Nazara Technologies Limited

“Earn trust, earn trust, earn trust. Then you can worry about the rest.” – SETH GODIN Trust can only be earned with transparent communication at a pre determined cadence & I saw the benefits of practicing this in my previous stint as the CEO of a gaming company which went public under my watch. The discipline of sharing quarterly results is a way of life at Kratos Gaming Network (KgeN) even though its just 20 months old!! We, at KGeN, strongly believe that this is the only way to earn trust of the larger ecosystem, more so in web3/ blockchain as the current dominant narrative is shrouded in the blanket of mis trust and accusations of ponzinomics... On behalf of the Elder Council of Kratos Gaming Network, I am pleased to share the progress made in AMJ'24. TLDR is as follows: 1. Clear line of sight for 10 mil USD annualised revenue for CY 24 and delivered annualised revenue run rate of 6 Mil USD by mid year.. 2. Marking the first positive cash flow month (June'24). Fyi, KgeN is not even 2 years old yet!! (Yes, we are old school & we track Free Cash Flows!! ) 3. 1st million dollar revenue contract signed & hoping that this is the beginning of many such contracts. (Counting on leads from this network ..) P.S. Those who want "curated & engaged" gamers at scale - Rockstar BD team (Rishabh Ahuja Anoushka Ananth Gabriel Lucio) are always ready to jump on the call.. Why is Kratos Gaming Network exciting for game publishers and blockchains?: 1. 113 Mil attributes across 5.8 Mil gamers form the foundation of Gamer Reputation -> PoG Score (Proof of Gamer) on Kratos Gaming Network 2. Player Liquidity at one platform across ecosystems as Multi-chain Gamer Network is now a reality with KGeN tech Stack supporting multiple EVM & MVM chains such as Polygon Labs Aptos Labs Klaytn Foundation ZKsync Haqq and many more in pipeline. 3. Network of passionate gamers in Brazil & India - the two most exciting gaming markets in the world onboarding the REAL gamers who love playing games, competing in tournaments and bragging about their skills on discord & X (Thank God for this as I am scared of community of ONLY speculators/traders !!) Is all of this being delivered by some "alfa rockstars" with hallowed pedigree &/or experiences at FAANG etc? No ser - this is a 90 member team (and growing) which takes pride in working as ONE TEAM & keeping their focus on "Getting Shit Done" .. Team is ably supported by extended army of 20k plus community contributors who wear the KGeN badge with pride ... All of them driven by a single minded passion of creating a new era for Gamers - The KGeN Era!!!. For those who want to refresh on what is KGeN upto - here is the short & sweet video... https://lnkd.in/gr2iV2y9 Stay tuned for more updates from the Elder council comprising of Ishank Gupta Sreenivas Makam Amit Hardi Sandeep Shetty Akshey Aggarwal Mark Ducasble Mai Diab Tariq Al Wari Anita Srinivasan Abhinandan B. Debashish Ghosh Marduk..

We are pleased to share the financial performance of Nazara Technologies Limited for FY24. Of particular note this year, our operating cash flows of INR 131.4 cr exceeded our EBITDA of 127.9 cr which underscores our commitment to efficient business operations and generating free cash flow, which we can reinvest for both organic and inorganic growth. We also raised equity capital of INR 950 crores this year from notable investors, increasing our overall cash balance to INR 1450 crores. With this solid financial cushion, we are ready to seize attractive M&A opportunities in FY25. Full results can be accessed here: https://lnkd.in/gGmaB9As Thank you all for your continued support as we strive hard to build a large, global gaming company from India. #nazara #gaming #india #esports

Sharing a detailed and insightful article by Vikas SN from moneycontrol.com In a freewheeling chat with him, I discussed why I believe India is the brightest spot for tech entrepreneurs right now. With a robust government, rapid GDP growth, and deep public markets, the environment is ripe for innovation and wealth creation. I encourage more startup founders to consider listing in India and join us in transforming the NSE into India’s Nasdaq within the next five years. If you're a founder contemplating taking your company public, I'm happy to share my experiences and insights. Let's leverage this massive opportunity for value creation for all stakeholders. #IndianTech #IPO #Startups

Received this recognition by HURUN INDIA recently... thanks Anas Rahman Junaid Karan Bhagat for acknowledging Nazara's contribution to the Indian gaming industry!