Mittersain: WestBridge Capital invested $3M total across 2005 and 2007
Nitish Mittersain · Nazara Technologies founder on IPO and future of the Company @NazaraGames · Jul 12, 2021 · at 6:38
Nitish Mittersain, founder of Indian gaming company Nazara Technologies, explains the company's early funding history and pivot to profitability.
0:00 / 0:10exact quote · 10.9s
▶ Watch the full episode on YouTube → 720p mp4 · rendered on demand · StarZero watermark
“Westbridge Capital had invested in 2005 and 2007 small amounts of money, 1.5 million dollars each. It raised a total of three million dollars, and by then the company had become profitable.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Nitish Mittersain
Mittersain: In-app purchases will dominate Indian gaming revenue by 2026
“So I think in the next three to five years, you will see in-app being the predominant source of revenues for gaming in India.”
Mittersain: Bootstrapping via slow profit accumulation is no longer the ideal strategy
“So I think strategies may need to change and just trying to run a profitable business today may not be good enough. If the opportunity to scale and create a massive business exists, it was you have investors who are willing to back you. And therefore I think w…”
Mittersain: Indian tech company IPOs will accelerate significantly by 2024
“And in the next two, three years, you will see that accelerate significantly. So I think that bell has been rung, and now you're going to see a long queue of quality companies. And also a lot of groundwork has happened, right, over the last decade. Investors h…”
Mittersain: Nazara gives acquired companies 100% operational autonomy
“The structure that we follow in the friends of Nazara is where we give a hundred percent operational freedom to, you know, the investee companies. And their original founders and management teams should run it as if you know, they own a hundred percent of the …”
Mittersain: PlaySimple exit will kickstart a boom in Indian gaming startups
“Similarly, I think the Play Simple deal will show a lot of Indian entrepreneurs That gaming is coming of age in India. Also, Indian gaming companies can tackle global opportunities, scale globally, and also create immense value over a fairly short period of ti…”
Mittersain: Resolving disputes face-to-face beats fighting to preserve mental energy
“So it's always better to meet up face to face, sort the problem out.
Even if you need to leave something on the table, leave it, but move on.
Because the amount of time you will save on that negative energy and convert it into positive energy will make a world…”