How Rakesh Jhunjhunwala backed Nazara Applied sciences is preparing for its broad IPO debut

  • Nazara Applied sciences is backed by Rakesh Jhunjhunwala, certainly one of India’s largest inventory market investors.
  • The gaming and sports actions media company is taking a look to affix the league of tech startups taking a look to trip public this year. These encompass Zomato, Nykaa, and Delhivery.
  • Here is the 2nd strive at a market debut. Nazara had earlier filed the DRHP in 2018 but did no longer wade via with its plans.
  • Within the final two years, Nazara has made a minimum of seven acquisitions and raised ₹500 crore in funds.

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.


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.


India's parliamentary committee summons Facebook, Twitter officers over misuse of social media platforms

Read More

Website Designed & SEO done by KV TechMedia - Web Design Company Uttar Pradesh, India
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram