Nazara Technologies to Acquire 15.86% Stake in Esports Platform STAN

Nazara Technologies Limited, through its wholly-owned subsidiary Nazara Dubai FZ, has announced the acquisition of a 15.86% stake in GetStan Technologies Pte. Ltd (STAN), a leading esports community platform in India. Nazara will acquire this stake for approximately ₹18.4 crore (US$2.2 million) in an all-cash secondary transaction.

The company stated that STAN is a prominent player in the Indian esports and fan engagement sector, known for its mobile-first platform that fosters community connections among gamers while supporting content creators. Founded by Parth Chadha, Nauman Mulla, and Rahul Singh, STAN has gained significant recognition in the industry.

As of July 2024, STAN has built a user base exceeding 12 million, with over 80% of its users acquired through organic and referral-based channels. The platform has also demonstrated strong monetisation capabilities, with more than 5,00,000 paying users and a high 30-day retention rate of over 60%. STAN’s mobile app has gained substantial popularity, consistently ranking among the top 51 apps on the Google Play Store, and maintaining a 4.7-star rating over the past year.

This acquisition aligns with Nazara’s strategic vision to strengthen its position in the growing esports and gaming market in India.

Commenting on this acquisition, the Founder and CEO of Nazara Technologies, Nitish Mittersain, said, “Nazara’s investment in STAN strengthens our position in the rapidly growing gaming and esports landscape. STAN’s mobile-first approach and focus on community engagement align perfectly with our vision to become a leading player in the global esports ecosystem. This acquisition allows us to expand our reach while empowering content creators and fostering a stronger gaming community.” 

Parth Chadha, CEO of STAN, stated, “Nazara’s investment will be a major boost for STAN, fast-tracking our journey to redefine gaming and esports, communities and help us achieve our vision.” 

About Nazara Technologies

Nazara Technologies is the leading India-based diversified gaming and sports media platform. The company has a presence in India, Africa, and North America. Its offerings span the interactive gaming, eSports, and gamified early learning ecosystems.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.