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Nazara completes its 51% acquistion stake in PaperBoats


Global gaming and media sports company, Nazara Technologies has acquired a majority stake of 51% in the Mumbai-based Paper Boat App by infusing Rs 43 crore. As a part of the deal, Nazara had previously infused Rs 83 crore in Paper Boat in October last year at a pre-money valuation of Rs 154 crore.

Paper Boat Apps creates edutainment apps for preschool kids and is also the creator and publisher of Kiddopia.  (Source-PR)

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