Funding · Consumer Internet & Media

Nazara Technologies to raise ₹500 crore via warrants to fund acquisitions and growth

By Startup Enthusiast · 30 March 2026

What they do

Nazara Technologies is a gaming company that plans to raise ₹500 crore through a preferential issue of warrants

The company will issue 1.92 crore warrants at ₹260 each, convertible into equity shares within 18 months

The funds will be used to support strategic acquisitions like Bluetile and BestPlay and to scale existing business verticals

Nazara Technologies has approved a preferential issue of 1.92 crore warrants at ₹260 each to raise up to ₹500 crore.
The warrants are convertible into equity shares within 18 months and will be issued at a premium to the current market price.
Riambel Capital PCC, S Gupta Family Investments, Plutus Investment and Holding, Classic Enterprises, and Founders Collective are participating in the round.
The company plans to use the funds to support strategic acquisitions, including Bluetile Games and BestPlay Systems, and to scale its existing business verticals.
Nazara has already acquired an initial 50% stake in the two firms for around $100.3 million, with a path to full ownership.
The company will seek shareholder approval for the fundraise at an extraordinary general meeting on 30 April 2026.
Separately, Nazara approved an unsecured loan of ₹4 crore to its wholly owned subsidiary Smaaash Entertainment.

The fundraise reflects investor confidence in Nazara’s growth strategy and long-term plans.
The promoter group’s participation reinforces alignment with the company’s future goals.
The company reported a 24% decline in operating revenue to ₹406 crore in Q3 FY26 and a 36% drop in profit to ₹9 crore.

Nazara Technologies is a gaming company that operates in the global casual and social gaming segment.
The company has acquired Bluetile Games and BestPlay Systems, both based in Spain, to strengthen its international presence.
Nazara has a wholly owned subsidiary called Smaaash Entertainment, which received an unsecured loan of ₹4 crore.
The company plans to use the ₹500 crore fundraise to support strategic acquisitions and scale its business verticals.
Nazara’s operating revenue declined by 24% year-on-year to ₹406 crore in Q3 FY26, while profit dropped 36% to ₹9 crore.

Nazara Technologies will seek shareholder approval for the fundraise at an extraordinary general meeting on 30 April 2026.
The company plans to use the ₹500 crore to support strategic acquisitions and scale its existing business verticals.

Riambel Capital PCC (investor) — A venture capital firm investing in growth-stage startups.
S Gupta Family Investments (investor) — A family office with interests in various sectors.
Plutus Investment and Holding (investor) — A private equity firm focused on strategic investments.
Classic Enterprises (investor) — A diversified business group with interests in multiple industries.
Founders Collective (investor) — A venture capital firm focused on early-stage startups.