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Nazara to Acquire Remaining Stake in Kiddopia for Rs 300 Crore

CosmicTaco · 2024-07-20T08:41:20.488505+05:30

- Nazara Technologies announced its plan to acquire the remaining 48.42% stake in Kiddopia from founders Anupam and Anshu Dhanuka for Rs 300 crore. - This acquisition will mark one of the largest exits for founders in the gaming space in recent years, valuing Kiddopia at Rs 620 crore. - The payment will be made in three tranches, with the largest amount of Rs 225 crore already approved by shareholders. - Despite flat revenues, Kiddopia remains significant for Nazara, contributing close to 20% of revenue and over 50% of profit in FY24. - Kiddopia is a subscription-based app for children aged 2-7, with most of its income coming from the US. Source: The Arc

Nazara Technologies announced its plan to acquire the remaining 48.42% stake in Kiddopia from founders Anupam and Anshu Dhanuka for Rs 300 crore.
This acquisition will mark one of the largest exits for founders in the gaming space in recent years, valuing Kiddopia at Rs 620 crore.
The payment will be made in three tranches, with the largest amount of Rs 225 crore already approved by shareholders.
Despite flat revenues, Kiddopia remains significant for Nazara, contributing close to 20% of revenue and over 50% of profit in FY24.
Kiddopia is a subscription-based app for children aged 2-7, with most of its income coming from the US.

Source: The Arc