Nazara Technologies has invested ₹4.74 crore in Play Venture Fund III and F4 Venture Fund I, boosting its strategic presence in early-stage gaming startups.
The investment follows an earlier approval allowing Nazara to allocate up to $2 million in Play Ventures and $250,000 in F4 Fund, to be utilized over a 3–4 year period.
Play Ventures focuses on mobile games, AI tools, and gaming infrastructure with a portfolio including startups like Defi Alliance and Cypher, while F4 Venture Fund I invests across gaming, AI, SaaS, and consumer tech sectors globally.
Nazara's recent moves also involve extending the acquisition timeframe for AFK Gaming, refraining from increasing stake in PokerBaazi operator MTPL, and concluding the acquisition of Smaaash Entertainment despite a decline in financial performance.