Nazara Technologies Limited, through its wholly owned subsidiary Nazara Dubai FZ, announced the acquisition of a 15.86% stake in GetStan Technologies Pte. Ltd (STAN), an esports community platform in India. Nazara will acquire the stake for approximately Rs 18.4 crore in an all-cash secondary transaction.
“Nazara’s investment in STAN strengthens our position in the rapidly growing gaming and esports landscape. This acquisition allows us to expand our reach while empowering content creators and fostering a stronger gaming community,” Nitish Mittersain, founder and CEO, Nazara Technologies, said. STAN’s mobile-first approach and focus on community engagement align perfectly with our vision to become a leading player in the global esports ecosystem, he added.
“Nazara’s investment will be a major boost for STAN, fast-tracking our journey to redefine gaming and esports communities and help us achieve our vision,” Parth Chadha, CEO, STAN, said.
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