New Delhi, April 2 -- Nazara Technologies, India's only publicly-listed gaming company, aims to scale its game development division's annual revenue from approximately Rs.350 crore in FY23 to Rs.1,000 crore by the end of FY25, by leveraging an Rs.850 crore fund allocated for mergers and acquisitions.

As part of its acquisition strategy, Nazara's game development and publishing arm will target both Indian and global gaming platforms, and increase its contribution to the group's overall revenue, Nitish Mittersain, chief executive, said in an interview.

"In India, we'll look at developers with early-stage IP, while for global firms, we'll look at developers with more scaled-up IP, strong profitability and cash flow. Our idea is to acquire ...