Nazara Technologies Acquires Fusebox Games for $27.2 Million
- Nazara Technologies has acquired UK-based Fusebox Games Limited for Rs 228 crore ($27.2 million) in an all-cash deal. - Fusebox, known for its interactive story game 'Love Island', reported strong financial growth in CY23 and CY24. - The acquisition aligns with Nazara's strategy to expand in developed markets like the US, UK, and Australia. - Nazara also received a letter of intent to acquire sports entertainment company Smaaash, currently in insolvency. - Earlier this year, Nazara raised Rs 250 crore ($30 million) and announced plans to invest $100 million in mergers and acquisitions over the next 24 months. Source: [Entrackr](https://entrackr.com/2024/08/nazara-acquires-uk-based-fusebox-games-for-27-2-mn/)
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Wow. $8.5Mn at Seed, that is some raise. Ex CMO of Unacademy started their gaming studio.
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https://economictimes.indiatimes.com/tech/funding/lightfury-games-secures-8-5-million-funding-from-blume-ventures-others/articleshow/109351887.cms?from=mdr