Westbridge Capital Invests USD 1.5 Million in Indian Mobile Games Developer Nazara

Mumbai-based mobile content company Nazara Technologies has raised $1.5 million from leading Indian venture capital firm WestBridge Capital Partners. Nazara Technologies is among India’s fastest growing mobile content company. Nazara develops a wide range of products like mobile games, wallpapers, applications and proprietary 3D mobile technology and the investment will be used to scale up operations.

Mumbai, India (PRWEB) October 19, 2005 -- Mumbai-based mobile content company Nazara Technologies has raised $1.5 million from leading Indian venture capital firm WestBridge Capital Partners.

Nazara Technologies is among India’s fastest growing mobile content company. Nazara develops a wide range of products like mobile games, wallpapers, applications and proprietary 3D mobile technology and the investment will be used to scale up operations.

Commenting on the deal, Nazara Founder and CEO, Nitish Mittersain said, “The mobile content industry in India is set to grow at a scorching pace over the next few years and Nazara is very well positioned in this rapidly expanding market. Our vision for the business is very well aligned with Westbridge and we are looking forward to rapidly implementing our growth strategy.”

Rishi Navani, Managing Director, WestBridge Capital Partners who led this round of financing on behalf of Westbridge comments, “Nazara is addressing a potentially large market for mobile value added services with a differentiated strategy."

About Nazara Technologies
Nazara Technologies Private Ltd (www.nazara.com) is a fast growing mobile content developer based out of Mumbai. The company develops a range of mobile content which includes high quality mobile games, graphics, videos, and audio. Nazara is founded by 26 years old Nitish Mittersain, a well recognized entrepreneur who has held posts such as Chairman of TIE India Mobile chapter as well as Co-chairman of the National IT Committee of the Indian Merchants Chamber.

About Westbridge Capital Partners
WestBridge Capital Partners (www.wbcp.com) is a Mauritius based, leading Indian venture capital fund with approximately $350 million under management. The fund focuses primarily on high growth India domestic services, IT and outsourced services businesses that are leaders in their market segments. WestBridge’s investors include leading university endowments and family foundations. The SUN Group is a strategic partner of WestBridge. WestBridge Capital Partners has offices in Silicon Valley and Bangalore.

For more information, please contact:
Mr. Prem Rathi
Nazara Technologies
Tel: 91-22-22810303, 22813030
Fax: 91-22-22810606
www.nazara.com

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