Gaming startup Nazara raises $28 mn from Rakesh Jhunjhunwala
Mumbai-based mobile gaming company Nazara has raised $27.99 million (₹180 crore) from investor Rakesh Jhunjhunwala, who acquired a majority of its stake. Earlier, Nazara raised $51.1 million (₹330 crore) in funding led by IIFL Special Opportunities Fund. Founded in 2000, Nazara develops mobile games based on public personalities like cricketer Virat Kohli and cartoon series like 'Motu Patlu'.