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Tag: Sandeep Singhal

  • Nazara Technologies is a leading mobile games company which is engaged in the acquisition of, value addition to and distribution of mobile games across emerging markets

    Rakesh Jhunjhunwala acquires minority stake in Nazara

     

     

    WestBridge Capital-backed Nazara Technologies announced that Rakesh Jhunjhunwala has acquired a minority stake in Nazara for approximately Rs 180 crore.

     

    Commenting on the recent investment made by Rakesh Juhunjhunwala, Nitish Mittersain, Managing Director & Founder, Nazara Technologies says, “We are delighted to have Rakesh Jhunjhunwala as an investor in Nazara and it is a great validation of value augmentation delivered by Nazara for its existing shareholders.”

     

    Added Sandeep Singhal MD & Co founder West Bridge Capital: “WestBridge has had a fantastic journey with Nazara and Nitish for 14 years and we welcome Rakesh Jhunjhunwala as an investor to join us on Nazara’s future journey.”

     

    Said Jhunjhunwala: “I am always on the lookout for promising companies which are leaders in high growth verticals. Nazara is a leading company in the mobile games business. Nazara has a consistent track record of delivering profits, cash flows, along with efficient use of capital and high ROE. I see a growth potential in the company.”