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Nazara Technologies plans to launch up to 20 games across mobile, web3, VR and PC over the next 18 months, with a minimum investment of Rs 1 crore per game.
“Depending on the momentum and the opportunities that we get the amount of investments can be significant. We really do believe that it is a huge opportunity in this publishing initiative going forward and both Indian developers as well as global developers can benefit from it. Also, with Nikhil Kamath coming in, I hope that we will learn a lot from their success story and how they have approached business.”
At a time when gaming companies are grappling with financial challenges and layoffs, Nazara is making headlines for raising capital
A big focus area for Nazara Technologies is growing its portfolio of gaming IPs through acquisitions in the future.
Nazara Technologies’ board has approved the issue of shares worth INR 100 Cr from firms managed by Zerodha founders