Yourstory – Nazara Technologies raises Rs 100 Cr through Hornbill Capital

Nazara has raised the amount from Instant Growth Limited (IGL), which is advised by Hornbill Capital Advisers LLP. IGL is an investment vehicle of the US based limited partners (LPs) of Hornbill Orchid India Fund.

Mumbai-based gaming company Nazara Technologies has raised investment from Instant Growth Limited (IGL), which is advised by Hornbill Capital Advisers LLP. IGL is an investment vehicle of the US-based limited partners (LPs) of Hornbill Orchid India Fund.

This funding comes right after Nazara filed a draft red herring prospectus (DRHP) on January 14 this year with market regulator Securities and Exchange Board of India (SEBI) for its initial public offering (IPO). Earlier this year, Plutus Wealth Management and its associates acquired shares worth over Rs 500 crore in Nazara from WestBridge Ventures II Investment Holdings, marking a complete exit for WestBridge Ventures II Investment Holdings.

Hornbill Capital acts as an advisor to Hornbill Orchid Investment Manager Private Limited which manages Hornbill Orchid India Fund, a Mauritius based hedge fund that invests in India as a Foreign Portfolio Investor.

Read more at: https://yourstory.com/2021/02/funding-alert-nazara-technologies-raises-rs-100cr-hornbill-capital