Nazara Technologies Secures Major Funding to Boost Gaming Ventures

Nazara Technologies and Major Investments in Gaming

Nazara Technologies has successfully raised ₹900 crores, significantly increasing its stake in Sportskeeda. This prominent entity in the Indian gaming sector has seen investment from notable figures including Mithun Sacheti. Following this, Nazara acquired an additional stake in Absolute Sports, boosting its ownership to 91%.

Impact of Fresh Funds on Gaming Landscape

This capital influx is strategically aimed at funding further acquisitions, expanding business capabilities, and enhancing Nazara's competitive edge in the market.

Kaleidofin and Other Funding Highlights

Kaleidofin has raised $13.8 million in a funding round led by Rabo Partnerships. This investment will fuel the growth of its lending solutions and risk infrastructure, enabling the startup to effectively cater to underbanked sectors.

DailyObjects and Series B Funding Success

• DailyObjects has achieved $10 million in Series B funding.
• Investment will facilitate distribution channel expansions.
• Focus on product innovation and scaling up metrics.

Startup Highlights and Future Prospects

Meme-based dating app Schmooze captured attention by securing $4 million in a Series A funding round. This funding is pivotal for enhancing the app's AI capabilities and user engagement.

Livspace and AltiusHub's Financial Developments

Livspace reported a notable revenue growth while facing significant losses at the EBITDA level. AltiusHub has raised $2.25 million aimed at boosting its supply chain visibility solutions.

Final Updates in the Startup Ecosystem

In significant updates, Madhuri Dixit invests in Swiggy ahead of its IPO, showcasing celebrity interest in tech startups. Furthermore, Samir Kumar has been appointed as Amazon's new Country Manager in India, indicating a strategic shift in the leadership structure.