Nazara acquires majority stake in children’s ed-tech app Kiddopia

New Delhi: Gaming and sports media company Nazara Technologies today announced that it has acquired a majority stake of 51% in Paper Boat Apps. Paper Boat Apps is the company that developed Kiddopia, a popular educational games app which is targeted at kids in the 2-7 year age bracket.

Nazara issued shares worth INR 43 crores to complete the final tranche of the deal. This transaction is part of the Rs. 83 crore deal to acquire a majority stake in Paper Boat Apps, valuing the company at over Rs. 150 crores.

Last month, Nazara acquired a majority stake in fantasy platform Halaplay Technologies.