Nazara Technologies Acquires 15.86% Stake in Esports Platform STAN for Rs 18.4 Crore

Mumbai-based gaming company Nazara Technologies, through its subsidiary Nazara Dubai FZ, has acquired a 15.86% stake in GetStan Technologies Pte. Ltd (STAN), an esports community platform, for Rs 18.4 crore in an all-cash secondary transaction.

About STAN

Founded by Parth Chadha, Nauman Mulla, and Rahul Singh, STAN is a thriving esports and gaming community platform aimed at building a dynamic ecosystem for gamers and creators. As of July 2024, STAN has surpassed 12 million users, with over 80% of its user base coming from organic and referral-based growth.

STAN has demonstrated strong monetization, boasting 500,000+ paying users and a 30-day retention rate of over 60%. Its mobile app consistently ranks in the top 51 on the Google Play Store, with a 4.7-star rating.

Leadership Comments

Nitish Mittersain, Founder and CEO of Nazara Technologies, said, “This acquisition strengthens our presence in the growing gaming and esports sector. STAN’s mobile-first approach and strong community focus align perfectly with our vision to lead the global esports ecosystem.”

STAN’s CEO, Parth Chadha, added, “Nazara’s investment is a game-changer for STAN, accelerating our journey to redefine the gaming and esports community.”