Global gaming and media sports company, Nazara Technologies undertook an equity swap of stocks from Kae Capital worth Rs 14.6 crore to become the majority stakeholder in daily fantasy sports platform, Halapay Technologies.
Founded in 2017, Halapay has secured two tranches of investment from Nazara, the first round of investment was carried out with Kae Capital in November 2017 followed by a second round with Delta Corp in March 2019. Nazara includes Sportskeeda, Paper boat apps, Mastermind Sports, Bakbuck, CrimzonCode, InstaSportz, NZWorld among others in its portfolio companies. (Source-PR)
