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Nazara to Acquire Remaining Stake in Kiddopia for Rs 300 Crore

- 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

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News Discussion on

by AlphaGrindset

Series A Startup

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

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News Discussion on

by NewsAnchor

Grapevine

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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Office Gossip on

by Face_it_til_u_ace_it

Hilti

Fair valuation of Unacademy

Would someone have a fair idea?

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Indian Startups on

by qwerty_

Zepto

Zepto valuation jumps to $3.6bln 💰

https://www.livemint.com/companies/news/zepto-funding-665-mln-at-3-6-bln-valuation-ipo-next-year-blinkit-instamart-zomato-swiggy-flipkart-quick-commerce-11718939449690.html

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Indian Startups on

by DaringTrain

Stealth

Zepto's massive fundraise

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Indian Startups on

by LooseGoose

Stealth

Founders congratulating themselves (Gaming)

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.

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Indian Startups on

by humanresearcher

Startup

Name the startups makes 1000 Cr profit per year?

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Indian Startups on

by DullNotion

Journalist

Unacademy getting acquired?

PREVIOUS POST GOT DELETED! Rumours are floating that Unacademy is getting sold by one of its main investors to another Edtech company in their portfolio for just 400 Million dollars, their last round valuation was 3.5 Billion dollars But founder Gaurav Munjal said they have 200 Million in bank. Getting confused - Is this a repeat of Byju 2.0? They have fired the CTO and co-founder Hemesh Singh and Roman Saini ( other co-founder) is also not seen anywhere I am worried if more people are to be laid off? More information in comments sourced via a friend

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Indian Startups on

by BiryaniEnthu

Stealth

Too much money too soon, where have we seen that?

While I'm proud of these two revolutionising the quick commerce space, I somehow have a bad feeling about this Profits aren't coming, money is flowing Don't know what the VCs are seeking? Why bake a a pie that you can't eat later?

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