Nazara Technologies Seeks Acquisitions to Strengthen Gaming and Sports Presence
Indian mobile gaming company, Nazara Technologies, is looking to make several acquisitions in order to enhance its presence in core gaming, eSports, and ad tech. The Mumbai-based firm is focused on acquiring profitable companies with significant growth potential, according to Nitish Mittersain, the Joint Managing Director and CEO of Nazara Technologies. The aim is to replicate the success of previous acquisitions by considering companies with a minimum revenue of ₹100 crore that are already profitable.
Nitish Mittersain Details Acquisition Plan for Nazara Technologies
Nitish Mittersain, the CEO of Nazara Technologies, has outlined the company’s acquisition plan, stating that they anticipate closing one or two deals in the first quarter of the financial year 2025. Mittersain highlighted the success of previous acquisitions in accelerating growth and expressed a desire to replicate this success with the new acquisitions. Nazara Technologies has built a pipeline of opportunities over the past year and plans to direct the raised funds towards new mergers and acquisitions.
Kofluence: A Key Acquisition for Nazara Technologies’ Game Discovery Platform
One significant acquisition that has been discussed by Mittersain is Kofluence, a leading platform with 600,000 influencers. Nazara Technologies envisions collaborating with Kofluence to create an outstanding game discovery platform that will be promoted through social channels. This collaboration aligns with Nazara Publishing, a recently launched venture by Nazara Technologies. By partnering with Kofluence, Nazara Technologies aims to enhance its game discovery capabilities and reach a wider audience.
Capital Infusion to Fuel Nazara Technologies’ Growth and M&A Strategy
Nazara Technologies is a profitable and cash-flow-generating business, and the raised funds will primarily be used for new mergers and acquisitions. The company has built a pipeline of opportunities over the past year and is diligently working on them. The capital infusion of ₹250 crore will help fuel Nazara Technologies’ faster growth in the coming years, according to Mittersain. This financial strength positions the company strategically for future expansion and endeavors.
Nazara Technologies to Bolster Cash Reserves for Future Expansion
The ₹250 crore capital infusion will bolster Nazara Technologies’ cash reserves, bringing the total to approximately ₹1,500 to ₹1,600 crore. This strong financial position will enable the company to pursue future expansion opportunities and fuel its growth. Nazara Technologies is actively seeking acquisitions in the core gaming, eSports, and ad tech sectors to strengthen its presence in the industry. With its profitable business model and significant cash reserves, Nazara Technologies is well-positioned for future endeavors and growth.
Analyst comment
Positive news: Nazara Technologies is seeking acquisitions to strengthen its presence in gaming and sports. They are specifically looking for profitable companies with significant growth potential. The CEO plans to close one or two deals in the first quarter of 2025 and has already identified opportunities. The company’s strong financial position and cash reserves will fuel its growth and expansion in the future. As an analyst, I expect the market to respond positively to this news as it shows Nazara’s commitment to growth and its ability to make strategic acquisitions.
