comScore
Active Stocks
Fri Dec 08 2023 14:34:15
  1. Tata Steel share price
  2. 128.7 -1%
  1. HDFC Bank share price
  2. 1,649.05 1.13%
  1. State Bank Of India share price
  2. 608.45 -0.56%
  1. NTPC share price
  2. 283.15 -0.32%
  1. ITC share price
  2. 449.65 -1.84%
Business News/ Companies / News/  Nazara invests Rs.83.5 cr in India’s largest kids subscription company Paper Boat Apps
Back Back

Nazara invests Rs.83.5 cr in India’s largest kids subscription company Paper Boat Apps

Paper Boat Apps was founded in 2013 by husband-wife duo, Anupam and Anshu Dhanuka
  • The company has acquired a majority stake of 51% at a pre-money valuation of Rs. 154 crore, Nazara said in a statement
  • Nitish Mittersain, founder and MD of Nazara Technologies.Premium
    Nitish Mittersain, founder and MD of Nazara Technologies.

    BENGALURU : Nazara Technologies Ltd., an interactive gaming and digital sports media company, said it has invested Rs.83.5 crore in Paper Boat Apps, a Mumbai-based studio.

    The company has acquired a majority stake of 51% at a pre-money valuation of Rs. 154 crore, Nazara said in a statement.

    Paper Boat Apps is the creator and publisher of Kiddopia, a subscription-based pre-school edutainment app. Till date the app has been downloaded by more than 2.5 million parents around the world and has over 100,000 active subscribers. Nazara has over 20 million monthly active kids playing it's games on Google Play and App store.

    According to Anupam Dhanuka, Co-Founder and CEO, Paper Boat Apps Pvt. Ltd., "This investment will help us grow our team, strengthen our market share in the US and expand to other high value markets such as Latin America, Europe and Japan."

    Nitish Mittersain, Founder and MD, Nazara Technologies Ltd. said Kiddopia "will be leveraged to over 100 million users through the Nazara network".

    Paper Boat Apps was founded in 2013 by husband-wife duo, Anupam and Anshu Dhanuka as a boot-strapped startup to create world class edutainment apps for preschool kids. In July 2017, Paper Boat Apps launched their flagship app, Kiddopia.

    Milestone Alert!
    Livemint tops charts as the fastest growing news website in the world 🌏 Click here to know more.

    Catch all the Corporate news and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
    More Less
    Published: 16 Oct 2019, 07:45 AM IST
    Next Story footLogo
    Recommended For You
    Switch to the Mint app for fast and personalized news - Get App