Nazara Technologies, a leading interactive gaming and sports media company, has announced that it would invest up to $20 million in 2020 in startups associated with this segment across India, Africa, and the Middle East.
Nazara plans to infuse risk and growth capital in the selected startups besides offering mentorship via the founders of the companies in its current portfolio of investments and its leadership team.
The startups will also have access to local payment options with readymade legal infrastructure to expand into the above geographies, apart from access to Nazara’s network of 100 million-plus monthly active users in India.
In the past, Nazara has looked at speed-scaling 13 startups and provided them with growth capital.
The company plans to apply a similar model for the next set of startups, while aiming at targeted mentorship for business model refinement and go-to-market strategies. | To read full story, visit https://startuparound.com/read/1574348406.3143485/Nazara-Technologies-plans-to-invest-$20-million-in-e-gaming-startups?ref=audio_experience