Freaks 4U Gaming GmbH domiciled in Germany, is a Marketing Services company for Gaming and Esports, delivering its services across the world. Its turnover was EUR 38,251,774 as on 31 December 2023.

While both Nodwin Gaming, a material subsidiary of the company and Freaks 4U Gaming GmbH (Freaks) are marketing services experts in gaming & esports, their strengths are respectively in Mobile & PC based games. However, Nodwin dominates in emerging markets (including India) while Freaks leads in developed markets. With this investment, Nodwin will gain expertise for PC games. Together, Freaks and Nodwin will become even more relevant for Global Consumer Brands and Game Publishers to operate seamlessly across Emerging & Developed markets.

Earlier on 28 December 2023, Nazara Technologies has informed that Nodwin Gaming International (Nodwin Singapore), a wholly owned subsidiary of Nodwin Gaming, material subsidiary of the company, has signed agreements for subscribing to a convertible note of Freaks 4U Gaming GmbH, at a consideration of EUR 3,600,000 (equivalent to approximate Rs 33.26 crore), to be paid in cash.

Nazara Technologies is a diversified gaming & sports media platform with presence in India and across emerging & developed global markets such as Africa and North America. It has offerings across the interactive gaming, eSports, ad-tech and gamified early learning ecosystems including World Cricket

The company’s consolidated net profit jumped 94.3% to Rs 19.82 crore on 12.7% increase in net sales to Rs 297.24 crore in Q2 FY24 over Q2 FY23.

The scrip rose 0.41% ended at Rs 856.85 on Friday, 29 December 2023.