Billionaire-Backed Cricket Game Startup Kicks off India's Tech IPO Rush

Monday, 18 January 2021Newsdesk

Nazara Technologies Ltd., the cricket games developer backed by billionaire Rakesh Jhunjhunwala, became the first Indian gaming technology company to seek a market debut as mobile entertainment takes off across the world's No. 2 smartphone arena.

New Delhi, 18 January 2021

As per news report of NDTV, the Mumbai-headquartered startup filed initial public offering documents with market regulator on Friday. Its impending debut on the local exchanges could encourage other Indian startups to tap public markets, after years of explosive growth in mobile and internet usage created giant private firms from Paytm to Walmart Inc.'s Flipkart.

Source -NDTV