NAZARA TECHNOLOGIES BECOME MAJORITY STAKEHOLDER IN HALAPLAY

Mumbai-based Nazara Technologies has been on an expanding spree in online gaming sector. Founded by Nitish Mittersain in 2000, the global gaming and sports media company boasting of a network of more than 100 million users in the country has invested in several viable start-ups over the last 18 months, including Nodwin Gaming, Next Wave Multimedia, Sportskeeda, Mastermind Sports, Paper Boat Apps, Moonglabs Technologies, CrimzonCode, Bakbuck and InstaSportz.

Having business operations in over 64 countries, Nazara Technologies is now in the headlines for increasing its stake in HalaPlay by buying Kae Capital‘s stake for 14.6 Crores. This huge investment in HalaPlay makes the company the majority stakeholder in the leading fantasy sports platform.

“The company has now gone ahead and bought Kae Capital’s stocks in Halaplay making it the majority investors in the fantasy sports vertical,” a statement by Nazara Technologies read.

Sandip Ginodia , Director

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