Liquidity Events
Nazara acquires Planet Superheroes for Rs 4.9-Cr
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Nodwin Gaming Pvt. Ltd., a subsidiary of listed gaming firm Nazara Technologies Ltd., has acquired fellow Mumbai-based direct-to-consumer retailer Planet Superheroes for INR 4.9 crore. The board of directors of Nodwin Gaming has approved the acquisition of 27,987 equity shares of Rs 10 each of Superhero Brands Pvt. Ltd. from existing shareholders, in one or more tranches, aggregating to 100% equity stake for a consideration of Rs 4.90 crore Planet Superheroes is an omnichannel brand that retails licensed character merchandise. The variety ranges from action figures, collectibles, toys for kids, fashion and home accessories, stationery and apparel. The company claims to have serviced more than 2 lakh consumers and shipped over 5 lakh orders since incorporation. The company had reported revenues of INR 4.99 crore in the fiscal ended March 31, 2021, down from INR 8.17 crore in FY20 and INR 7.43 crore in FY19. The deal will allow Nodwin Gaming to offer its users global merchandise from the likes of Marvel and Disney to Hamleys and Toys R Us. The partnership will also expand Planet Superheroes' current offerings to include gaming merchandise from Krafton, Gameloft, Riot Games, etc.
From the Venture Intelligence PE-VC Deal Database: Between Feb-2016 and Apr-2019, Planet Superheroes had raised over INR 20 Cr from AET Fund, DSG Consumer Partners, RB Investments and others (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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