Krafton acquires controlling stake in Indian gaming studio Nautilus Mobile for $14M

KraftonSouth Korea is known for the game giant Pubg: Battlefields and Battlegrounds Mobile India (BGMI)The 12-year-old Indian gained control stade in play studio Nautilus mobile With a cash with a cash for $ 14 million.

On Friday, South Korean game company TechCrunch-A, Cricket enthusiasts and focal to the actual cricket franchise, “75% Pyrsoltia” in the game studio “75% Pyrsoltiya” has confirmed the TECHCRunch.

According to Krafton’s Techcrunch, Pune Basic Studio will continue to operate independently after the expected agreement to be close by the end of the month.

Founded in 2013, Nautilus began to download millions for real cricket franchise, including real cricket 24 and the Real Cricket Premier League.

Krafton, Nautilus’s “Core Cricket Games” in Core Cricket “Core Skill Games” in Core’s Core Skill Games, Sean Hyunil Sohn, CEO’s Krafton, CEO, said in an interview.

“Our development capabilities in Nautilus will help double reduce the Indian game strategy in Krafton, but also the genre of gambling, but also the global market,” Nautilus CEO Anuj Mankar “for the global market.

The company plans to expand the participation of Nautilus in other geographies over time.

India’s mobile game market is constantly growing by a large base of young smartphone users. Mobile games dominate the country’s total gaming industry with spending, spending 77.9% of total incomeA market intelligence firm Niko partners. The company also evaluates the country’s mobile gaming income from 2028 to $ 640 million in 2028.

Krafton, seeing 119.3% annual growth Last year, in the net profit, about $ 889 million (KRW 1.3 trillion), the prospective and main market to continue their success. However, the majority of growth from India has so far the flagship for local audiences, mobile India (BGMI), which is highest in the last year and Exceeded 200 million downloads.

The company has other headlines, including Bullet Echo India, including India, brave and cookier. However, the success story of the Battle Royale game has not helped to repeat a localized version of the Pubg.

The transaction can help you explore new avenues of success, including Cricket and other sports games to move outside BGMI and attract new players.

India in 2020 Indian Digital Entertainment and Technology Company Jetsynthesys Won 100% share Nautilus Mobile. It followed Krafton $ 5.4 million strategic investment In 2022.

TechCrunch, the potential of Nautilus, although the potential of Nautilus is the reason for initial investments, has found a role of reducing the parties to support the development of the content of Studio. Earning a controlled stake, he said he would allow more in deeper cooperation and basic development efforts with Nautilus.

“We believe that the cricket games are many potential. We want to work with Nautilus to realize the potential of the market, but this potential of the market is really in India, other cricket games and other countries, Krafton in India, TechCrunch.

Jetsynthesys, Nautilus Mobile will remain an “significant minority” investor and will continue to work with studio in areas, including escort. The company has already worked with studio to help the partner of a true cricket game with cricket teams Related to the Indian Premier LeagueThe world’s most profitable cricket tournament in India.

“Over a long time, of course, we will want to look at the growing user base, growing user base, all the usual things,” Bhat, “Bhat,” Bhat, “Bhat,” Bhat, “Bhat” will look after the question of how successful the success of the agreement.

So far, Krafton has invested more than $ 200 million in India, except Nautilus Mobile.

Although Krafton invested 20% investment in India, including the company’s initials, as well as in the beginnings of India, including the beginnings, was in the game and neighboring companies CashboxSound platform Cuckuku FMand affecting the marketing platform An impression. Also, including game-oriented funds are also supported Lumikai and IMM Investment First Indian Fund.

“We are looking for the opportunity to cooperate with prominent, secondary investment, and even the business with prominent players in the country,” he said.

Nautilus will join 14 other game studio Krafton in the world markets.