Nazara Goes Shopping Again, Zomato Rethinks Refunds & More

Nazara Goes Shopping Again

Nazara’s acquisition spree continues unabated. The online gaming giant’s US subsidiary, Absolute Sports, will now acquire Titan Insider Digital’s two properties – TJRWrestling.net and ITRWrestling.com – in an all cash deal.

What’s The Gameplan? Nazara expects the deal, pegged at INR 10.5 Cr, to expand its footprint in the US and bolster its position in the combat sports segment, like wrestling. The gaming giant plans to strengthen its existing presence in the region through Freaks 4U, a marketing services firm that works with gaming and esports platforms in the US.

Nazara On A Roll: Ever since Nazara received shareholder nod in February to raise INR 495 Cr via preferential issue, the listed gaming major has been on an acquisition and sell-off spree.

Here is a quick snapshot:

• Last month, Absolute Sports
• In March, it in quiz game Qunami’s parent Sports Unity for INR 7.15 Lakh
• It also bagged board’s approval toto PokerBaazi’s parent for INR 104.33 Cr
• In February, Nazara acquired a majority stake in Mumbai-based for INR 43.7 Cr

Cash Burn Impacts Bottom Line: The gaming juggernaut’s acquisition frenzy has now started taking its toll on its bottom line. Nazara’s consolidated net profit declined 53.5% to INR 13.7 Cr in Q3 FY25 from INR 29.5 Cr in the year-ago quarter.

However, its strategy of creating alternate revenue streams is paying off. The in Q3 FY25.

As Nazara continues to forge ahead with a cavalry of acquisitions, ?

From The Editor’s Desk

: Weeks after launching a policy to make restaurant partners share 50% of refund costs, foodtech major Zomato has now put the policy on hold. This has come at a time when Eternal’s food delivery business is seeing a slowdown.

: The Naukri parent is sitting on an estimated gross IRR of 36% from its startup investments. The Zomato and PB Fintech-backer said that it has so far invested INR 3,959.16 Cr in startups, which today has a fair market value of INR 36,855.40 Cr.

The craft beer brand has delayed interest payments to some of its debt investors amid a liquidity crunch. The lenders allege that they haven’t received payouts for the months of March and April for investments made via KredX.

The used car marketplace reported an 85% jump in its net profits to INR 46.1 Cr in Q4 FY25 from INR 24.9 Cr in the year-ago quarter. The company’s operating revenue climbed 17% YoY to INR 169.5 Cr in the quarter under review.

The transport-as-a-service startup has raised the capital in its Series C round, co-led by Fullerton Carbon Action Fund and Shift4Good. The startup provides employee transportation solutions to companies.

The GenAI startup’s new AI model supports 11 Indian languages, including Punjabi, Marathi, Odia, Tamil and Bangla. The startup has been picked by the Centre to build India’s first indigenous LLM under the IndiaAI mission.

The Delhi HC has barred the EV ride-hailing startup and related entity Gensol from creating third-party rights over 220 additional EVs for defaulting on loan payments. Meanwhile, SAT has against SEBI’s order that alleged that its promoters diverted funds.

: The kids-focussed D2C snacking brand has raised INR 20 Cr in its Pre-Series A funding round led by Fireside Ventures. Troovy offers children-focussed nutritious snacking items like ragi and makhana chips, milk mixes, among others.

Inc42 Startup Spotlight How smallest.ai Is Redefining Human-AI Interactions

As GenAI mania grips the world, enterprises are seeing value in deploying the emerging technology to enhance efficiency, productivity and save cost. While most SaaS players are ushering in this paradigm shift by embedding AI in existing software tools, what sets smallest.ai apart is its novel “voice-led” approach.

Bridging Human-AI Gap: Founded by Akshat Mandloi and Sudarshan Kamath in 2024, the startup offers two types of voice agents – Waves and Atoms. The former is an AI voice platform for text-to-speech and voice cloning, and can generate 10 seconds of speech in just 100 milliseconds. The latter is a real-time AI voice agent, which can be integrated with business operations to automate tasks such as customer support and lead generation.

5K+ Clients & Counting: Backed by the likes of 3one4 Capital and Upsparks Capital, smallest.ai currently serves 5K+ small and medium businesses and enterprises across India and the US.

But, with deep-pocketed rivals on the prowl,

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