Sus sus amorgus: v2.05b - Bot T5 CW#16 - Fix errors for CW project (Unicode control characters - Duplicated reference)

2023-07-19T02:50:48Z

v2.05b - Bot T5 CW#16 - Fix errors for CW project (Unicode control characters - Duplicated reference)

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{{Short description|Indian sports website }}
{{Use dmy dates}}

{{Infobox company
| name = Nazara Technologies
| logo = Nazara Technologies.png
| logo_caption =
| type = [[National Stock Exchange of India|Public]]
| industry = {{Unbulleted list|Sports|Electronic Sports}}
| founded = {{start date and age|1999}}
| founder = Nitish Mittersain
| hq_location = [[Mumbai]], [[Maharashtra]], India
| area_served = Worldwide
| key_people =
| parent =
| website = {{url|https://nazara.com}}
}}
'''Nazara Technologies''' is a mobile gaming company and sports media platform based in India.<ref name="67%">{{Cite web |last=Malik |first=Yuvraj |title=Nazara Technologies acquires 67% stake in Sportskeeda for Rs 44 cr |url=https://www.business-standard.com/article/companies/nazara-technologies-acquires-67-stake-in-sportskeeda-for-rs-44-cr-119082101241_1.html|website=[[Business Standard]]|language=en-US}}</ref>

==History==
In 1999, Narzara Technologies was founded by Nitish Mittersain.<ref>{{Cite web |title=Nitish Mittersain – Nazara |url=https://www.nazara.com/?page_id=3701 |access-date=2023-06-28 |language=en-US}}</ref> In 2018, Nazara was planning to go public and obtained approval from the markets regulators, but halted the process.<ref name="Hindustan" /> Ultimately, the company was listed on the [[National Stock Exchange of India]] in 2019.<ref name="livemint 2">{{cite news|author=Varuni Khosla|title=Gaming firm Nazara acquires Sportskeeda|publisher=[[LiveMint]]|url=https://www.livemint.com/companies/start-ups/sportskeeda-acquires-majority-stake-in-us-s-pro-football-network-for-1-8-million-11679485426226.html}}</ref> In 2019, Nazara Technologies acquired the sports media website Sportskeeda.<ref name="SK">{{Cite web |title=Gaming firm Nazara acquires Sportskeeda |url=https://www.hindustantimes.com/business-news/gaming-firm-nazara-acquires-sportskeeda/story-jXi2U3rOZsLfrKLRsgVH2L.html |access-date=2023-06-06 |website=[[Hindustan Times]]|language=en}}</ref> In 2021, the company recorded a profit of {{INRConvert|20.28|c}} grew from {{INRConvert|15|c}} to {{INRConvert|35.28|c}} as compared to the last year.<ref name=":1">{{Cite web |title=Nazara to acquire additional 6.05% stake in Sportskeeda for Rs 20 crore - Exchange4media |url=https://www.exchange4media.com/digital-news/nazara-to-acquire-additional-605-stake-in-sportskeeda-for-rs-20-crore-123244.html |access-date=2023-06-12 |website=Exchange4media |language=en}}</ref>

In November 2022, Porush Jain resigned as director and CEO of the company and appointed Ajay Pratap Singh.<ref>{{Cite web |last=Thathoo |first=Chetan |title=Nazara-Backed Sportskeeda Founder Porush Jain Resigns As CEO |url=https://inc42.com/buzz/nazara-backed-sportskeeda-founder-porush-jain-resigns-as-ceo/ |access-date=2023-06-06 |website=Inc42 Media |language=en}}</ref> In FY2022, the company recorded a turnover of {{INRConvert|80.65|c}} from {{INRConvert|35.28|c}} as compared to last year.<ref name=":1" />

In 2023, Nazara Technologies acquired US-based ''Pro Football Network LLC'' which is an analysis website that covers [[National Football League]] (NFL) and [[college football]] with 73.27% stake at ₹16 crore (US$1.82 million), through their subsidiary Sportskeeda.<ref name=":0">{{Cite web |last=Gupta |first=Aryaman |title=Nazara arm Sportskeeda pays $1.8 mn for 73.27% stake in NFL-focused US firm |url=https://www.business-standard.com/article/companies/sportskeeda-acquires-majority-stake-in-nfl-focused-us-firm-for-1-8-mn-123032201122_1.html |access-date=2023-06-06 |website=[[Business Standard]]|language=en-US}}</ref><ref>{{Cite web |last=Das |first=Sudip |title=Buzzing Stocks {{!}} Hero MotoCorp, Hindustan Aeronautics, HG Infra Engineering, and others in the news today |url=https://www.moneycontrol.com/news/photos/business/stocks/buzzing-stocks-hero-motocorp-hindustan-aeronautics-hg-infra-engineering-and-others-in-the-news-today-10294811-7.html |access-date=2023-06-06 |website=Moneycontrol |language=en}}</ref> According to the exchange filing, Sportskeeda reserves an option to acquire up to 10 percent and up to 8 percent additional stock of the Pro Football Network LLC in CY 2024 and CY 2025 respectively.<ref>{{Cite web |author=Jomy Jos Pullokaran |title=Nazara arm Sportskeeda acquires 73 percent stake in NFL-focused US website |url=https://www.cnbctv18.com/business/companies/nazara-arm-sportskeeda-acquires-73-percent-stake-in-nfl-focused-us-website-16236261.htm |website=[[CNBC TV18]] |language=en-US |quote=Sportskeeda Inc acquired the majority stake in Pro Football Network LLC for $1.817 million. The investment is part of Sportskeeda's growth strategy in the US digital sports media market.}}</ref><ref>{{Cite web |last=Deb |first=Aparna |title=Stocks to Watch: HAL, Hero MotoCorp, NBCC, Nazara Tech, BHEL, GAIL, and Others |url=https://www.news18.com/business/markets/stocks-to-watch-hal-hero-motocorp-nbcc-nazara-tech-bhel-gail-and-others-7362019.html |access-date=2023-06-06 |website=News18 |language=en}}</ref><ref name="ET NOW">{{Cite web |title=Nazara's Sportskeeda buys NFL-focused platform Pro Football Network for 1.8 million|url=https://www.youtube.com/watch?v=cwmF7kkcMcY|author=Tapanjana Rudra|publisher=[[ET Now]]|language=en-US}}</ref> Nazara Technologies joined the ''All India Gaming Federation'' (AIGF) as a principal member.<ref name="Entrepreneur India">{{Cite web |title=Nazara's Sportskeeda buys NFL-focused platform Pro Football Network for 1.8 million|url=https://www.entrepreneur.com/en-in/news-and-trends/nazara-technologies-joins-all-india-gaming-federation-aigf/452311|author=Teena Jose|publisher=[[Entrepreneur India]]|language=en-US}}</ref>

=== Intellectual property ===
The company offers various interactive gaming options, eSports, ad-tech, and gamified early learning ecosystems. Nazara was one of the pioneers in the Indian [[eSports]] market (via Nodwin) and [[cricket]] simulation (via Nextwave).<ref>{{Cite web |title=Our Company – Nazara |url=https://www.nazara.com/?page_id=2175 |access-date=2023-06-28 |language=en-US}}</ref>

* ''World Cricket Championship'' and ''[[Carrom|CarromClash]]'' in mobile games
* ''Kiddopia'' in gamified early learning
* ''Nodwin Gaming'' in eSports
* ''Halaplay'' and ''Openplay''<ref>{{Cite web |author=Sneha Shah|title=Nazara Technologies acquires OpenPlay for Rs 186 crore|url=https://economictimes.indiatimes.com/tech/startups/nazara-technologies-acquires-openplay-for-rs-186-crore/articleshow/85689708.cms|website=[[The Economic Times]]}}</ref> in skill-based games
* ''Datawrkz'' in digital ad tech
* ''Sportskeeda'' in eSports media

==== Sportskeeda ====
[[File:Sportskeeda.svg|thumb|Sportskeeda logo]]

Sportskeeda is a global sports and [[esports]] media [[subsidiary]] of Nazara Technologies headquartered in [[Bangalore]], India.<ref>{{Cite web |title=Rakesh Jhunjhunwala-backed Nazara Tech now a leading gaming company|url=https://economictimes.indiatimes.com/tech/startups/rakesh-jhunjhunwala-backed-nazara-tech-now-a-leading-gaming-company/articleshow/93557003.cms#|website=[[The Economic Times]]|language=en-US|quote=Sportskeeda in esports and esports media}}</ref> It features, news, articles and live coverage of sports such as [[cricket]], [[association football]], [[American football]], [[basketball]], [[mixed martial arts]], and [[professional wrestling]].<ref name="Hindustan">{{cite web |title=Nazara Technologies Wednesday said it has acquired a majority stake in sports content website Sportskeeda.com|url=https://www.hindustantimes.com/business-news/gaming-firm-nazara-acquires-sportskeeda/story-jXi2U3rOZsLfrKLRsgVH2L.html|author=M. Sriram|website=[[Hindustan Times]]}}</ref><ref>{{Cite web |title=Rakesh Jhunjhunwala-backed Nazara Tech now a leading gaming company|url=https://economictimes.indiatimes.com/tech/startups/rakesh-jhunjhunwala-backed-nazara-tech-now-a-leading-gaming-company/articleshow/93557003.cms#|website=[[The Economic Times]]|language=en-US|quote=Sportskeeda in esports and esports media}}</ref><ref>{{Cite web |last=SN |first=Vikas |title=Nazara's Sportskeeda appoints Ajay Pratap Singh as CEO; founder Porush Jain resigns |url=https://www.moneycontrol.com/news/business/nazaras-sportskeeda-appoints-ajay-pratap-singh-as-ceo-founder-porush-jain-resigns-9549331.html |access-date=2023-06-06 |website=Moneycontrol |language=en}}</ref><ref>{{Cite web |title=Sportskeeda appoints Anirudh Kumar as chief strategy officer|url=https://brandequity.economictimes.indiatimes.com/news/the-people-report/sportskeeda-appoints-anirudh-kumar-as-chief-strategy-officer/93752594 |access-date=2023-06-12 |website=Brand Equity The Economics Times |language=en}}</ref> According to the [[Business Standard]], Sportskeeda is Indias largest all-sports website.<ref name="Business Standard">{{cite web |title=Sportskeeda set to cross 40 mn users, 1 bn ad impressions monthly|url=https://www.business-standard.com/article/news-ians/sportskeeda-set-to-cross-40-mn-users-1-bn-ad-impressions-monthly-119030800441_1.html|url-status=live|website=[[Business Standard]]}}</ref>

In 2009, the company was founded by Porush Jain. After a few months, the company raised funding from angel investors like Anshu Prasad and Srinivas Cuddapah with an undisclosed amount.<ref>{{Cite web |last=Ghosh |first=Aparna |title=Online retail: Counting on sports lovers |url=https://www.livemint.com/Companies/PAvZ3lHzFtH6e97hAJ6hOK/Online-retail-Counting-on-sports-lovers.html |access-date=2023-06-06 |website=[[Mint (newspaper)|Mint]]|language=en}}</ref>

In 2011, an early stage venture capital funding company Seedfund invested ₹2.8 crore. This helped Sportskeeda to scale up their operations.<ref>{{Cite web |title=A social way of covering sports |url=https://www.thehindubusinessline.com/economy/A-social-way-of-covering-sports/article20505160.ece |access-date=2023-06-06 |website=[[Business Line]]|author=N. Ramakrishnan|language=en}}</ref> In 2019, Nazara Technologies acquired Sportskeeda and funded ₹44 crore with 67% stake in the sports media, valuing it at ₹65 crore.<ref name="SK" /><ref name="67%" /> In 2020, during [[COVID-19 pandemic]], the company launched two video series ''Freehit'' and ''SKlive''. Freehit is an interview series with sports legends shot at homes of sportspersons while SKLive is a daily web interview series with current and past sports legends.<ref>{{Cite web |last=Sabherwal |first=Simran |title=We want to be lean, yet grow fast: Porush Jain, Sportskeeda - Exchange4media |url=https://www.exchange4media.com/marketing-news/we-want-to-be-lean-yet-grow-fast-porush-jain-sportskeeda-107512.html |access-date=2023-06-06 |website=Exchange4media |language=en}}</ref>

In May 2022, Nazara set up its subsidiary Sportskeeda Inc. in [[Delaware]], US.<ref>{{Cite web |title=Sportskeeda establishes an entity in the US; to invest USD 4 million into operations |url=https://theprint.in/ani-press-releases/sportskeeda-establishes-an-entity-in-the-us-to-invest-usd-4-million-into-operations/973644/ |access-date=2022-11-18 |website=ThePrint |language=en-US}}</ref> In November 2022, Porush Jain resigned as CEO and Ajay Pratap Singh was promoted as the chief executive officer.<ref name="inc42 1">{{Cite web |date=November 17, 2022|title=Nazara-Backed Sportskeeda Founder Porush Jain Resigns As CEO|url=https://inc42.com/buzz/nazara-backed-sportskeeda-founder-porush-jain-resigns-as-ceo/
|author=Chetan Thathoo|website=Inc 42|language=en-US}}</ref> Sportskeeda partnered with [[Dream11]] to produce 8 long-format videos showcasing 8 unsung heroes who have made significant contributions to cricket and supporting many people.<ref>{{Cite web |last=Mahadik |first=Gauresh |title=Dream11 collaborates with Sportskeeda to release new ‘Dream Big’ stories |url=https://sportsmintmedia.com/dream11-collaborates-with-sportskeeda-to-release-new-dream-big-stories/ |access-date=2023-06-12 |website=SportsMint Media |language=en-US}}</ref>

==== Awards and recognition ====
In August 2021, Sportskeeda won Gold award in the ''News Coverage Platform'' (Esports And Gaming) category by Gamexx 2021.<ref>{{Cite web |title=GAMEXX AWARDS 2021 - Real Awards for Real Achiever's |url=http://gamexx-awards-2021.adgully.com/winners.php |access-date=6 June 2023 |website=Gamexx Awards 2021 Initiative by Adgully}}</ref>

== See also ==
* [[Cricbuzz]]
* [[ESPNcricinfo]]
* [[CBS Sports]]

== References ==
{{reflist}}

[[Category:Indian sport websites]]
[[Category:Sport Internet forums]]
[[Category:Sports blogs]]
[[Category:Indian blogs]]
[[Category:Online companies of India]]
[[Category:Sports databases]]
[[Category:Association football websites]]
[[Category:Basketball websites]]
[[Category:Boxing websites]]
[[Category:Cricket websites]]
[[Category:Esports websites]]
[[Category:Mixed martial arts websites]]
[[Category:Swimming websites]]

Nazara Technologies - Revision history

Sus sus amorgus: v2.05b - Bot T5 CW#16 - Fix errors for CW project (Unicode control characters - Duplicated reference)