capital raise will dilute Nazara’s stake in Nodwin to below 50%
Global Ambitions
Can India's Nazara really crack $10 billion?
CEO and joint MD Nitish Mittersain discusses the company's key acquisitions, why M&A fails, and the future of India's games market
Acqusitions
Nazara acquires Smaaash for $14.7m aiming to revamp the brand with digital IPs
“Smaaash was a bold idea once. It's time to build on that idea with sharper execution and a clearer lens,” said Nazara CEO Nitish Mittersain
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Revenue Rise
Nazara’s FY25 revenue up 43% to $190m after pivot to "high margin" games segments
The publisher’s games revenue increased by 95% year-over-year in Q4
New Game Launch
Nazara’s Fusebox Games launches Big Brother: The Game worldwide
UK developer taps game licence for reality TV show
Cross-platform Curve
Nazara acquires UK publisher Curve Games for $28.9m
The deal will see Nazara take 100% ownership of Curve from Catalis Group
New Partnerships
Winners Alliance and Nextwave partner to bring real cricketers to WCC games
Over 500 WCA-affiliated professional cricketers will be integrated
New Partnerships
Paper Boat Apps teams up with Hasbro to bring PJ Masks to Kiddopia
Collaboration will bring PJ Masks-themed games to the children's learning platform later this year
Earnings Report
Nazara reports $61.5 million revenue in Q3 FY25 as gaming segment grows 53%
Gaming growth is fuelled by Fusebox Games acquisition and strong performance from Animal Jam
Acqusitions
Nodwin Gaming acquires esports broadcaster StarLadder for $5.5 million
StarLadder will become a fully-owned subsidiary of Nodwin and will retain its brand
Best Of 2024
Isa Muhammad's top stories of 2024: Nazara's $100m M&A push, Gamathon 24, MENA's gaming boom, and China's license rebound
PocketGamer.biz MENA reporter Isa Muhammad highlights some of the top stories of 2024
M&a
Nazara subsidiary Nodwin acquires 93% stake in AFK gaming for $900,000
The acquisition makes AFK Gaming a fully-owned subsidiary of Nodwin Gaming
New Partnerships
Nazara and Lysto pen Letter of Intent to launch The Growth Protocol
New initiative designed for digital marketing and growth applications on the blockchain
Investment News
Nazara continues M&A push with Funky Monkeys and LearnTube investments
The firm has also pumped $17.74m into subsidiaries to boost ownership
Investment News
Nazara nets $100m to accelerate strategic acquisitions and expansion plans
“We have our work cut out in front of us to deploy the capital diligently to create significant shareholder values,” said CEO Nitish Mittersain
Investment News
WTFund and Nazara Technologies back Norian Games and Xigma Games with $240,000 investment
“This fund is a small step in supporting companies that have made a mark with their innovative games”
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Investment News
Nazara secures $108m to fuel further M&A
Nazara has also acquired an additional 19.35% share in Sportskeeda parent company Absolute Sports
Investment News
Nazara invests $117 million PokerBaazi parent Moonshine
India games firm picks up 47.7% stake in the company
India Games Industry
Nazara invests $2.2 million in gaming community platform STAN
Nazara secured the deal through its subsidiary Nazara Dubai FZ
New Trailer
FAU-G Domination pre-registrations go live on Android
The Dot9 Games developed title aims to meet the demand of Indian gamers who desire locally relevant content
New Partnerships
Nazara partners with government of Telangana to launch AI center of excellence
The AI Center will focus on games and digital entertainment to position the company as a leader in the AI-driven space
India Games Industry
Key Indian execs endorse PM Modi's Independence Day games business backing
Modi is also calling for the country to transition from being a games industry consumer to becoming a leading producer
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Aquisitions
Nazara acquires UK-based Fusebox Games for $27.2 million
The studio behind the popular Love Island game is now part of Nazara's M&A drive for a $10 billion valuation
Big Moves
Nazara’s $100m M&A war chest takes India’s largest games company global
CEO Nitish Mittersain on why Nazara could invest even more in deals and his ambitions of growing the company to a $10 billion valuation
Acqusitions
Nazara subsidiary Absolute Sports to acquire US games content platform Deltias Gaming
The transaction involves an all-cash payment of $900K and is expected to close within 45 days
Acqusitions
Nazara completes acquisition of Paper Boat Apps
Since acquiring a stake in PBA in 2019, children's learning app Kiddopia has grown significantly
Strategic Growth
Nazara eyes full acquisition of Kiddopia in $36m deal
The purchase could be finalised later this month
New Partnerships
Nazara and nCore partner to publish FAU-G Domination
Pre-registrations will be available on Google Play and the App Store later this year
Week That Was
Week in Views - The return of M&A, killing your darlings and Monopoly WHOA!
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Mergers & Acquisitions
Nazara Technologies commits $100 million to expand globally through M&A deals
“We are particularly focused on investing in and acquiring gaming studios globally..." said CEO Nitish Mittersain
New Partnerships
Naraza Technologies snags deals with four developers as it ramps up new publishing arm
Nazara intends to release around 20 games across mobile, web3, VR, and PC platforms over the next 12 to 18 months
Game Publishing
India's Nazara Technologies launches publishing division to support local and international developers
The company aims to launch up to 20 games across a variety of platforms over the next 18 months
Indian Increase
Nazara to expand after latest $49M investment
The Indian platform reaches $660M valuation thanks to latest investment from SBI Mutual Fund
Indian Market
Nazara CEO: Indian market playing catch up with game monetisation
Despite the growth of India’s mobile gaming sector, the country trails in effective monetisation
Best Of 2022
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Indian Investments
Nazara invests $2.5 million in Bitkraft Ventures
Aims to benefit from future partnerships, M&A, and co-investment opportunities
Three Tiers
Vodafone Idea and Nazara launch mobile games subscription service Vi Games
Over 1,200 Android and web-based games available
Insight On India
The Financial Budget brings the spotlight to India’s gaming industry
Nazara Technologies’ Manish Agarwal shares his optimism for the Indian mobile games industry following the 2022 Union Budget
Adding Adtech
Nazara acquires majority stake adtech firm Datawrkz
An initial 33%, with the option to acquire a further 22% by Q4 2023
Positive Signs
Nazara reports H1 2021 revenue growth of 30%, reaching $35 million
EBITDA increased by 700%
Growth Initiative
Nazara raises $42 million to fund growth initiatives and acquisitions
Will issue 1,429,266 equity shares
Expansion
Nazara buys a majority stake in MENA publisher Publishme
Spends $3 million for a 70% stake
Learning Fast
Nazara Technologies revenue jumps 84% in FY21 to $61 million
Indian tech giant continues growth