Krafton, the company behind PUBG, has invested $5.4 million in Nautilus Mobile, a mobile game development firm owned by JetSynthesys.
BENGALURU: PUBG creator Krafton has invested $5.4 million in Nautilus Mobile, a mobile game development business located in Pune, which is owned by JetSynthesys. With this money, Nautilus hopes to expand its reach into new regions and expand beyond cricket to include a variety of other sports activities.
Nautilus Mobile, which was founded in 2013, is the world’s most popular simulation-based cricket gaming brand, with over 100 million downloads. JetSynthesys, a digital entertainment and technology business, announced the 100% purchase of Nautilus Mobile in October 2020.
The mobile gaming sector in India is expected to increase from $1.5 billion in sales in 2020 to $5 billion by 2025, according to a research. “With the tremendous uptake of mobile gaming in India, fuelled further by the epidemic,” Rajan Navani, Founder & CEO of JetSynthesys and Chairman of Nautilus, stated, “the industry has reached an intriguing crossroads and we are all enthusiastic to jet speed into the future.”
Krafton has long been a major player in the world of mobile gaming.
PUBG Studios, Bluehole Studio, Striking Distance Studios, RisingWings, Dreamotion, and Unknown Worlds are all part of the corporation. “Krafton is ecstatic to invest in Nautilus as the first game production company in India with whom we share a same aim of producing more unique sports gaming experiences for a passionate cricketing Indian audience,” said Sean Hyunil Sohn, Krafton’s India head.
JetSynthesys will retain a controlling share in the firm following this financing. JetSynthesys has established itself as a significant brand in the gaming industry, specialising in high-fidelity mobile games and network play across its own titles.
By 2025, the mobile gaming business will be worth $5 billion.
By 2025, India’s mobile gaming sector will have grown from $1.5 billion in sales in 2020 to $5 billion. PUBG Studios, Bluehole Studio, Striking Distance Studios, RisingWings, Dreamotion, and Unknown Worlds are all part of Krafton, a major player in the worldwide mobile gaming market.
