Mint – Gaming firm Nazara raises ₹100 crore from investors

Nazara is one of the leading gaming companies in India with stakes in mobile gaming, eSports and sports media. In the last five years, the company has invested over ₹300 crore in Indian gaming ecosystem

NEW DELHI: After filing for an initial public offer (IPO) last month, Mumbai-based gaming startup Nazara Technologies Ltd has raised fresh funding of Rs100 crore from Instant Growth Limited (IGL), the investment vehicle of North America-based limited partners (LPs) of Hornbill Orchid India Fund.

This is the second big investment in an Indian gaming startup this month. Last week, Mobile Premier League (MPL) had raised funds of $95 million (about Rs692 crore).

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