Mumbai Angels Network invests $320,000 in game developer GameEon Studios

India's gaming industry has been growing at a CAGR of 18.6% and is estimated to reach $2 billion by 2023

Mumbai Angels Network said it has invested $320,000 in GameEon Studios, one of the newest entrants in the fast-growing gaming space. The company will utilise the fresh capital to further strengthen its publishing model by establishing a strong distribution network for its mobile-based games, while also hiring senior-level talent to ensure that its upcoming PC game meets international standards. 

GameEon recently announced that they are currently working on an open-world game based in Mumbai titled ‘Mumbai Gullies’. 

Nikhil Malankar, founder of GameEon Studios said, “We have positioned ourselves accurately from the very beginning to ensure maximum growth in the upcoming years.”

He further