Nazara looking at diverse formats within real money gaming space: Nitish Mittersain
Nitish Mittersain, Founder, Nazara Technologies, says “recent announcements around GST, etc, have brought more clarity which is why we are actively looking at investments, M&A in the real money online gaming space. Nazara looks at investment opportunities in a variety of gaming spaces, including game studios, core gaming IP, e-sports, edtech, and the online real money gaming space is one more sector that we are actively looking at now.”
As per media reports, if you see, Nazara is currently focussing on finding opportunities in the RMG space that are on a path to profitability and available at a fair valuation. Can you clarify the same and any such opportunities that you are looking at?
The online real money gaming space today contributes to less than 5% of our revenues, about 4% of our revenues, and a negligible contribution to our EBITDA. Nazara has always been cautiously optimistic in this space. We have been waiting for more clarity on taxation, GST, etc, how it is applicable to the space before we kind of scale up our investments and business in this space.
Recent announcements around GST, etc, have brought more clarity which is why we are actively looking at investments, M&A in this space. Nazara looks at investment opportunities in a variety of gaming spaces, including game studios, core gaming IP, e-sports, edtech, and the online real money gaming space is one more sector that we are actively looking at now.
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Given that the valuations have come down by around 60%
