Nazara Technologies Secures INR 495 Cr Investment from Axana Estates LLP

January 25, 2025
Brandz Editor Team
0

Strategic Investment Strengthens Capital Base
In a significant move, Nazara Technologies, a listed gaming company, has announced that its board has approved the proposal to raise INR 495 Cr from Axana Estates LLP. The funding will be raised through a preferential allotment of shares, allowing Axana Estates to acquire approximately 5.4% of Nazara’s equity.

Experienced Investors Back Nazara’s Future Growth
Axana Estates LLP, a private investment firm, will be led by designated partners Arpit Khandelwal and Mithun Sacheti. The duo brings significant experience and expertise from their respective ventures—Khandelwal is the founder and managing partner of Plutus Wealth Management LLP, and Sacheti is the founder of CaratLane, a prominent online jewelry brand. Their involvement with Nazara Technologies signals a strong endorsement of the company’s potential.

Khandelwal’s Growing Stake in Nazara Technologies
Notably, Khandelwal is no stranger to Nazara, as he was already a significant shareholder, owning an 8.1% stake as of December 2024. This new investment increases his stake further, reflecting his confidence in the gaming company’s future prospects. In addition, Khandelwal owns another 11.82% in the company, bringing his total ownership to around 19% post-investment.

Nazara Positioned for Expansion and Growth
For Nazara Technologies, this influx of capital will provide enhanced financial flexibility, which is crucial in the highly competitive and fast-evolving gaming market. The recent investment from Axana Estates will enable Nazara to accelerate its expansion plans and position itself for sustained growth in a crowded and competitive market.