IPO-bound Indian gaming firm Nazara raises over $13m from Instant Growth

IPO-bound Indian gaming firm Nazara raises over $13m from Instant Growth

Photo: Sam Pak/ Unsplash

After filing for an initial public offer (IPO) last month, Mumbai-based gaming startup Nazara Technologies Ltd has raised fresh funding of Rs100 crore from Instant Growth Limited (IGL), the investment vehicle of North America-based limited partners (LPs) of Hornbill Orchid India Fund.

This is the second big investment in an Indian gaming startup this month. Last week, Mobile Premier League (MPL) had raised funds of $95 million (about Rs692 crore).

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