16+ CR GTD
Header banner - Nostra Poker
Pokersaint - Lead
WestBridge Exits Nazara Technologies With Sales Consideration Of INR 1,000 Crores Business

WestBridge Exits Nazara Technologies With Sales Consideration Of INR 1,000 Crores

by Manthra Koliyer Posted on 07 Jan, 2021

WestBridge Capital has exited from Nazara Technologies Ltd by selling their shares worth INR 500 crore to Plutus Wealth Management Lld and its associates. WestBridge Ventures had invested a cumulative amount of INR 22.6 crore in gaming company Nazara. As per news reports, WestBridge ventures one of Nazara’s early investors has obtained sales consideration of approximately INR 1000 crores.

Sandeep Singhal, co-founder, WestBridge Capital said, “We backed Nazara Technologies founder Nitish Mittersain since a very early stage. Since those early stages in 2005, the brand became a market leader and generated a considerable shareholder value.”

Nazara Technologies Ltd is an Indian sports media and gaming company that also owns other famous mobile gaming titles World Cricket Championship (WCC), Kiddopia, Carrom Clash, Sportskeeda, HalaPlay, Qunami, and Nodwin Gaming. For the last five years, Nazara has made investments worth INR 300 Crore in the Indian gaming industry.

Other marquee investors of Nazara include Rakesh Jhunjhunwala and IIFL Special Opportunities Fund. In November 2017, IIFL invested INR 327 Crore and Jhunjhunwala invested INR 182 Cr in December 2017.

Nazara has now partnered with Plutus Wealth Management Ltd and Mittersain, founder of Nazara said, “We are highly excited as Plutus will be our long-term investor. I am glad that we are able to create utility for all of our stakeholders and our investors. I am happy that we were able to fulfill great merit worth to WestBridge, the firm that backed us since the year 2005.”

Talking about the association, the managing partner at Plutus Wealth, Arpit Khandelwal mentioned, “In the coming future, a decade or so, gaming will be one of the prominent forms of entertainment. Gaming company Nazara is well-positioned to grip onto the vast opportunity that is available during this period. We are highly excited to start our deep-rooted journey with their vision and goal.”

To read more such articles, keep reading GutshotMagazine.com. Follow us on Facebook, Instagram, and Telegram.

Grab Pocket52's Extra 30% Deposit Bonus Now!

More News

Gutshot’s Dec E-Mag Is Out Now And It’s FREE To Read
18 Dec,2020 

Gutshot’s Dec E-Mag Is Out Now And It’s FREE To...

WHAT WOMEN WEAR: Decoding the sartorial choices of our women pros
6 Jan,2021 

WHAT WOMEN WEAR: Decoding the sartorial choices...

Best Royal Flushes at the Poker Table
6 Jan,2021 

Best Royal Flushes at the Poker Table


Leave a Reply

Your email address will not be published. Required fields are marked *

Dangal box

Top 10 Poker Rooms

  • Pocket52

    Up to 300% bonus for first-time depositors
    Offer: "GUTSHOT52" - 10% Instant + 190% Locked + Free Ticket worth Rs.110 Register

  • 9stacks

    Instant withdrawal; 100% locked bonus on first deposit
    Offer: "9GUTSHOT" Register

  • PokerSaint

    60-seconds withdrawal; 100% locked bonus on first deposit
    Offer: "GUT100" Register

  • Poker Dangal
    Poker Dangal

    INR 500 Free on sign-up; (425 Locked, 75 Instant)
    Offer: 150% on first deposit up to INR 5,000 Register

  • Spartan Poker
    Spartan Poker

    Sign-up with "GUTSHOT"
    Offer: "GUT300X" to get 300% on your deposit Register

  • Poker Tempo
    Poker Tempo

    Rs. 50 Instant Bonus, Rs. 50 Locked Bonus, No code required!
    Offer: 1 Ticket to 5000 GTD FREEROLL every Monday @ 7PM Register

  • Calling Station
    Calling Station

    Instant withdrawal; Use “RELOAD20” on deposits for 20% locked bonus
    Offer: "GUTSHT" Register

  • Natural8

    Sign-up code "GUTSHOT"
    Offer: 200% bonus up to $1,000 or $100 in instant rewards Register

  • Nostra Pro
    Nostra Pro

    INR 100 Free on sign-up (For Fantasy Sports); easy deposits and withdrawals
    Offer: "GUTSHOT" Register


    Sign-up with "GSBLZ"
    Offer: Make your 1st Deposit of INR 200 & GET 1000 in return! Register

Pokersaint box banner

Want to share your thoughts about poker?

Then click the button to submit your article.

Facebook + Follow

Instagram + Follow

Gutshot Chosen One

Gutshot Chosen One