The Future of Gaming: Insights from Nitish Mittersain, CEO of Nazara Tech
Nitish Mittersain, the Joint Managing Director and CEO of Nazara Tech, shares his insights on the future of gaming and the companyโs expansion plans in an interview. Here are the key points:
Ninja Global Acquisition and Global Expansion
- Nazara Techโs subsidiary Nodwin Gaming is on an expansion spree, with recent acquisitions including PublishMe and Ninja.
- The company is laying the foundation for global expansion using its expertise established in India.
- Strong growth is anticipated in FY25 due to these acquisitions.
Growth Trajectory and Revenue Outlook
- Nodwin Gaming and Sportskeeda have been driving Nazara Techโs e-sports business, with impressive growth rates.
- A 39% CAGR from FY23 to FY25 is expected, driven by Nodwin Gaming.
- The company anticipates organic growth as well as growth through acquisitions in the coming years.
Margins and Market Expansion
- Nazara Tech expects improved margins in its e-sports business, particularly Nodwin Gaming.
- Revenues from outside India are set to increase, with a focus on high-growth markets like the US, Middle East, and Africa.
The Future of Gaming and Technological Advancements
- Gaming is experiencing exciting developments such as Web3, digital assets like NFTs, VR, and AI.
- These advancements will revolutionize gaming experiences and consumer engagement.
Potential Expansion in Card Games Space
- Nazara Tech is considering expansion in the card games space, with a conservative approach due to taxation concerns.
- With more clarity and stable frameworks, the company believes this business can expand further.
Hot Take: The Ever-Evolving Gaming Landscape
The future of gaming is full of possibilities, with technological advancements like VR and AI transforming the industry. Nazara Tech, through its strategic acquisitions and focus on emerging markets, is well-positioned for growth. As a crypto enthusiast, you should keep an eye on Nazara Techโs expansion plans and the evolving gaming landscape. Exciting times lie ahead for gamers worldwide! ๐ฎ๐ฅ
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