Nazara Technologies eyes expansion in US, Europe

Gaming and sports media company Nazara Technologies, which recently raised about Rs 315 crore to accelerate its acquisition strategy, has cast its net as far as the United States and Europe.

Nazara, which has actively been scouting and acquiring companies over the last five years, is now looking to fill some gaps in its casual, social multiplayer, e-sports and real money gaming segments.

“We are looking at expanding our M&A team outside India. All our M&A has broadly happened in India because we are a product of the Indian ecosystem,” said chief executive Manish Agarwal. “We want to really kind of expand our M&A into Europe and US, especially in the mobile gaming space because that’s where you have a long history of game development in Europe for 40 years versus India for four-five years.”