Gaming Firm Nazara Technologies Raises Rs 100 Crore In Funding
Nazara has invested over Rs 300 crore in the last five years in the Indian gaming ecosystem.
PTI 09 February 2021 Unsplash outlookindia.com 2021-02-09T20:47:00+05:30
Gaming company Nazara Technologies Ltd announced on Tuesday that it has raised Rs 100 crore in funding from Instant Growth Ltd (IGL).
The firm said that it will use the funds to bolster its position in the gaming ecosystem and strengthen its gamified learning offerings.
Nazara has invested over Rs 300 crore in the last five years in the Indian gaming ecosystem.
IGL is an investment vehicle of the North America based LPs of Hornbill Orchid India Fund. IGL is advised by Hornbill Capital Advisers LLP, an India-based investment advisory firm founded by Manoj Thakur in 2014.