Mumbai-based Nazara Technologies has become India's first gaming technology startup to seek a market debut as it filed Initial Public Offering (IPO) documents with the market regulator. Backed by billionaire business magnate Rakesh Jhunjhunwala, Nazara was founded in 2000 by gamer Nitish Mittersain when he was a college undergrad. He started Nazara with ₹3 crore borrowed from friends and family.