Nazara Technologies, firm backed by big bull Rakesh Jhunjhunwala, became the first Indian gaming technology company to seek a market debut. Mumbai-based mobile gaming company filed initial public offering documents with the market regulators on Friday.
Founded by gamer Nitish Mittersain in 2000, Nazara is one of the largest interactive gaming and sports media companies in India. The company is known for its games on World Cricket Championship and Chhota Bheem and Motu Patlu series. Its subsidiary Nodwin Gaming hosts multiple gaming events across the country. It has operations in over 60 countries across emerging markets including India, Africa, the Middle East, South East Asia and Latin America.