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Funding · Consumer Internet & Media

Nazara raised ₹474 Cr through a preferential issue of warrants

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Date
Company
Nazara Technologies
What it does
gaming company
Kind
Funding
Amount
₹474 Cr
Stage
warrant-issue
Sector
Consumer Internet & Media

What they do

Nazara is a gaming company that develops and publishes games globally

What happened

The company raised ₹474 Cr by issuing 1.82 crore warrants at ₹260 each to investors including Fidelis Global, S Gupta Family Enterprises, and Founders…

Why it matters

The funds will be used for strategic acquisitions like Bluetile Games and BestPlay Systems, and to grow existing business lines

The details

  • Nazara's board approved the allotment of 1.82 crore warrants through a preferential issue at ₹260 each, raising over ₹474 Cr from investors.
  • The investors include Fidelis Global (Riambel Capital PCC-RCC1), S Gupta Family Enterprises, promoter Plutus Investments, and Founders Collective Fund.
  • Fidelis Global received the highest number of shares at 94.85 lakh, while S Gupta Family got 40 lakh shares and the promoter entity received 38.46 lakh shares.
  • Founders Collective Fund was allotted 9 lakh shares, and the company received ₹118.5 Cr upfront as the initial 25% subscription amount.
  • One proposed allottee became ineligible, reducing the total number of warrants by 10 lakh.

The bigger picture

  • The funding will be used to support strategic acquisitions, including the recently announced Bluetile and BestPlay transactions.
  • Nazara also plans to grant a loan of ₹4 Cr to its subsidiary Smaash Entertainment.
  • The company previously acquired Smaash Entertainment for ₹125 Cr in June 2025.
  • Smaash Entertainment had been under insolvency proceedings since May 2022 due to unpaid debts to creditors like Edelweiss ARC and Yes Bank.
  • Nazara returned to profit in Q3 FY26 with a net profit of ₹8.8 Cr, recovering from a loss in the previous quarter.

About the business

  • Nazara is a gaming company that develops and publishes games globally.
  • It has acquired stakes in Spanish casual gaming studio Bluetile Games and player engagement platform BestPlay Systems.
  • Nazara aims to build a scalable platform for AI-enabled game development, distribution, and publishing.
  • The company's subsidiary Smaash Entertainment was acquired for ₹125 Cr in June 2025.

What happens next

  • Nazara plans to use the funds for strategic acquisitions and to grow its existing business lines.
  • The company also intends to grant a loan of ₹4 Cr to its subsidiary Smaash Entertainment.

The deal

Type
preferential issue

Investors

  • Fidelis Global (Riambel Capital PCC-RCC1) (investor) — A private equity firm focused on technology and consumer sectors.
  • S Gupta Family Enterprises (investor) — A family-owned investment firm with interests in various sectors.
  • Plutus Investments (promoter) — The promoter entity of Nazara.
  • Founders Collective Fund (investor) — A venture capital fund founded by Peter Thiel.

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