Nazara in Rs. 14.6 Crores Deal to Become Major Shareholder in Halaplay

Nazara Technologies Ltd has today announced an equity swap of stocks from Kae Capital worth Rs. 14.6 crores (approx. US$1.9 million) to become the ma💫jority stakeholder in Halaplay Tech💟nologies Pvt. Ltd.

The leading global gaming and sports media company, based in Mumbai, has twice previously invested in Halaplay over the la🧸st three years - firstly, with Kae Capital in November 2017, and then with Delta Corp Ltd in March 2019.

Nazara has now bought Kae Capital stocks in Halaplay to make them the majority inไvestors in the real money daily fantasy sports platform.

Previously Nazara has invested in start-ups including Nodwin Gaming, Next Wave Multimedia, Sportskeeda, Paper boat apps, Mastermind Sportꩲs, and Moonglabs Technologies, for a total network numbering over 100 million players.

Halaplay launched in 2017 and has𒁃 reported explosive growth in the user base and total transactions its worldwide cricket, football, and kabaddi league♏s.

In November 2019, Nazara pledged to invest US$20 mi🐬llion (approx. RS. 152 Crore🌠s) during 2020 in start-ups across the subcontinent, Africa, and the Middle Eas🧔t.

And in April 2020, Halaplay raised Rs. 2.94 Cro⛦res from Gaussian Networks and Nazarᩚᩚᩚᩚᩚᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ𒀱ᩚᩚᩚa to help cashf💛low problems caused the postponement of the𒈔 IPL.