Samreen Ahmad · · 1 min readPUBG maker pumps $5.4m into 🇮🇳 gaming studio
Nautilus Mobile, an India-based mobile game development studio, has secured US$5.4 million in funding from Krafton, the South Korean gaming giant.
A gamer playing PUBG Mobile / Photo credit: Sparktour/Wikimedia Commons
This marks Krafton’s first investment in an India-based gaming studio. In 2020, the creator of PUBG had committed to invest US$100 million in India to cultivate the country’s video game, e-sports, and entertainment industries. It has so far invested in gaming platform Nodwin, storytelling startup Pratilipi, audio dating app Frnd, and video game streaming platform Loco.
Nautilus Mobile aims to use the fresh funds to reach more markets across the world and broaden its offerings, looking to develop more games around different sports, in addition to cricket. The firm will also accelerate its growth in India and look to improve the overall gaming infrastructure in the country.
Founded in 2013, Nautilus Mobile develops and publishes cricket games. It was acquired by JetSynthesys in October 2020, a digital entertainment and tech company that continues to hold a majority stake in Nautilus Mobile.
The Nautilus Mobile app has clocked 100 million downloads so far and has 10 million monthly active users.
See also: An SG gaming firm’s breakout moment after years of quiet success
Editing by Collin Furtado and Arpit Nayak
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