Nazara founders sold 40% of their holding in the company 😮

- Nazara Technologies announced its plan to acquire the remaining 48.42% stake in Kiddopia from founders Anupam and Anshu Dhanuka for Rs 300 crore. - This acquisition will mark one of the largest exits for founders in the gaming space in recent years, valuing Kiddopia at Rs 620 crore. - The payment will be made in three tranches, with the largest amount of Rs 225 crore already approved by shareholders. - Despite flat revenues, Kiddopia remains significant for Nazara, contributing close to 20% of revenue and over 50% of profit in FY24. - Kiddopia is a subscription-based app for children aged 2-7, with most of its income coming from the US. Source: The Arc

- 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/)

Rs. 5 crore/150,000 gamers = 333 rupees per gamer 😂 Most gamers would have actually earned less than that even because their clan members apparently earned 3k USD on average. Which means 70-80% money gone to a few people and rest earning nothing in the name of web3 games. I don't know why Nazara is a profitable company, all the games they work on are shit. Indigg is even more of a shit show destined to die.

Basis recent news article and interview of the founder, the company is in talks for external funding. Has the founder money run out, he is also talking about ipo in 2 years.

All Zomato employees including me and 3 more close friends dumped all our shares we got and bought after recent price hike.

😮‍💨😔

I think in this bear market, to be able to raise like this, says something about how much investors believe in them & the model https://thearcweb.com/article/zepto-quick-commerce-aadit-palicha-blinkit-swiggy-flipkart-if07YMNjRHiOjmFA

Heard on Twitter that social media app ShareChat is going BUST. - At ~$42m revenue, it's valued at 120x rev - ~95m DAU in rural India - Founders cashed out $10m in secondaries. Is this true?