In a surprising move, Sudhir Kamath, the Chief Operating Officer (COO) of gaming giant Nazara Technologies, has announced his resignation. Kamath will step down effective April 1, 2025, citing a desire to relocate to Delhi and spend more time with his family. His decision comes after two-and-a-half years of leading the company during a transformative period. As Nazara continues its efforts to…
Mumbai-based gaming giant Nazara Technologies has made a strategic move by selling its 94.85% stake in OpenPlay Technologies, which runs the popular Rummy platform, Classic Rummy, to Moonshine Technology. This move comes as part of Nazara’s broader strategy to optimize its gaming portfolio and focus on high-growth areas. The transaction is valued at a significant Rs 104.33 crore and will be…
Nazara Technologies Receives Rs 5.68 Crore GST Demand Notice: What’s Next?
Mumbai-based gaming giant, Nazara Technologies, is in the spotlight after receiving a hefty GST demand notice amounting to a total of Rs 5.68 crore. The notice was issued on January 31, 2025, and it includes the principal tax, penalties, and interest due to a delay in export proceeds. Nazara has already expressed its…
In a massive move that could redefine the global gaming landscape, Nazara Technologies, India’s only publicly-listed gaming and esports company, has raised a staggering Rs 495 crore (around $60 million) from Axana Estates LLP, a firm led by high-profile investors Arpit Khandelwal and Mithun Sacheti. This bold investment is set to help Nazara ramp up its operations and expand its global footprint…
Introduction: Nazara Expands Its Hold in the Sports Media Market
Nazara Technologies, a Mumbai-based gaming powerhouse, has just made a bold move in the sports media sector by acquiring an additional 10.26% stake in Absolute Sports. The deal, valued at Rs 72.73 crore, brings Nazara’s total stake in Absolute Sports to a dominant 81.94%.
This acquisition not only strengthens Nazara’s foothold in…
Mumbai-based Nazara Technologies, a leading player in the gaming and sports media sector, has successfully raised Rs 855 crore (about $100 million) in a funding round aimed at supporting its global expansion and acquisition strategy. This move is set to propel the company further into the competitive gaming industry, while providing the necessary resources for strategic growth and market…
Billionaire Nikhil Kamath, the co-founder of Zerodha, has partnered with Mumbai-based Nazara Technologies to invest Rs 2 crore in two promising Indian gaming startups, Norian Games and Xigma Games. This investment aims to boost the growing Indian gaming industry, supporting homegrown studios and talented developers to create games that can compete on the global stage.
Nikhil Kamath and Nazara’s…
Nazara Tech Integrates with ONDC to Revolutionize Game Monetization with ‘gCommerce’
In a groundbreaking move, Nazara Technologies, a leading gaming and esports company based in Mumbai, has teamed up with the Open Network for Digital Commerce (ONDC) to launch gCommerce, an innovative in-game monetization platform. This partnership marks a major step in bridging the worlds of gaming and…
In a groundbreaking move, Nazara Technologies has partnered with ONDC (Open Network for Digital Commerce) to launch a new in-game shopping platform aimed at revolutionizing the gaming world. This innovative platform, called gCommerce, is designed to help game developers unlock new revenue opportunities and enhance the gaming experience for players.
What is gCommerce?
The gCommerce platform is all…
In a recent development that has stirred the gaming industry, Openplay Technologies, a subsidiary of Nazara Technologies, secured interim relief from the Calcutta High Court regarding a substantial Goods and Services Tax (GST) demand. This case not only highlights the ongoing challenges faced by gaming companies but also raises questions about the regulatory landscape of online gaming in…
