 "Korean firm Krafton invests $5.4 mn in Indian gaming studio Nautilus")
JetSynthesys-owned Indian mobile game development studio Nautilus Mobile has secured a funding of $5.4 million from South Korean gaming company Krafton.
The gaming studio aims to deepen its penetration in more markets across the world and broaden its scope to include a multitude of different sports games in addition to cricket. Krafton’s expertise and experience will enable Nautilus to accelerate their growth in India and improvise the overall gaming infrastructure.
Founded in 2013, Nautilus develops and publishes cricket games. In October 2020, JetSynthesys, a new age digital entertainment and technology company had acquired a 100 per cent stake in Nautilus for an undisclosed sum.
Nautilus currently boasts of more than 100 million downloads and 10 million monthly active users (MAUs).
Rajan Navani, founder and CEO of JetSynthesys and Chairman of Nautilus said, “Krafton has been a key player in the global mobile gaming space and we’re glad to join forces with them to take our Indian studio on to a global stage.”
“Anuj (Mankar) and team Nautilus are amongst our country’s most successful game development teams, having won several awards over the years and taking the company to newer heights. With this partnership we aim to scale Nautilus Mobile’s already robust gaming portfolio bolstering their growth trajectory further,” he added.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%