Indian game company Nazara has recently acquired a 15.86% stake in the esports and fandom community platform Stan. Stan, a mobile-first games platform dedicated to the esports and fandom community, has quickly gained popularity in the Indian game industry.
Earlier this year, Stan partnered with Aptos Labs to launch its platform on the Aptos blockchain. The platform also offers UGC tools and NFT trading, attracting over 500,000 paying users and boasting a total user base of 15 million.
Nazara purchased stakes in Stan for 18.4 INR ($2.2 million) in an all-cash secondary transaction through its subsidiary Nazara Dubai FZ. The founder and CEO of Nazara Technologies, Nitish Mittersain, expressed excitement about the investment, stating that it strengthens their position in the growing gaming and esports landscape. Stan CEO Parth Chadha also commented on the acquisition, noting that it will accelerate their journey to redefine gaming and esports communities.
With this strategic investment, Nazara aims to expand its reach in the global esports ecosystem and empower content creators while fostering a stronger gaming community. The partnership between Nazara and Stan signifies a significant step towards the advancement of the gaming industry in India and beyond.