Startups funded by Rakesh Jhunjhunwala

Simran Shahid Simran Shahid
May 17, 2021 5 min read
Startups funded by Rakesh Jhunjhunwala

Jhunjhunwala is the chairman of Aptech Limited and Hungama Digital Media Entertainment Pvt. Ltd. and sits on the board of directors of Prime Focus Limited, Geojit Financial Services, Bilcare Limited, Praj Industries Limited, Provogue India Limited, Concord Biotech Limited, Innovasynth Technologies (I) Limited, Mid-Day Multimedia Limited, Nagarjuna Construction Company Limited, Viceroy Hotels Limited and Tops Security Limited.

He is popularly referred to as the "Warren Buffett of India” and the "King of Bull Market".

Jhunjhunwala's stocks fell by up to 30% in December 2011. He recovered his losses in February 2012. These ups and downs forced him to reduce his vulnerability by trimming his portfolio to one-third.

His attempts to divest his Aptech stake had no takers. Jhunjhunwala invested β‚Ή26 Crores (US$3.4 Million) in A2Z Maintenance increasing his stake in the company by 3.57%, upping his stake in the company to 23.2%.

Rakesh Jhunjhunwala startup investment in India
Rakesh Jhunjhunwala startup investment in India

The first big profit of Rakesh Jhunjhunwala was β‚Ή5 lakh in 1986. During 1986 - 1989, he earned almost β‚Ή20-25 lakh profit. As of 2020, his biggest investment is in Titan Company which is worth β‚Ή4,758 Crores (approx. US$600 Million).

Rakesh Jhunjhunwala will start by investing in the start-up scene of India. Mobile gaming firm Nazara Technologies, based in Mumbai, announced the acquisition of minority stake in the company for an estimated $27.99 mins by investor Rakesh Jhunjhunwala (INR 180 Cr).

Investment from Rakesh Jhunjhunwala follows the $51.1 million financing round led in the beginning of this month by the IIFL Special Opportunities Fund. "We are happy to have Rakesh Jhunjhunwala as an investor at Nazara and it is a great validation of the value increases that Nazara delivers to its existing shareholders," said Nitish Mittersain, Managing Director and founder, Nazara Technologies.

Nazara Technologies is a mobile gaming company which acquires, adds value and sells mobile games in emerging markets. It offers massive mobile internet users mobile gaming subscriptions which consist of mainly mobile gamers in Africa, the Near East and Southeast Asia, Latin America and the Indian subcontinent for the first time. Rakesh Jhunjhunwala commented on his investment, "I still look forward to promising businesses that are the pioneers in high vertical growth. In the mobile game market, Nazara is a leading company. Nazara has a clear history of benefit delivery, cash flow, effective capital use and high ROE.

Nutrition startup Fullife Healthcare
Nazara Technologies
Conclusion
FAQs

Nutrition startup Fullife Healthcare

Nutrition startup Fullife Healthcare raises β‚Ή50 crore from Rakesh Jhunjhunwala and other investors.

At its latest round, Fullife Healthcare is the organization that runs the Fast & Up brand for sports nutritional supplements.

The financing comes from established Rakesh Jhunjhunwala and Sixth Sense investors and Amansa Capital's latest investment company Akash Prakash. One of the first supporters of the organization was Jhunjhunwala.

The business is widening its product range with recent investment and also aiming to add new markets, including the United States and Europe. In Italy it is already present.

Nazara Technologies

Rakesh Jhunjhunwala- Nazara Technologies
Rakesh Jhunjhunwala- Nazara Technologies

They are the leading diversified gaming and sports media network in India and developing and developed world markets such as Africa and North America, as well as providing services in the digital gaming, electronic sports and early learning ecosystems.

Mobile gaming company based in Mumbai submitted initial public bids documents on Friday to industry regulators. The business is renowned for the World Cricket and Chhota Bheem and Motu Patlu Championship games. Nazara is one of the largest digital gaming and sports media companies in India.

Nazara Technologies, founded in 2000 by Nitish Mittersain, is a developer and publisher of mobile games offering unique services as the Games Club, and an exclusive dealer for key developers of games like Electronic Arts, for instance. The business operates in Dubai, London, Africa, Singapore and in Mumbai. And it operates in developing markets in 61 more countries.

In India, Nazara has been licensed to use the mobile gaming rights of famous IPs such as Virat Kohli, Hrithik Roshan, Chhota Bheem, Royal Challengers-Bangalore, aand Motu Patlu. As of September 2017, in its network of Games on the Google Play Store, Nazara has been able to download more than 34 minutes of its monthly users, according to Nazara. The company also announced in the same month plans for an IPO of $156.5% by the end of FY18.

The online gaming industry in India estimates to be over $360mn worth, and is expected to rise to $1tons by 2021, according to the Google KPMG report published in May 2017. It is likely that this industry will cross over 310mn gamers throughout the country. The segment's tremendous potential and offered an opportunity to explore several startups. Two more Smaaash and Passion Gaming start-ups have raised $3.8 million and $3.7 million in funding last month.

India makes up approximately 13% of the world's online mobile gaming population, according to the data available. However, while the industry has expanded rapidly in recent years, most firms have faced difficulties in breaking down. In FY17, the company generated revenues in excess of $86 million (INR 550 cr) and income in excess of $10.3 million (INR 66 cr). This investment by Rakesh Jhunjhunwala as an accomplished investor is another confirmation of the profitable and sustainable gaming start-up model.

Conclusion

Nazara has invested and acquired in various gaming categories, including Esport, edutainment and infotainment, sports fantasy, multiplayer games such as carom and mobile crickets, over the years in order to increase its role in the gaming and sports sector. Others are the leading investors, in addition to Jhujhunwala, Plutus Wealth Management, IIFL Special Opportunities Fund.

FAQs

Who is Rakesh Jhunjhunwala?

Rakesh Jhunjhunwala is a business magnate, one of the most renowned and successful stock market investors in India. He has made a great fortune by trading and investing in stocks. He is an inspiration for all those who want to succeed in the Indian Stock Market.

What is the net worth of Rakesh Jhunjhunwala?

The net worth of Mr. Rakesh Jhunjhunwala is estimated to be $3.3 Billion.

What is Fullife Healthcare?

Fullife Healthcare is a startup that sells sports nutrition supplements under the brand Fast & Up.

What is Nazara?

Nazara is a digital gaming and sports media company in India.

Who is the king of share market in India?

Rakesh Jhunjhunwala is known as the King of the Share market in India. He is popularly referred to as the "Warren Buffett of India” and the "King of Bull Market".

Must have tools for startups - Recommended by StartupTalky

Subscribe to StartupTalky

Get the latest insights delivered to you right in your inbox

Great! Next, complete checkout for full access to StartupTalky.
Welcome back! You've successfully signed in.
You've successfully subscribed to StartupTalky.
Success! Your account is fully activated, you now have access to all content.
Success! Your billing info has been updated.
Your billing was not updated.
Grow your Skills and advance your career with LinkedIn Learning ->