Nazara Technologies raised Rs100 Cr through Hornbill Capital
Gaming company Nazara Technologies raised Rs 100 Cr as an investment from Instant Growth Limited (IGL), which is advised by Hornbill Capital Advisers LLP.
Commenting on the recent investment made through Hornbill Capital Advisers LLP, Manish Agarwal, CEO, Nazara said in a press statement, "We welcome Hornbill Capital’s entry into the Indian gaming ecosystem with their investment in Nazara. We are glad that they share our conviction and excitement on the future of the gaming sector in India and the value creation potential which gaming offers to the investors.
The gaming company states it has invested over Rs300 Cr in the past five years in the gaming startup ecosystem. It has also acquired majority stake in Nodwin Gaming, Next Wave Multimedia, which operates World Cricket Championship (WCC), the mobile-based cricket simulation game, in addition to investment in Absolute Sports Private Limited, which operates Sportskeeda and Paper Boat Apps Private Limited - gamified early learning subscription app.