Nazara Technologies Limited (NSEI:NAZARA) aims to scale its game development division's annual revenue from approximately INR 3,500 million in FY23 to INR 10,000 million by the end of FY25, by leveraging an INR 8,500 million fund allocated for mergers and acquisitions. As part of its acquisition strategy, Nazara's game development and publishing arm will target both Indian and global gaming platforms, and increase its contribution to the group's overall revenue, Nitish Mittersain, Chief Executive Officer, said in an interview. "In India, we'll look at developers with early-stage IP, while for global firms, we'll look at developers with more scaled-up IP, strong profitability and cash flow.

Our idea is to acquire companies with established gaming IP, and then scale it up. We've identified many opportunities, and are meeting companies actively to see acquisition opportunities".