Nazara acquires OpenPlay🎮
Indiagold raises $12 mn. A quick recap of everything that happened this week.
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Nazara Technologies acquires OpenPlay for Rs 186.4 Cr🎯
Nazara Technologies Ltd on Friday said it has acquired a 100% stake in Hyderabad-based skill gaming company OpenPlay Technologies for ₹186.4 crores as the gaming and sports media company looks to bolster its play in the real money gaming segment.
The Rakesh Junjhunwala backed company had acquired the Turkish gaming company PublishMe in June this year.
OpenPlay runs a multi-game consumer gaming platform under the ‘Classic Games’ brand which hosts skill-based games. This marks the second acquisition for Nazara in the skill-based real money space after the 2019 purchase of Halaplay.
OpenPlay is also Nazara’s eighth acquisition to date, and it’s second after the company listed on Indian exchanges, earlier in March this year.
Indiagold raises $12 million as gold loans surge🥇
Indiagold, a gold-based loan platform founded during the pandemic, has raised $12 million in new capital, which it intends to use to extend its operations across India over the next two years.
There has been a surge in loans against jewelry since the start of the pandemic in early 2020, according to an S&P Global report.
Indiagold was founded against this backdrop by former Paytm executives Nitin Misra and Deepak Abbot. It lets customers store gold in lockers at much cheaper rates than traditional banks, and also offers a line of credit against the deposits.
A quick recap of the week🚄
Zetwerk to turn unicorn with $150-million funding🤩
Facebook India’s initiative for SMEs💁🏻♂️
Zydus Cadila's needle-free COVID-19 vaccine approved💉
Court gives police 3 weeks to conclude Paytm ownership inquiry👮🏻♂️
China's tech crackdown will benefit Indian startups😇
Ola and Ola Electric plans to go public next year📊
India ranks 2nd on the list of most attractive manufacturing hubs globally🏭
Hike raises an undisclosed amount from the world's leading founders🤑
Khatabook lands $100 million, announces ESOP buyback📕
Delhivery acquires Spoton, to file IPO papers🚚
Govt will support 300 start-ups to create 100 unicorns🦄
India's largest renewable energy producer listed on Nasdaq🌞
Air taxis to be a reality soon under new drone policy: Aviation Minister🛩
Yahoo! shuts down news sites in India over FDI regulations🚫
Apple CEO collected $750 million in final payout from the deal💰
Zupee, a skill-based gaming firm, announced a $30 million funding round on Tuesday, with a pre-money valuation of $500 million.
Gurugram-based 1K Kirana Bazaar (commonly known as 1K) announced a $7 million Series A fundraising round.
Hiration, a career software has raised Rs 21 crore funding.
Vedantu is in advanced talks to raise $100 million, valuing the company at a billion dollars post-money.
Syook, an enterprise IT firm, has raised $1 million in a Series A round.
Digital Therapeutics company Breathe Well-being that helps people prevent, manage and reverse Type 2 Diabetes has raised $5.5 Mn.
Bewakoof, a youth-focused direct-to-consumer (D2C) brand, has raised Rs 60 crore with a target revenue of Rs 2,000 crore by 2025.
TartanSense, an agritech startup that makes "small robots for small farms", has raised $5 million in a Series A funding round.
Curefoods, which operates the cloud kitchen brand EatFit, has raised $13 million in a funding round.
NOTO, the low-calorie and high-protein ice cream business, has raised Rs 4 crore from John Abraham.
Elda Health, a women's healthcare platform, has raised $1.5 million in a seed funding round.
Sporjo, a sports-focused online education, training, and employability startup said that it has raised $2 million in funding and that tennis champion Leander Paes has joined the company.
Have a wonderful weekend!🥳
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