Rakesh Jhunjhunwala backed Nazara Technologies: A diversified play on online gaming market II Explained
IIFL Securities says that Nazara Technologies is the leading diversified gaming and sports media platform with presence in India and across developed global markets such as Africa and North America. Its offerings include interactive gaming, eSports and gamified early learning. Nazara expects to benefit from the underpenetrated Indian gaming and global gamified early learning markets which are expected to grow at 31.7% and 41.8% CAGR over 2020-23, respectively. Nazara’s diversified assets, strong relationships, in-house content, and technology stack are creating the network effect and economies of scale for it to continue its global expansion and increase monetization.
Rakesh Jhunjhunwala, known as the Big Bull of the market is one of the ace investors who is confident about the growth of this company: Reuters