India, June 27 -- Gaming major Nazara Technologies has invested INR 4.74 Cr in two international gaming VC funds.

In an exchange filing, the company said that it has infused $300K (about INR 2.6 Cr) in Play Venture Fund III and $250K (about INR 2.14 Cr) in F4 Venture Fund I.

Notably, both the funds are focussed on early-stage gaming startups. Nazara made the investment as a limited partner.

The investment comes over a year after Nazara's board, in May 2024, gave its in-principle approval for investing up to $2 Mn (about INR 16.6 Cr) in Play Venture Fund III and up to $250K (about INR 2.1 Cr) in F4 Venture Fund I.

"Both funds are recognised as leading global venture capital funds in the gaming sector. These investments will be allocate...