Nazara
Technologies
has
raised
$108m
to
bolster
the
firm’s
merger
and
acquisition
activities.
Investors
like
SBI
Mutual
Fund,
Junomoneta
Finsol,
and
Think
Investments
have
contributed
to
the
Indian
gaming
and
sports
media
firm’s
strategic
acquisition
funds,
which
Nazara
has
already
put
towards
upping
its
stake
in
Absolute
Sports
to
91%,
acquiring
an
additional
19.35%
share
for
$17.4m.
“Nazara
has
demonstrated
its
ability
to
attract
top-tier
investors
who
believe
in
our
long-term
vision
of
establishing
India’s
first
globally
respected
gaming
powerhouse,”
said
Nazara
CEO
and
co-MD
Nitish
Mittersain,
as
reported
by
PocketGamer.
“This
[$108m]
fundraise
will
be
instrumental
in
accelerating
our
growth
across
key
segments.”
Nazara
Technologies
acquired
UK
based
Fusebox
Games
for
$27.2
million
last
month.
Founded
in
2016,
Fusebox
is
a
mobile
free-to-play
studio
based
in
the
UK.
It
publishes
interactive
story
titles
including
Love
Island,
and
has
similar
games
in
development
based
on
other
global
television
IPs.