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Nazara to invest $7.5m in its subsidiary for expansion
Nazara Technologies will invest 64 crore rupees (around US$7.5 million) into its subsidiary Nodwin Gaming International to support growth and global expansion.
The investment, in the form of convertible preferred stock, makes Nazara the first investor in Nodwin’s upcoming financing round.
The capital will help Nodwin expand its capabilities, grow its IP portfolio, and strengthen its presence in emerging markets.
Nodwin Gaming was established in 2014, focusing on esports and youth entertainment.
Recent Nazara Technologies developments
| Timeline |
|---|
01-Dec-2024 🎮 Nazara’s subsidiary acquires gaming content firm for $2.8m
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30-Nov-2024 🎮 India’s Nazara raises $101m via preferential issue
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19-Sep-2024 🎮 India’s Nazara to raise over $100m in its largest fundraise so far
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13-Sep-2024 🎮 Nazara acquires 47.7% of Indian gaming firm for $99m
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13-Mar-2024 🎮 Indian gaming giant Nazara earmarks $100m for global expansion
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07-Sep-2023 🎮 Indian gaming giant Nazara Technologies raises $49m
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