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Nazara Technologies invests Rs 196 Cr to boost gaming, entertainment growth

YourStory LogoYourStory2d ago

Nazara Technologies invests Rs 196 Cr to boost gaming, entertainment growth - YourStory

Quick Summary:

This development follows Nazara Technologies’ completion of an Rs 855 crore fundraise through preferential share allotment just a week ago.

The new investments include Funky Monkeys, a provider of indoor soft play centers for children, and Learntube.ai, an AI-powered education platform offering 1:1 interactive and gamified learning.

Revenue from operations grew by 7.3% year-over-year, reaching Rs 318.94 crore.This was driven by a 9.3% increase in gaming revenue to Rs 114.05 crore and a 5.7% rise in esports revenue to Rs 181.76 crore.


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Article Details

Author / Journalist: Ishan Patra

Category: StartupsEconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-02 @ 14:10:46 (2 days ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 410 words

Reading Time: 3 minutes read

Sentences: 21 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © YourStory

News ID: 24042883

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About YourStory

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Main Topics: StartupsEconomyBusiness

Official Website: yourstory.com

Update Frequency: 8 posts per day

Year Established: 2008

Headquarters: India

News Last Updated: 9 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #44

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The story "Nazara Technologies invests Rs 196 Cr to boost gaming, entertainment growth" was covered 2 days ago by YourStory, a news publisher based in India.

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