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<ul><li><keyword id="6357332" type="UNKNOWN" weightage="20" keywordseo="Gaming">Gaming</keyword> company <keyword id="125145" type="COMPANY" weightage="20" keywordseo="Nazara-Technologies">Nazara technologies</keyword> acquires a 51% stake in Paper Boat Apps, a Mumbai-based indie studio.</li><li>Paper Boat Apps is the publisher of Kiddopia.</li><li>Kiddopia is an edutainment app which has over 2.5 million downloads and 100,000 paying users. </li></ul>Indian gaming company Nazara technologies acquired a 51% stake in Paper Boat Apps, a Mumbai-based indie studio. Nazara has invested ₹83.5 crores for the deal. Paper Boat Apps is the publisher of Kiddopia, an edutainment app which has over 2.5 million downloads and 100,000 paying users. “Kiddopia addresses the concern where young children are found to consume digital content through their parent’s devices. Kiddopia offers a positive alternative while bringing high quality, curated educational content packaged within an entertaining framework that keeps both kids healthy and parents happy. Kiddopia will be leveraged to over 100 million users through the Nazara network,” Nitish Mittersain, founder and MD, Nazara Technologies said. But this acquisition is only one of the series of investments by Nazara this year. In September 2019, Nazara acquired majority stake in Sports Unity, the creator of multiplayer quiz called Qunami, for ₹7.5 crore. In August, Nazara also bought 67% stake in Sportskeeda for ₹44 crore. In May, Nazara invested in local languages gaming platform Bakbuck. It had also bet on a fantasy gaming platform Halaplay with an investment of ₹40 crores in March. Nazara also holds the license mobile gaming rights of popular cartoon characters like Chhota Bheem, Motu Patlu, Shikari Shambhu. It has also established itself in 64 countries across Africa, Middle East, South East Asia, and the Indian subcontinent. Nazara is also gearing up to go for an IPO.

Nazara clinches its fifth acquisition this year by buying into Paper Boat Apps

An FICCI-KPMG report, published in March 2016, predicted that the mobile gaming market in India will expand from $200 million in 2016 to $3 billion in 2019. While this sector is dominated by many international players (pun intended) like EA, as more Indians come online, the need for localized content has increased. 
 <keyword id="242260" type="COMPANY" weightage="20" keywordseo="Nazara">Nazara</keyword> is a game-developing company which is also the largest publisher of mobile games in India. Interestingly, they work on creating localized content. Their games have been varied; on Chhota Bheem for kids, <keyword id="6354486" type="PERSON" weightage="100" keywordseo="Virat-Kohli">Virat Kohli</keyword> and <keyword id="6354267" type="PERSON" weightage="20" keywordseo="Sachin-Tendulkar">Sachin Tendulkar</keyword> for Men, and <keyword id="6354563" type="PERSON" weightage="20" keywordseo="Hrithik-Roshan">Hrithik Roshan</keyword> for men &amp; women have topped app stores over the past year. 
 They also recently launched a new cricket game with <keyword id="13937" type="PERSON" weightage="20" keywordseo="Rohit-Sharma">Rohit Sharma</keyword> called Rohit Cricket Championship which is currently on the No 4 spot in <keyword id="6355629" type="CITY" weightage="20" keywordseo="Google">Google</keyword> <keyword id="1470391" type="ORGANIZATION" weightage="20" keywordseo="Play-Store">Play Store</keyword>. Nazara has exclusive mobile gaming license for the Indian cricket stars till 2018 to develop unique digital gaming experiences for millions of fans. 
 In an exclusive chat with <keyword id="824043" type="COMPANY" weightage="20" keywordseo="Business-Insider">Business Insider</keyword>, Nitish <keyword id="3835782" type="UNKNOWN" weightage="20" keywordseo="mittersain">Mittersain</keyword>, Founder and MD, Nazara Technologies talked about his company changing their model to be <a href="http://www.businessinsider.in/Heres-how-credit-cards-can-get-you-great-benefits-while-travelling/articleshow/55312440.cms">successful in a sector that is very volatile.</a> He said - “In 2004 when <keyword id="6354867" type="CITY" weightage="20" keywordseo="Sachin">Sachin</keyword> decided to come onboard with us, we realized that we cannot just develop our own games, but also get <keyword id="388837" type="UNKNOWN" weightage="20" keywordseo="intellectual-property">Intellectual Property</keyword> rights from companies and work with third party developers. We also developed <keyword id="3835783" type="UNKNOWN" weightage="20" keywordseo="nazara-games-club">Nazara Games Club</keyword>, which is a subscription-based platform that allows people to choose from a variety of games. This got us a lot of traction.” 
 
<a href="http://www.businessinsider.in/Five-popular-start-ups-that-have-shut-down-this-year/articleshow/55206750.cms">ALSO READ: Five popular start-ups that have shut down this year</a> 
 
In FY2016, Nazara has claimed to have generated Rs 220 crore in revenues and <a href="http://www.businessinsider.in/Paytm-sees-over-435-increase-in-traffic-since-yesterday/articleshow/55334259.cms">has clocked 35 million visitors. </a> 
 
Mittersain believes in the product and being frugal, and that is why his company has been profitable since 2008. He signs off by saying that he hopes that internet penetration in India increases so that the upcoming sectors like gaming can grow further.

This gaming company is creating mobile games for cricketers like Virat Kohli

The <keyword id="163934" type="COMPANY" weightage="20" keywordseo="National-Stock-Exchange-of-India">National Stock Exchange of India</keyword> (<keyword id="6354646" type="COMPANY" weightage="20" keywordseo="nse">NSE</keyword>) subsidiary NSE Data &amp; <keyword id="6359249" type="COMPANY" weightage="20" keywordseo="Analytics">Analytics</keyword> on Wednesday announced <keyword id="6355120" type="UNKNOWN" weightage="20" keywordseo="investment">investment</keyword> in technology start-up Capital Quants Solutions (CQS). The latest investment is a part of NSE's programme for investment in the fields of 'Analytics, Digital, Robotics, Security, <keyword id="107950" type="COMPANY" weightage="20" keywordseo="artificial-intelligence">Artificial Intelligence</keyword>, <keyword id="294572" type="COMPANY" weightage="20" keywordseo="machine-learning">Machine Learning</keyword>, <keyword id="6355684" type="COMPANY" weightage="20" keywordseo="Blockchain">BlockChain</keyword>'. The India based technology start-up focuses on providing software products using Machine Learning (ML) and Natural Language Proficiency (NLP). "The investment in CQS is a part of NSE's program for investment in the fields of 'Analytics, Digital, Robotics, Security, Artificial Intelligence, Machine Learning, BlockChain etc.' where start-ups require early stage financing and incubation to expand and realise their full potential," said Vikram Limaye, MD &amp; CEO, NSE. "Through such partnerships with select start-ups, which have demonstrated technological potential, NSE Group aims to further strengthen its technology leadership. These fields present innovative solutions and breakthrough technologies, which could potentially change the future of capital markets in India and the world." SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/nazara-technologies-ipo-opens-today-should-you-subscribe/articleshow/81542657.cms">Nazara Technologies will be the first pure-play gaming company to debut on the Indian public markets – analysts are all in for it</a> <a href="https://www.businessinsider.in/stock-market/news/suryoday-small-finance-bank-initial-public-offer-ipo-worth-581-crore-live-should-you-subscribe/articleshow/81543610.cms">Suryoday Small Finance Bank IPO worth ₹581 crore opens today – should you subscribe?</a> <a href="https://www.businessinsider.in/tech/news/elon-musk-turns-down-1-million-for-the-tweet-he-was-selling-as-an-nft/articleshow/81546434.cms">Elon Musk turns down $1 million for the tweet he was selling as an NFT</a> <a href="https://www.businessinsider.in/stock-market/news/how-to-check-easemytrip-ipo-allotment-and-listing-date/articleshow/81548106.cms">EaseMyTrip IPO allotment live – how to check allotment, listing date and more</a>

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Nazara clinches its fifth acquisition this year by buying into Paper Boat Apps

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This gaming company is creating mobile games for cricketers like Virat Kohli

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NSE subsidiary invests in data analytics startup Capital Quants

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