Nazara Swap Equity of Stock to Become Stakeholder in Halaplay

Nazara Technologies Limited has become a majority stakeholder in Halplay Technologies Private Limited by swapping equity of shares worth Rs 14.6 crore. The leading global gaming and sports media company based in Mumbai has invested twice in Halaplay over the past three years, first with Kae Capital in November 2017 and then with Delta Corp Ltd in March 2019.

Nazara has previously invested in start-ups including Next Wave Multimedia, Nodwin Gaming, Paper Boat Apps, SportsKida, Mastermind Sports and Moanlabs Technologies, for a total network number of over 100 million players.

Nazara has now bought Kae Capital stock in Halplay to make him a majority investor in the real-money daily fantasy sports platform.

Halaplay launched in 2017 and reported an explosive growth in user base and total transactions in cricket, football and kabaddi leagues worldwide.