The Ledger
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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: WestBridge Capital invested $3M total across 2005 and 2007
“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.”
Mittersain: Nazara Accumulated ₹200–250 Crore in Profits from 2007 to 2015
“So from 2007 to about 2015, we raised, I mean, not raised, we kind of accumulated profits of about 202 150 crores. And hadn't raised any more capital.”
Mittersain: Nazara generated 460 crore INR in FY21 revenue
“Now in 2021, we've done, I mean, we closed this year with four 60 crores in revenue which was a good growth over the previous year as well.”
Mittersain: Nazara holds 480 crore INR in deployable cash reserves
“The company today has close to 480 crores of reserves that we can deploy to invest in companies.”
Mittersain: Nazara is India's only listed gaming company
“Now also one big advantage we have is that we are the only listed gaming company today in our market.”
Mittersain: Nazara Technologies is valued at around 5,000 crores post-IPO
“We today priced at about 5000 crores.”
Mittersain: Jhunjhunwala sold zero Nazara shares in the IPO
“No, he hasn't. He hasn't sold any shares, and at least in my conversations with him, he generally says, you know, he's invested for the long run with a seven to 10 years you know, annual, because that's the kind of trend he really looks at in terms of gaming b…”