Nazara Tech Buys 15.86% Of Esports Community Startup STAN At Rs 18.4 Crore

In an all-cash secondary deal, Mumbai-based gaming firm Nazara Technologies, through its wholly-owned subsidiary Nazara Dubai FZ, purchased a 15.86% share in GetStan Technologies Pte. Ltd (STAN), an esports community platform, for Rs 18.4 crore.

“Nazara’s investment in STAN solidifies our position in the rapidly expanding gaming and esports industry. STAN’s mobile-first strategy and emphasis on community interaction are ideally aligned with our aim of being a prominent player in the global esports ecosystem. This acquisition enables us to broaden our reach while also empowering content creators and building a stronger gaming community,” stated Nitish Mittersain, Founder and CEO of Nazara Technologies.

Parth Chadha, president and CEO of STAN, added, “Nazara’s investment will be a major boost for STAN, fast-tracking our journey to redefine gaming and esports, communities and help us achieve our vision.”

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Parth Chadha, Nauman Mulla, and Rahul Singh founded STAN, a prominent gaming community platform aimed to building a healthy ecosystem for players and producers.

STAN’s user base topped 12 million in July 2024, with organic and referral-based methods accounting for more than 80% of all users.

The platform has demonstrated great monetization, with over 500,000 paid customers and a 30-day retention rate of more than 60%.

Its mobile app has grown significantly, constantly placing in the top 51 on the Google Play Store with a 4.7-star rating over the last year.

Nazara Technologies is a diversified gaming and sports media platform that operates in India as well as emerging and developed global regions such as Africa and North America. It has offerings in interactive gaming, eSports, ad-tech, and gamified early learning environments, including World Cricket.

The gaming and sports media company’s total net profit (from continuing activities) rose 13.23% to Rs 23.62 crore in Q1 FY25, from Rs 20.86 crore in Q4 FY23. In the first quarter of FY25, revenue from operations was Rs 250.08 crore, down 1.71% from Rs 254.43 crore in the same period the previous year.

Nazara Technologies rose 3.27% to Rs 992.75 after its fully owned subsidiary, Nazara Dubai FZ, entered into a share purchase agreement to buy a 15.86% stake in GetStan Technologies (STAN) for Rs 18.4 crore ($2.2 million).