After Nikhil Kamath, SBI Mutual Fund invests Rs 410 crore in Nazara Tech

Indian gaming giant Nazara Technologies today said it is raising Rs 410 core or $49.2 million in funding from SBI Mutual Fund.

The capital will be invested via three schemes of SBI Mutual Fund, namely SBI Multicap Fund, SBI Magnum Global Fund and SBI Technology Opportunities Fund.

The development comes after it raised Rs 100 crore from Kamath Associates & NKSquared, managed by Zerodha’s founders Nikhil and Nithin Kamath.

The gaming company plans to use the fund to support the company's growth goals, including strategic acquisitions and investments in various entities and gaming funds.