Indian gaming and sports actions media company Nazara Applied sciences has re-filed the Draft Crimson Herring Prospectus with the Securities and Exchange Board of India (SEBI) as the principle step in direction of its market debut.
Nazara holds the license cell gaming rights of standard sketch characters esteem Chhota Bheem, Motu Patlu and Shikari Shambhu. It has also established itself in 64 countries all the intention via Africa, Middle East, South East Asia, and the Indian subcontinent.
The general public effort will survey a sale of 4.96 million equity shares by Nazara’s promoters and investors.
This year, Nazara’s IPO debut would possibly maybe maybe kick off a series of tech IPOs in the nation as startups esteem Zomato, Nykaa, Delhivery are headed for the final public markets.
The Rakesh Jhunjhunwala-backed Nazara had first filed the DRHP in January 2018 and had even obtained approval from SEBI for an IPO (Initial Public Offering). Nonetheless it completely didn’t trip forward with the beginning thanks to a market bound.
The company has been preparing for its market debut with acquisitions and funding in its kitty.
Commercial
Strengthening its capital inappropriate
Nazara counts inventory broking huge Rakesh Jhunjhunwala, IIFL Asset Management, Sequoia Capital, Plutus Wealth Management as its investors.
Earlier in January 2021, WestBridge Ventures, an early investor in Nazara, had exited the company via a secondary transaction as Plutus pumped in ₹500 crore into the company. Consistent with reports, the exit gave WestBridge 40 times the return on its investment.
Nazara’s stakeholders
| Promoter | Stake |
| Mitter Infotech | 20.57% |
| Arpit Khandelwal | 12.51% |
| Rakesh Jhunjhunwala | 11.38% |
| Plutus Wealth Management LLP | 6.91% |
| IIFL Special Alternatives Fund | 6.04% |
| IIFL Special Alternatives Fund - Sequence 4 | 4.94% |
| IIFL Special Alternatives Fund - Sequence 5 | 4.16% |
| IIFL Special Alternatives Fund - Sequence 2 | 3.89% |
| Nitish Mittersain | 3.49% |
| Emerging Funding Ltd | 1.90% |
| IIFL Special Alternatives Fund - Sequence 3 | 1.87% |
| Riyaz Suterwalla | 1.73% |
| Turtle Leisure | 1.68% |
| Manish Agarwal | 1.51% |
| Seedfund2 World | 1.27% |
| Anshu Dhanuka | 1.02% |
Source: Moneycontrol
Nazara went on an acquisition spree
Nazara reinforced its offerings by occurring an acquisition power. It has pumped in over $50 million in startups in the final two years.
In actual fact, its acquisition spree even obtained it a ‘subsequent Tencent’ reference in a news notify.
A pair of of Nazara’s high acquisitions
| Startup | Sector | Funding |
| Paper Boat Apps | Mumbai-primarily based entirely indie studio | ₹83.5 crore |
| Sports actions Solidarity | Creator of multiplayer quiz known as Qunami | ₹7.5 crore |
| Sportskeeda | Sports actions media platform | ₹44 crore |
| Bakbuck | Native languages gaming platform | Undisclosed |
| Halaplay | Delusion gaming platform | ₹40 crore |
In November 2019, Nazara applied sciences acknowledged that it plans to invest $20 million in startups subsequent year. This announcement used to be after in the identical year, Nazara had already obtained five companies.
“ the explosive sing in the interactive entertainment and sports actions ecosystem, Nazara has determined to up its aggression on investing in the rising market ecosystem and make stronger early stage startups accelerating the sing of these companies and the industry at honest,” Nazara Applied sciences CEO, Manish Agarwal had acknowledged then.
