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The company recently announced its entry into space technology and drone manufacturing, marking a strategic diversification beyond its core avionics business.
The round also saw participation from Inflection Point Ventures, LetsVenture, FE Securities, along with existing investors Venture Catalysts and Lead Angels.
Government has been trying to ensure that the supply of petrol, diesel and gas is not affected much and common families of the country face minimum inconvenience: PM
As part of the deal, Nazara will acquire an initial 50% stake in the two companies for USD 100.3 million (around INR 918 crore), with USD 59.7 million payable at closing and the remaining within six months.