Mumbai: Nazara Technologies is taking another step towards global expansion with its recent acquisition of a 15.86% stake in (STAN), an Indian esports community platform. The deal, valued at INR 18.4 crore (US$2.2 million), was made through Nazara’s subsidiary, Nazara Dubai FZ, marking a strategic move in the fast-growing esports sector.
Nazara’s investment is part of a broader effort to enhance its global footprint, leveraging the popularity of platforms like STAN to deepen its reach in the esports and gaming community. STAN stands out for its organic growth and high user retention.
The acquisition signals Nazara’s intent to integrate more community-driven platforms as it expands internationally. By investing in a mobile-first platform that connects gamers and content creators, Nazara is positioning itself to capitalize on the booming global esports market. According to Nitish Mittersain, founder and CEO of Nazara, this move will further align the company with global trends in esports and strengthen its ability to compete internationally.
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