Nazara's Big Play: Acquires Majority Stake in Funky Monkeys for ₹43.7 Crore

Gaming giant Nazara Technologies has acquired a 60% stake in Funky Monkeys Play Centre for ₹43.7 crore, marking its entry into physical entertainment. The deal, completed on February 24, 2025, involves both primary and secondary investments. Nazara subscribed to 3.61 lakh equity shares for ₹15 crore and purchased 6.51 lakh shares from existing shareholders for ₹28.7 crore. Funky Monkeys, founded in 2012, operates 11 indoor play centers across India for children aged 1-12 years. This strategic move aligns with Nazara's expansion plans in gaming, adtech, and edtech sectors, diversifying its revenue streams and strengthening its position in the entertainment industry.
Sources: Upstox, BWDisrupt, Alice Blue Online