Nazara Numbers
Nazara’s annual revenue rises 13% to $190m despite India’s Gaming Act and $95m impairment
"Nazara today operates at a materially different scale than it did 12 months ago"
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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Next Generation
India’s LVL Zero incubator unveils first cohort of 10 games startups
Each startup receives an equity-free grant of $10,000 as well as mentorship and publisher access
Fund Raise
Nazara raises over $50m to fund acquisitions and AI-led expansion
The new capital will be used to build AI-enabled gaming businesses designed for international markets and support recent acquisitions
Acqusitions
Nazara to acquire a 50% controlling stake in Bluetile and BestPlay in $100m deal
The company has an option to acquire the remaining stake by 2028
Incubator
LVL Zero opens applications for inaugural gaming-focused incubator in India
Ten selected teams will each receive a $10,000 equity-free grant, creating a $100,000 funding pool
Privacy Policy
Stricter data collection rules mark a "defining moment" for India's games industry
The updated Digital Personal Data Protection Act requires greater transparency and data protection
Accelerator Program
Nazara teams up with Mixi and ChimeraVC to launch India-focused LVL Zero accelerator
Each startup will receive a $10,000 equity-free grant and access to global mentors, tools, and growth platforms
Best Of 2025
The Top 50 Mobile Game Makers of 2025
The mobile movers and shakers of the last 12 months revealed!
Adaptations
Fusebox Games secures global rights to develop The Traitors: Interactive Game for mobile
The Traitors: Interactive Game will launch in 2026 on iOS and Android
New Offerings
Nazara brings popular PC title Bodycam to Fortnite
The launch will feature two new modes, including Gun Game and Team Deathmatch
Podcast | Episode 65
Gamescom insights and India's shock real-money gaming ban | Week in Mobile Games podcast
The PocketGamer.biz podcast team give you the state of play every week. Here's where to get it and what's inside this week's episode 65...
Week In Views
Real-money ban hits India's growth, Destiny lands on mobile and Uma Musume shines overseas | Week in Views
The Pocketgamer.biz team pick their highlights from the headlines this week and deliver the stories behind the stories
Industry Outlook
India launches Game Publishers and Developers Association to drive its gaming and esports ambitions
Backed by the Online Gaming Bill, IGPDA champions Made-in-India IP, skills development, and game production
Seismic Shift
India's games companies scramble as real-money ban wipes billions off market
The legislation has seen companies and investors lose hundreds of millions of dollars from a previously fast-rising industry
Jobs Roundup
August 2025’s Movers and Shakers: Playtika promotions, Appcharge's senior hire, SayGames' new head of PR, and more
Our regular roundup of the mobile games industry's movers and shakers
Podcast | Episode 62
Apple's regulatory wins and 2025's top genres | Week in Mobile Games podcast
The PocketGamer.biz podcast team give you the state of play every week. Here's where to get it and what's inside this week's episode 62...
Hot Five
Hot Five: Soolra’s iPhone controller case, Netflix’s gaming investment plans, and EU reportedly likely to greenlight App Store changes
Our quick-fix roundup of the hottest stories on PocketGamer.biz
Week In Views
Why acquisitions fail, Netflix Games' investment plans, and the big H1 2025 genre analysis | Week in Views
The Pocketgamer.biz team pick their highlights from the headlines this week and deliver the stories behind the stories
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
Pgc Barcelona
Who’s backing the big event? Meet the Pocket Gamer Connects Barcelona 2025 sponsors
Meet the leading companies that make our debut into Barcelona on June 3rd and 4th possible
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”
Best Of 2024
The Top 50 Mobile Game Makers of 2024
The mobile movers and shakers of the last 12 months revealed!
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
Podcast | Episode 24
The mobile games market grows again, and Turkey bans Roblox | Week in Mobile Games podcast
The PocketGamer.biz podcast team give you the state of play every week. Here's where to get it and and what's inside this week's episode 24...
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!
The Pocketgamer.biz team pick their highlights from the headlines this week and deliver the stories behind the stories