Billionaire-Backed Game Startup Kicks off India’s Tech IPO Rush

(Bloomberg) — Nazara Technologies Ltd. , the cricket games developer backed by billionaire Rakesh Jhunjhunwala, became the first Indian gaming technology company to seek a market debut as mobile entertainment takes off across the world’s No. 2 smartphone arena. The Mumbai-headquartered startup filed initial public offering documents with India’s market regulator on Friday. Its impending debut on the local exchanges could encourage other Indian…

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