Nazara Technologies, an online gaming and esports company, is launching Nazara Publishing, a platform for game developers worldwide to showcase their games in India.
The company plans to release up to 20 games in 18 months, investing at least Rs 1 crore each. They aim to partner with Indian and global developers to adapt and introduce their games to the Indian gaming audience.
“We are dedicated to nurturing both Indian and global game developers, providing resources, expertise, and a robust network to bring top-tier gaming experiences to India’s vast audience,” said Nitish Mittersain, CEO & joint MD, Nazara Technologies.
Through its platform, the company is also looking to promote Indian developers globally. “With a special focus on supporting Indian developers, Nazara sees a significant opportunity in the Make-in-India initiative, and as part of this initiative, we will also promote Indian game developers globally,” Mittersain added.
Nazara intends to offer developers support in game design, localization, data analytics, beta testing, quality assurance, improved monetization, and efficient distribution with its publishing platform.
Last month, the Mumbai-based company received a Rs 2.83 crore GST show cause notice due to unpaid GST on certain exported services.
In early October, Nazara secured Rs 410 crore from SBI Mutual Funds by issuing 5.7 million equity shares at Rs 714 per share. This followed a Rs 100 crore investment from Zerodha co-founder Nikhil Kamath, furthering their foray into game publishing.
