Nazara, a mobile having startup generated Rs 220 crore revenue for FY 2015-16, with the Indian market contributing 47% to the top line revenue.
“We have seen an explosive growth of 40% CAGR in the past 4 years,” said Nitish Mittersain, the founder of Nazara Technologies.
“Another aspect that has helped with growth is pre-loading games on millions of devices through partnerships with handset manufacturers,” Mittersain said.
The company had also picked up a 26 percent stake in London-based Mastermind Sports in April. Nazara Games is present in 48 countries across the world and claims to reach out to more than two billion consumers. It also plans to launch a host if products and services in 20 more countries.
“The expansion of Games Club, which is a subscription-based service, into 20 new markets could be a huge growth driver,” said Manish Agarwal, the CEO of Nazara Games.