Nazara acquires Paper Boat Apps via an additional Rs 300 Cr investment

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Nazara acquires Paper Boat Apps via an additional Rs 300 Cr investment - YourStory

Quick Summary:

The gaming and e-sports company acquired an additional 48.42% stake in Paper Boat Apps from its promoters Anupam and Anshu Dhanuka.

Nazara aims to target growth and expansion of the Kiddopia franchise through IP licensing and integration as well global market expansion and additional revenue streams including merchandising, video, and advertising revenues.

It had previously held a 50.91% stake in the game-based educational delivery platform which it acquired in 2019.