Nazara Technologies Ltd. buys Kae Capital stake worth INR 14.6 crores in Halaplay Technologies
Nazara now majority stakeholders in fantasy gaming platform Halaplay.
Mumbai, 12th June, 2020: Nazara Technologies Ltd., a leading global gaming and sports media company undertakes an equity swap of stocks from Kae Capital worth INR 14.6 crores to become the majority stake holder in Halaplay Technologies Pvt. Ltd.
Nazara Technologies Ltd. has invested in Halaplay over the years in two tranches; first round of investment was carried out with Kae Capital in November 2017 and second round with Delta Corp Ltd. in March 2019. The company has now gone ahead and bought KaeCaptial stocks in Halaplay making them the majority investors in the fantasy sports vertical.
Halaplay is a real money based daily fantasy sports (DFS) platform. Halaplay launched in 2017, has seen an explosive growth in the user base and total transactions since then. In the past Nazara has invested in startups such as Nodwin Gaming, Next Wave Multimedia, Sportskeeda, Paper boat apps, Mastermind Sports, Moonglabs Technologies, Bakbuck, CrimzonCode, InstaSportz, NZWorld among others.
About Halaplay Technologies
Halaplay Technologies Private Limited is in the sports entertainment business, started by 4 batchmates from BITS Pilani – Goa. They launched their first product in the fantasy sports industry (halaplay.com) in Jan 2017 for their serious and casual sports fans. They currently cover worldwide cricket, football &kabaddi leagues and venturing into other sports.