Nazara Technologies Limited has announced, through its subsidiary Nazara Dubai FZ, the acquisition of a 15.86% stake in GetStan Technologies Pte. Ltd (“STAN”), a leading esports community platform in India. The investment of approximately INR 18.4 Cr (US$2.2 million) will be made in an all-cash secondary transaction.
STAN, founded by Parth Chadha, Nauman Mulla, and Rahul Singh, has grown rapidly, boasting over 12 million users and a strong monetization strategy with 500,000 paying users. The platform is noted for its mobile-first approach and high engagement, with its app frequently ranking among the top 51 on the Google Play Store.
Nitish Mittersain, Founder and CEO of Nazara Technologies, stated that the investment will enhance Nazara’s presence in the gaming and esports sectors, aligning with their global ambitions. Parth Chadha, CEO of STAN, welcomed the investment, noting it will accelerate STAN’s growth and impact.