Big Bull-backed Nazara Technologies becomes India's first gaming company to file for IPO Nazara Technologies, a Mumbai-based diversified gaming company backed by Rakesh Jhunjhunwala, has filed for an IPO for the second time after a failed attempt in 2018. 0 claps Nazara Technologies, backed by billionaire-investor Rakesh Jhunjhunwala (who's known as the 'Big Bull of Dalal Street') has filed for an IPO. This is the Mumbai-based gaming company's second attempt to go public after failing to launch the issue in 2018 despite getting approvals from market regulator SEBI. Nazara, which has diversified interests in esports, cricket simulation games, quiz and trivia apps, skill-based fantasy gaming, and gamified learning, is India's first gaming startup to file a Draft Red Herring Prospectus (DRHP) with the SEBI.