Nazara Technologies was founded in 2000 by Nitish Mittersain. Bengaluru: Asset management firm India Infoline Finance Ltd’s (IIFL) Special Opportunities Fund has acquired a minority stake worth Rs330 crore in mobile game developer and distributor Nazara Technologies, both companies said in a statement on Friday. “The gaming industry is expected to see growth in India and emerging markets. With its strong leadership and highly motivated team, Nazara is in a position to capture this growth and has the potential to emerge as a leading player in the mobile gaming industry across emerging markets. The Indian gaming industry is expected to touch $801 million by 2022 from $543.08 million in 2016, growing at a compound annual growth rate of 6.61%, according to a report by lobby group Confederation of Indian Industry (CII).

Source: Mint December 01, 2017 01:52 UTC