Nazara Tech acquires 15.86% stake in esports community startup STAN for Rs 18.4 crore

Mumbai-based gaming firm Nazara Technologies, through its wholly-owned subsidiary Nazara Dubai FZ, has acquired a 15.86% stake in GetStan Technologies Pte. Ltd (STAN), an esports community platform, for Rs 18.4 crore in an all-cash secondary transaction.

What does STAN do?

Founded by Parth Chadha, Nauman Mulla, and Rahul Singh, STAN is a leading gaming community platform dedicated to creating a vibrant ecosystem for gamers and creators.

As of July 2024, STAN's user base has surpassed 12 million, with over 80% of users coming through organic and referral-based channels.

The platform has shown strong monetization, boasting over 500,000 paying users and a high 30-day retention rate of over 60%.

Its mobile app has gained significant traction, consistently ranking among the top 51 on the Google Play Store with a 4.7-star rating over the past year.

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Leadership comments

“Nazara's investment in STAN strengthens our position in the rapidly growing gaming and esports landscape. STAN’s mobile-first approach and focus on community engagement align perfectly with our vision to become a leading player in the global esports ecosystem. This acquisition allows us to expand our reach while empowering content creators and fostering a stronger gaming community,” said Nitish Mittersain, Founder and CEO of Nazara Technologies.

Parth Chadha, CEO of STAN, said, “Nazara’s investment will be a major boost for STAN, fast-tracking our journey to redefine gaming and esports, communities and help us achieve our vision.”