Nirvana Venture Advisors has acquired a 10 per cent stake in online games company, Games2win by providing partial exits to early shareholders. Early investors include Nexus India Pvt Ltd, ICICI Ventures and from a few senior employees of the company.
Nexus and ICICI continue to hold shares in the company. Lead investor Clearstone Venture Partners and SVB Holdings have not divested their shares in this transaction. As part of the transaction, Amit Patni, co-founder of Nirvana Venture Advisors, will join the Games2win Board.
“We have very aggressive expansion plans for Games2win. We are now set to create a large, global, consumer-revenue centric, social mobile gaming play,” said Mr Alok Kejriwal, CEO and Co-Founder of Games2win.
Games2win said their mobile applications crossed the 10 million downloads mark and they have registered over 100 million game plays in just one month.
Source: Business Line