Indian recreation firm Nazara has introduced it’s acquired a 15.86% stake in esports and fandom neighborhood platform Stan. A shortly rising participant within the Indian recreation business, Stan is a mobile-first video games platform devoted to the esports and fandom neighborhood.
Earlier in 2024, Stan unveiled a partnership with Aptos Labs, to launch its platform on the Aptos blockchain. It additionally provides UGC instruments and NFT buying and selling. To-date, it claims to have gained over 500,000 paying customers, and a complete person base of 15 million.
When it comes to the Nazara acquisition, it purchased its stake in Stan for 18.4 INR ($2.2 million) in an all-cash secondary transaction via its subsidiary Nazara Dubai FZ.
“Nazara’s investment in STAN strengthens our position in the rapidly growing gaming and esports landscape. STAN’s mobile-first approach and focus on community engagement align perfectly with our vision to become a leading player in the global esports ecosystem. This acquisition allows us to expand our reach while empowering content creators and fostering a stronger gaming community,” stated Nazara Applied sciences founder and CEO Nitish Mittersain.
“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,” added Stan CEO Parth Chadha.
