16+ CR GTD
Header banner - Natural8
Pokersaint - Lead
Nazara buys stake worth INR 14.6 Crore in Halaplay Gaming

Nazara buys stake worth INR 14.6 Crore in Halaplay

by Nitya Jain Posted on 15 Jun, 2020

We all know by now that the incredible boost in online gaming has definitely benefited the market since the past three months. Suffering a major blow due to the COVID-19 pandemic, people all around the world are turning towards online means for entertainment. One such gaming, Nazara Technologies acquired Kae Capital’s stake worth INR 14.6 Crore, becoming a majority stakeholder in fantasy gaming platform Halaplay Technologies.

Launched in 2017 by four students from BITS Pilani, Halaplay is real money based sports site. Ever since its inception, the company has observed an exponential growth in the user base. It currently comprises of cricket, kabaddi leagues, and football. 

Over the years, Nazara has invested twice. The first round of investment was carried out with Kae Capital in November 2017 and the second round when Halaplay raised INR 2.94 Crores from Delta Corp’s online gaming subsidiary Gaussian Networks and Nazara Technologies. “The company has now gone ahead and bought Kae Capital’s stocks in Halaplay making it the majority investors in the fantasy sports vertical,” a statement by Nazara read.

With a network of over 100 million players in the country, previously, Nazara had invested in start-ups including Nodwin Gaming, Next Wave Multimedia, Sportskeeda, Paper boat apps, Mastermind Sports, and Moonglabs Technologies. The company has taken licensed mobile gaming rights to popular Indian IP characters such as Chhota Bheem, Motu Patlu, Mighty Raju, and so on.

Nazara is also an investor in the gaming and sports ecosystem in India and has consummated transactions worth $50 million in the past three years. The company has acquired a majority stake in Next Wave Multimedia Pvt. Ltd, Nodwin Gaming Pvt. Ltd and HalaPlay Technologies Pvt. Ltd. For more updates on the gaming industry around the world, keep reading GutshotMagazine.com and stay tuned!


Tagged : 

More News

Twitch Bans GGPoker Ambassador Daniel Negreanu
Poker
15 Jun,2020 

Negreanu bets $1 million on him winning bracele...

Johnny Chan: First Player to Reach 10 WSOP Bracelets!
Poker
13 Jun,2020 

Johnny Chan: First Player to Reach 10 WSOP Brac...

Sunday Roundup: Sumit Sapra becomes the latest Millionaire!
Poker
15 Jun,2020 

Sunday Roundup: Sumit Sapra becomes the latest ...


Dangal box

Top 10 Poker Rooms

  • Pocket52
    Pocket52

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

  • 9stacks
    9stacks

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

  • PokerSaint
    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 "GUTMIL"
    Offer: Get Rs. 110 ticket for Millionaire D'lite Day 1A 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
    Natural8

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

  • BLITZPOKER
    BLITZPOKER

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

  • PokerStars India
    PokerStars India

    Deposit Rs.500 and get First Deposit Bonus of Rs.2,500 + 5 tickets to Depositor Freerolls
    Offer: "IMIN2500" Register

Pokersaint box banner

Want to share your thoughts about poker?

Then click the button to submit your article.

Facebook + Follow

Instagram + Follow

Pocket52 30%

Pocket52 30%