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Angel Investor (Individual)

Investments

21

Portfolio Exits

1

About Nitish Mittersain

Nitish Mittersain is an angel investor. He is based in Mumbai, India.

Headquarters Location

Mumbai,

India

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Latest Nitish Mittersain News

Listed gaming platform Nazara Tech raises $30 mn

Jan 17, 2024

Nitish Mittersain, joint managing director and chief executive officer, Nazara Technologies Publicly listed online gaming and e-sports company Nazara Technologies Ltd has raised Rs 250 crore (around $30 million) from Zerodha’s co-founder Nikhil Kamath-backed Kamath Associates, NKSquared, and Plutus Wealth Management, which invested Rs 50 crore each. Other investors participating in the round included Chartered Finance and Leasing, ICICI Prudential ESG Fund, ICICI Prudential Flexicap Fund and ICICI Prudential Technology Fund. The company is issuing 28,66,474 equity shares at Rs 872.15 per equity share and a six-month lock-in period. Advertisement Nazara ’s share price slid 3.1% to end Wednesday’s session at Rs 936 apiece on the BSE. It plans to use the fresh funds to invest in funding requirements and for strategic acquisitions, the company said in an exchange filing. This fundraise concludes the company’s planned fundraising of Rs 750 crore that it announced earlier in the ongoing fiscal year. It had previously raised Rs 100 crore from Kamath’s Kamath Associates and NKSquared . With this funding round, Kamath’s shareholding in the company has increased to over 5%. Advertisement Nazara’s founder and chief executive officer Nitish Mittersain said that the company now has Rs 1,500 crore in consolidated cash reserves and is exceptionally well-positioned to pursue both organic growth and strategic acquisitions. Meanwhile, Nazara has picked a 10.77% stake in marketing-tech platform Kofluence Tech Pvt. Ltd. in a secondary transaction worth around Rs 32.4 crore. The company, however, didn’t disclose the name of the parties that made exit with the transaction. Bengaluru-based Kofluence had raised $4 million last year from Kamath, micro venture capital firm Upsparks, Cred founder Kunal Shah, filmmaker Karan Johar, Dharma Productions CEO Apoorva Mehta, Udaan co-founder Sujeet Kumar and Koo co-founder Aprameya Radhakrishna, among others. Advertisement

Nitish Mittersain Investments

21 Investments

Nitish Mittersain has made 21 investments. Their latest investment was in Mykare Health as part of their Seed VC on June 15, 2023.

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Nitish Mittersain Investments Activity

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Nitish Mittersain Portfolio Exits

1 Portfolio Exit

Nitish Mittersain has 1 portfolio exit. Their latest portfolio exit was myHQ on April 05, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

4/5/2022

Acquired

$99M

2

Date

4/5/2022

Exit

Acquired

Companies

Valuation

$99M

Acquirer

Sources

2

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