8,083.80-170.0
Stock Analysis, IPO, Mutual Funds, Bonds & More

Nazara Puts Rs 83.5 crore in Paper Boat Apps

​​Paper Boat Apps, founded in 2013 by husbandwife duo Anupam and Anshu Dhanuka, creates edutainment apps for preschool kids.

ET Bureau|
Last Updated: Oct 16, 2019, 08.29 AM IST
0Comments
ThinkStock Photos
invest
Paper Boat Apps is the creator and publisher of Kiddopia, a subscription-based preschool edutainment app that offers an array of interactive games and activities which foster cognitive development.
Bengaluru: Gaming firm Nazara Technologies has invested ₹83.5 crore in Mumbai-based Paper Boat Apps, an independent studio. Nazara has acquired 51% stake at a pre-money valuation of ₹154 crore.

Paper Boat Apps, founded in 2013 by husbandwife duo Anupam and Anshu Dhanuka, creates edutainment apps for preschool kids.

It is the creator and publisher of Kiddopia, a subscription-based preschool edutainment app that offers an array of interactive games and activities which foster cognitive development, self-expression and social-emotional learning.

“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. We also plan to leverage Nazara’s existing network of users to quickly grow in India, Southeast Asia and the Middle East,” said Anupam Dhanuka, CEO, Paper Boat Apps.

Also Read

Nazara plans 20 startup bets in 2020

Nazara invests Rs 7.5 crore in Qunami creator Sports Unity

Nazara invests in regional social contest app Bakbuck

Nazara, Delta Corp invest Rs 40 cr in Halaplay Tech

Comments
Add Your Comments
Commenting feature is disabled in your country/region.

Other useful Links


Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service