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The company also said it was planning to launch up to 20 games across platforms, including mobile, web3, VR and PC, in the next 18 months, with an investment of at least Rs 1 crore in each of those games.
The platform said it was planning to partner with various Indian and global developers to localise and bring their games to the large Indian gaming base.
“We are dedicated to nurturing both Indian and global game developers, providing resources, expertise, and a robust network to bring top-tier gaming experiences to India’s vast audience,” said Nitish Mittersain, CEO & joint MD, Nazara Technologies.
The company, through its platform, is also looking to promote Indian developers globally. “With a special focus on supporting Indian developers, Nazara sees a significant opportunity in the Make-in-India initiative and as part of this initiative, we will also promote Indian game developers globally,” Mittersain added.
With its publishing platform, the company also aims to provide developers with support on game design, localisation, data analytics capabilities, beta testing and quality assurance, enhanced monetisation and strong distribution.
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The Mumbai-based company had received a Rs 2.83 crore GST show cause notice last month. The tax demand issued to Nazara pertained to the export of certain services by the company for which it did not pay GST.Early last month, the company had raised Rs 410 crore from SBI Mutual Funds after the company’s board approved the issue of 5.7 million equity shares at Rs 714 per share to the fund. This came days after the company had raised Rs 100 crore from Zerodha cofounder Nikhil Kamath to make a push into the game publishing space.