Nazara buys Kae Capital’s stake in Halaplay, becomes majority shareholderGaming and sports media company Nazara Technologies said it has made an additional investment in fantasy sports startup Halaplay through an equity swap of stocks from Kae Capital worth Rs 14.6 crores.

The fresh funding makes Nazara a majority stakeholder in Bengaluru-based Halaplay Technologies.

Nazara has invested in Halaplay over the years in two tranches. First round of investment with Kae Capital was in November 2017 and the second round with Delta Corp. in March 2019, the company said in a press statement.

Founded by Swapnil Saurav, Prateek Anand, Ananya Singhal and Aman Kesari in 2017, Halaplay is a real money-based daily fantasy sports (DFS) platform.

Last year, Nazara Technologies told ET that it was planning to invest $20 million in gaming companies this year. Nazara has acquired 13 startups across sports media and gaming over the last 18 months. Some of its investments include, Nodwin Gaming, Next Wave Multimedia, Sportskeeda, Paper Boat Apps, Mastermind Sports, Moonglabs Technologies, Bakbuck, CrimzonCode, InstaSportz and NZWorld among others.

Nazara currently operates in India, Africa, West Asia, and has a small presence in Europe.

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