Nazara has invested Rs 982 crore to acquire a 47.7% stake in PokerBaazi’s parent, Moonshine Technology. This includes Rs 592 crore in secondary share purchases and a Rs 150 crore primary share investment. PokerBaazi, generating 85% of Moonshine’s revenue, reported 340,000 monthly active users and Rs 414.9 crore in FY24 revenue.

Nazara Technologies has acquired a 15.86% stake in Stan, a blockchain-based e-sports fan engagement startup, for $2.2 million. This move strengthens Nazara’s gaming and e-sports presence. Stan, founded in 2022, offers a web3 platform for creators to build communities, with over 12 million users and $1.8 million turnover.