For ₹300 crores, Nazara Technologies purchases a further 48.42% of Paper Boat Apps.

Paper Boat Apps is the developer and publisher of popular children’s digital gamified learning app ‘Kiddopia’ which is the #3 grossing app for children between 2-8 years of age in the USAnupam and Anshu Dhanuka, the promoters of Paper Boat Apps Pvt. Ltd. (PBA), have sold an additional 48.42 percent of the company to Nazara Technologies Limited for a sum of Rs 300 crores, to be paid in cash over time.

The popular children's digital gamified learning software "Kiddopia," which is the #3-grossing app for kids in the US between the ages of 2 and 8, is developed and published by Paper Boat Apps.When the time is right, Nazara plans to integrate Paper Boat Apps into the business to bring one of the most well-known kids' gamified learning IPs in the world, Kiddopia, home. By taking this action, Nazara will be able to reap the benefits of robust cash flows that can be used for both inorganic and organic expansion.Nazara purchased a 50.91 percent share in Paper Boat Apps in 2019.