Nazara invests Rs. 7.5 crores in Qunami, acquires majority stake

Online gaming and content company Nazara Technologies Limited has announced that it has invested Rs. 7.5 crores in Sports Unity Private Limited, the Delhi-based company that operates re🍨al money multipl🎉ayer quizzing app Qunami.

Apart from Nazara, Vaibhav Gaggar, a ▨Delhi-based lawyer and managing partner of law firm .

Qunami has over 3 lakh downl𝕴oads and 40,000 monthly users playing up to 30 minutes per day and has crossed over 1 crore transactions.

The news about Nazara investing around Rs. 7 crores in Sports Unity, apart from making investments in Sportskeeda and Halaplay was first reported by Inc42 in July 2019.

With this investment, Nazara has acquired majority stake in Qunami. The company stated that is investment in the quizzing company is a strategic move in addition to Nazara’s investments and diversified presence in various areas of gaming in🧸cluding esports, fantasy sports, digital cricket gaming, real money gaming and infotainment among others.

Commenting on the development, Seemant Shankar, co-founder of Qunami noted, “Quizzing attracts 𓆏audiences of all demographies and possesses a massive potential to scale. Nazara, a partner with a rock-solid reputation and international spread and carrier association within 118 c𒈔ountries creates the key alignment to Qunami’s vision of global expansion and opportunity to skyrocket Qunami’s success metrics.”

Manish Agarwal, CEO, Nazara Tech♛nologies Ltd. added, “We at Nazara are very excited with the quizzing space and are confident that Qunami will leverage Nazara’s network to grow into a large consumer centric internet brand and build quizzing as one of the l♓eading real money gaming categories in the emerging markets.”