Nazara open to big M&A deals in gaming, says COO Sudhir Kamath

After raising about Rs 510 crore from Zerodha co-founder Nikhil Kamath and SBI Mutual Fund, Mumbai-based Nazara Technologies is now open to look at large-size mergers and acquisitions (M&A) deals in the gaming sector, the company’s chief operating officer Sudhir Kamath told Fe in an interaction.

With the recent fundraise, cash in the company’s books now stands at Rs 1,300 crore, which gives it room to go for larger deals as well with companies having valuation upwards of Rs 100-200 crore.