Acquisition History / Nazara Technologies Ltd / Paper Boat Apps Pvt Ltd (additional 48.42%, to 100%)
Nazara Technologies Ltd Acquires Paper Boat Apps Pvt Ltd (additional 48.42%, to 100%)
Announced July 2024 — $33.9M
What happened
Nazara Technologies bought an additional 48.42% of Paper Boat Apps from promoters Anupam and Anshu Dhanuka in July 2024 for Rs 300 crore, paid in cash in tranches, taking its ownership to 100%. Paper Boat publishes the children's gamified learning app Kiddopia, popular in the US, and reported Rs 219.4 crore of FY24 revenue. Nazara flagged a possible later merger of the subsidiary.
- Acquirer
- Nazara Technologies Ltd
- Target
- Paper Boat Apps Pvt Ltd (additional 48.42%, to 100%)
- Announced
- July 2024
- Price
- $33.9M
- Industry
- Mobile games / gamified learning
- Buyer type
- Strategic acquirer
- Status
- Announced, not yet closed
By the numbers
Frequently Asked Questions About This Acquisition
When did Nazara Technologies Ltd acquire Paper Boat Apps Pvt Ltd (additional 48.42%, to 100%)?
Nazara Technologies Ltd acquired Paper Boat Apps Pvt Ltd (additional 48.42%, to 100%) on July 2024. This was Nazara Technologies Ltd's 1st publicly tracked acquisition out of 1 we have on record.
How much did Nazara Technologies Ltd pay for Paper Boat Apps Pvt Ltd (additional 48.42%, to 100%)?
Nazara Technologies Ltd paid $33.9M for Paper Boat Apps Pvt Ltd (additional 48.42%, to 100%).
What does Paper Boat Apps Pvt Ltd (additional 48.42%, to 100%) do?
Nazara Technologies bought an additional 48.42% of Paper Boat Apps from promoters Anupam and Anshu Dhanuka in July 2024 for Rs 300 crore, paid in cash in tranches, taking its ownership to 100%. Paper Boat publishes the children's gamified learning app Kiddopia, popular in the US, and reported Rs 219.4 crore of FY24 revenue. Nazara flagged a possible later merger of the subsidiary.
What other Mobile games / gamified learning companies has Nazara Technologies Ltd acquired?
Paper Boat Apps Pvt Ltd (additional 48.42%, to 100%) is Nazara Technologies Ltd's only publicly tracked acquisition in Mobile games / gamified learning so far.