Nazara Technologies to invest $1 million in gaming community app Stan

Stan claims to have more than 25 million users and over 1 million creators on the platform.

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26 Aug, 2025 12:21

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Nazara Technologies is investing up to $1 million (Rs 8.7 crore) in gaming community startup Stan for a 1.54 percent stake, as part of its efforts to build a diversified, community-driven gaming ecosystem.

This primary investment comes nearly nine months after the diversified gaming and sports media firm announced a $2.2 million investment in Stan through a secondary transaction in September 2024.

As per the deal, Nazara Technologies' Dubai subsidiary Nazara Dubai is purchasing 37,461 Compulsorily Convertible Preference Shares (“CCPS”) in Stan, which represents 1.54 percent stake in the startup on a fully-diluted basis. With the latest fund infusion, Nazara Dubai’s shareholding in Stan will stand at 14.57 percent.

Started by Parth Chadha, Rahul Singh, Nauman Mulla, and Shubham Gupta in 2022, Stan is a gaming community platform that lets gamers and creators build and monеtisе communitiеs. Users can engage in Stan clubs, participate in tournaments, and win rewards. One can engage with their favourite gaming creators or celebrities through clubs and audio rooms.

Stan claims to have more than 25 million users and over 1 million creators on the platform. It hopes to scale up to 50 million users by next year.

Among the startup's investors include General Catalyst, Bеttеr Capital, blockchain firm Aptos Labs, BitMEX co-founder Arthur Hayes's family office Maelstrom Fund, CoinDCX Ventures, and Coinswitch Ventures. One of the co-founders Shubham Gupta left the firm in April 2024, as per his LinkedIn profile.

Stan reported an annual turnover of around $7.87 million ($7,867,236) for the financial year 2025 (FY25), a significant jump from $1.71 million in FY24.

Last month, Nazara acquired the UK-based game publisher Curve Games for Rs 247 crore to strengthen its gaming business. The company also forayed into the virtual reality gaming space through the launch of Pokerverse VR, a multiplayer poker game for Meta Quest and Apple Vision Pro last week.

Nazara also recently completed the acquisition of Smaaash, the Sachin Tendulkar-backed offline gaming and entertainment brand, for Rs 126 crore through insolvency and bankruptcy proceedings.

Read: Nazara Technologies secures Rs 495 Cr funding from Mithun Sacheti & Arpit Khandelwal-led entity; open offer launched