India’s leading listed gaming and esports company, Nazara Technologies Limited, has invested Rs. 196 crore across four gaming ventures. As part of this strategy, the company has acquired a 60% stake in Funky Monkeys Play for Rs. 43.7 crore, marking its expansion into physical entertainment.

Additionally, Nazara has invested Rs. 4.2 crore in LearnTube.ai, an AI-powered educational platform with over 20 lakh users, aimed at enhancing gamified learning experiences.

The remaining Rs. 148 crore is allocated to strengthen its existing subsidiaries, including Rs. 64 crore in Nodwin Gaming, Rs. 69 crores in Sportskeeda, and Rs. 15 crore in Datawrkz.

“We are focused on creating a diversified global gaming and entertainment platform,” said Nitish Mittersain, CEO of Nazara.

Nazara Technologies continues to solidify its leadership in India’s esports sector with a series of strategic acquisitions, both directly and through its subsidiaries. Recently, NODWIN Gaming, backed by Nazara, acquired the gaming agency Trinity Gaming for $2.8 million.

In October, Nazara’s subsidiary Datawrkz took a major step by acquiring a 100% stake in the UK-based Space & Time. The company also made significant investments, including Rs. 982 crore in Moonshine Technology, the parent company of PokerBaazi, and acquiring stakes in several esports firms such as Stan, Fusebox Games, Kiddopia’s developer Paper Boat Apps, Ultimate Teen Patti, and DeltiasGaming.

Additionally, Nazara raised Rs. 855 crore (around $100 million) through a preferential issue last month.

In terms of financial performance, Nazara reported a modest 7.4% quarter-on-quarter growth in revenue, reaching Rs. 319 crores in Q2 FY25, while profits grew by 2.4% to Rs. 21.75 crore. As of Monday’s market, the company’s shares were trading at Rs. 1,012, giving it a total market capitalization of Rs. 7,747 crore (approximately $922 million).