Indian gaming firm Nazara Technologies acquires UK-based Curve Games for Rs 247 crore

Mumbai-based gaming and esports company Nazara Technologies Limited has announced the acquisition of 100% ownership in Curve Digital Entertainment Ltd (Curve Games), a UK-based publisher of PC and console games for Rs 247 crore (GBP 21.7 million). 

The company said the strategic move strengthens its presence in gaming, unlocking access to platforms, genres, and geographies in the $100 billion+ global PC and console gaming market. The acquisition is consistent with Nazara’s established business strategy of building a diverse portfolio of businesses through targeted acquisitions across interactive gaming and sports media, the company said.

Curve Games' market presence

Curve Games brings a robust publishing track record, with globally recognized titles that have collectively seen over 100 million downloads. Its presence spans key gaming markets including North America, Asia Pacific, and Europe. 

In the calendar year 2024, Curve generated Rs 263.5 crore (~GBP 24.4 million) in revenue, EBITDA of Rs 114.4 crore (~GBP 10.6 million) and PBT of Rs 49.6 crore (~GBP 4.6 million). 

Nazara said the acquisition aligns with its ongoing efforts to strengthen its global publishing capabilities and follows a series of similar strategic transactions executed over the years.

Curve’s publishing capabilities in the PC and Console space and its diverse portfolio will accelerate Nazara’s global ambitions and enable cross-platform IP development with long-term value creation.

Leadership comments

"Curve’s proven expertise in PC and Console publishing makes them an ideal partner as we expand our focus beyond mobile into high-quality, cross-platform gaming," said Nitish Mittersain, CEO of Nazara Technologies.

"This acquisition deepens our capabilities, brings exceptional IP into our fold, and strengthens our mission in building Nazara as a global gaming powerhouse from India. Curve will also serve as a gateway to the world for Indian game developers," Mittersain added.

Stuart Dinsey, Executive Chairman of Curve Games, added, "Joining the Nazara family is an exciting new chapter for Curve. Nazara’s ecosystem, access to emerging markets and long-term orientation make them a strong strategic partner. We are aligned in our vision of building a leading global indie publishing platform, and we look forward to the next phase of growth together."

Nazara's market presence

Nazara Technologies is India’s only publicly listed gaming company with a diversified portfolio of businesses across interactive gaming, esports and sports media. Its key businesses include Kiddopia, Animal Jam, Fusebox Games (Love Island, Big Brother), World Cricket Championship and Sportskeeda.

The company operates in India, North America, and other global markets. Earlier this month, its subsidiary, Absolute Sports acquired ITRWestling.com and TJRWerstling.net for Rs 10.5 crore. 

While the company is yet to announce its Q4 results, Nazara reported its highest-ever quarterly EBITDA of Rs 52.4 crore for the third quarter of the 2024–25 financial year. Operating revenue reached a record Rs 535 crore, reflecting a 67% year-on-year increase. However, net profit declined by 53.6%, falling to Rs 13.7 crore from Rs 29.5 crore in Q3 FY24.