Nazara Technologies Limited, a prominent gaming, esports, and sports media company, has made a significant strategic investment in STAN, a popular gaming community platform in India.
This move reinforces Nazara’s dedication to cultivating a dynamic and engaging gaming ecosystem within the country.
Nazara Dubai FZ, a wholly-owned subsidiary of Nazara Technologies, acquired a 15.86% stake in GetStan Technologies Pte. Ltd (STAN) through an all-cash secondary transaction valued at approximately INR 18.4 crores (US$2.2 million).
STAN, a mobile-first gaming community platform, has garnered substantial traction among Indian gamers due to its emphasis on community engagement and content creation.
Nitish Mittersain, Founder and CEO of Nazara Technologies, expressed his enthusiasm for the investment, stating, “Nazara’s investment in STAN strengthens our position in the rapidly growing gaming and esports landscape. 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. This acquisition allows us to expand our reach while empowering content creators and fostering a stronger gaming community.
Parth Chadha, CEO of STAN, 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.”
This strategic investment will enable Nazara to expand its reach, empower content creators, and foster a stronger gaming community. It will also provide Nazara with valuable insights into the preferences and behaviours of Indian gamers.
With this acquisition, Nazara Technologies is further solidifying its position as a key player in the Indian gaming and esports industry. The company is well-positioned to capitalise on the sector’s rapid growth and drive innovation in the gaming space.
Nazara Technologies is a leading Indian gaming and sports media company. Known for its diverse portfolio of games, Nazara caters to a wide range of audiences, from casual gamers to esports enthusiasts. The company has a strong focus on the mobile gaming market and has developed several successful games, both internally and through strategic acquisitions. Nazara’s commitment to innovation and quality has solidified its position as a key player in the Indian gaming industry.
STAN is a leading gaming community platform in India, providing a vibrant space for gamers to connect, interact, and share their passion for gaming. With a large and engaged user base, STAN offers a variety of features such as in-game chat, tournaments, and content creation tools, fostering a strong sense of community among gamers across the country.
