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Tag: nazara technologies (page 1 of 1)

Nazara Technologies to buy gaming firm PublishMe

India’s first gaming firm, Nazara Technologies backed by Rakesh Jhunjhunwala, is looking to buy a majority stake in PublishMe. The investment will be around Rs 20 cr for 69.82 % stake in Publishme’s parent Arrakis Tanitim Organizasyon Pazarlama. Post deal PublishMe will become a full-fledged publisher in the MENA region. PublishMe CEO Özgür Özalp will be joining the ‘Friends of Nazara’ network to work alongside other companies acquired by Nazara.

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Online gaming industry revenue hit Rs 7,700 cr

A report by FICCI-EY said that the online gaming industry registered an 18% rise in 2020 to touch Rs 7,700 cr and the number of online gamers may reach 440 mn by the end of 2022, from 360 mn in 2019. India’s gaming industry may become 10x bigger than other entertainment businesses put together in the next seven years, said CEO of Nazara Technologies, Nitish Mittersain. The International Olympic Committee, recently, has announced a global esports tournament, the Olympic Virtual Series.

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