This uptick follows the successful completion of a funding round led by Zerodhas co-founders and other prominent investors, which infused Rs 250 crore into the company.Nazara Technologies secured a substantial investment of Rs 250 crore from a funding round led by Zerodhas co-founders-backed Kamath Associates & NKSquared, ICICI Securities, Plutus Wealth Management, Chartered Finance & Leasing, and others. This funding is part of the third tranche of a Rs 750 crore fundraising initiative announced by Nazara in July 2023.The companys board approved the issuance of 28,66,474 equity shares at an issue price of Rs 876.15 each to raise the targeted funds. This includes making strategic acquisitions and investments in various corporate entities, as outlined in the companys filings.Following the funding round, Zerodha co-founder Nikhil Kamaths two firms, Kamath Associates and NKSquared, saw their holdings increase to 3.93 per cent, while Plutus Wealth Managements stake rose to 6.63 per cent. The positive market sentiment is further supported by the companys financial performance, with Q3 FY24 showing a 16.83 per cent growth in revenue from operations, reaching Rs 297.24 crore. Additionally, profits increased by 7.86 per cent to Rs 22.5 crore in the quarter ending December 2023.The companys momentum extends beyond the funding round, as Nazara Technologies received board approval for acquiring a 10.77 per cent stake in Kofluence Tech.