Nazara To Acquire 15.9% Stake In STAN to Bolster B2C Gaming Landscape
B2C Power Move: Nazara Acquires Stake in STAN
Listed gaming major Nazara Technologies is acquiring a 15.86% stake in gaming community platform GetStan Technologies Pte. Ltd (STAN) for INR 18.4 Cr (around $2.2 Mn). This shares purchase agreement was signed via Nazara's wholly owned subsidiary Nazara Dubai FZ through a secondary transaction from co-founders Akshat Rathee and Gautam Singh Virk.
Strengthening Community Engagement
Both Rathee and Virk hold key positions in Nazara subsidiaries, including Nodwin Gaming, enhancing the **strategic synergy** of this acquisition. Founded in 2015, STAN is a crucial gaming community platform in India, with over 12 Mn users enriching the gamer experience through meaningful interactions and support for content creators.
Financial Performance
- STAN's turnover surged to $1.8 Mn (INR 15 Cr) in FY24, doubling from $0.9 Mn (INR 1 Cr) in FY23.
- Despite this growth, STAN reported an EBITDA loss of $0.9 Mn (INR 7.6 Cr) in FY24, improving from a $1.2 Mn (INR 10.3 Cr) loss in the previous fiscal year.
This acquisition is part of Nazara's **ongoing strategy** to expand through acquisitions, having recently made moves to enhance its portfolio with companies like Smaaash Entertainment and Fusebox Games.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.