Nazara Technologies has acquired a 60 percent stake in Funky Monkeys for Rs 43.7 crore, aiming to enhance its presence in the children's edutainment sector.

Information on the Target

Nazara Technologies has recently acquired a 60 percent stake in Funky Monkeys for a total investment of Rs 43.7 crore. Funky Monkeys is recognized as a leading player in the children's edutainment sector, which encompasses various engaging activities designed to foster learning while having fun. Through this acquisition, Nazara aims to strengthen its foothold in the children's entertainment market by leveraging Funky Monkeys' unique offerings.

This strategic acquisition aligns with Nazara's vision to expand its portfolio within the rapidly growing sector of interactive children's entertainment. Funky Monkeys operates multiple locations that offer enriching experiences for kids, which complements Nazara's existing educational games and platforms, thereby creating synergies that can drive growth.

Industry Overview in the Target's Specific Country

The children’s edutainment industry in India has experienced significant growth in recent years, driven by increasing disposable incomes and a rising awareness among parents abou