Nazara Technologies Limited has raised Rs. 495 crore, or almost $60 million with the infusion from Axana Estates LLP, whose designated partners include Mithun Sacheti, the creator of Caratlane, and Arpit Khandelwal, the founder and managing partner of Plutus Wealth Management LLP.

By utilizing the combined experience and assets of its new investors and current promoters, Vikash and Nitish Mittersain, this strategic alliance seeks to advance Nazara toward global gaming supremacy.

Following the investment, Axana Estates will purchase around 5.40% of Nazara, contingent on regulatory and shareholder clearance.

A public open offer to purchase a further 26 percent of Nazara Technologies Limited has also been announced by Plutus Wealth Management LLP and Axana Estates LLP in cooperation with Persons Acting in Concert (PACs).

The company's growth will be aided by the new investment through market expansion and strategic acquisitions. The $7.7 million (Rs. 67 crore) purchase of two well-known mobile game IPs, "CATS: Crash Arena" and "King of Thieves," from ZeptoLab further expands Nazara's mobile gaming portfolio.

With the games to be released under the "Nazara Publishing" name, this step strengthens Nazara's position in the global mobile gaming market.

A few months have passed since Nazara raised Rs. 855 crore, or around $100 million, through a preferred issue. In the round, Sancheti had contributed Rs. 75 crore.

Nazara Technologies reported a 7.3% year-over-year growth in revenue to Rs. 318.94 crore in the September quarter (Q2 FY25), and a 10.85% increase in profit to Rs. 21.97 crore.

Regarding the fundraise, Nitish Mittersain, Jt. CEO and Managing Director of Nazara Technologies states, "Nazara is set for global growth, and we are excited to partner with Arpit & Mithun, who share our vision. Their belief in our potential and expertise will help us scale new heights, positioning Nazara as a unique global gaming company from India.”