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

CrafttonKnown for titles including Gaming Giants in South Korea PUBG: the battlefield And Battlefields Mobile India (BGMI)12 -year -old has earned a controlling part in the Indian gaming studio Natilus Mobile At $ 14 million in an all-nagd agreement.

On Friday, South Korea’s gaming company confirmed to TechCrunch that it achieved a “75% north of a section” in Nutilus, which is a popular gaming studio for the cricket enthusiast real cricket franchise.

Craftton told TechCranch that the Pune -based studio will continue to work independently after the agreement, which is expected to be closed at the end of the month, and his employees are on the salaries of Nutilas, telling Crafton TechCranch.

Established in the 21st, Natilas has collected millions of downloads for his real cricket franchise, which currently contains five titles, including Real Cricket 24 and Real Cricket Premier League.

Crafton’s aim was to strengthen Natilas’s “main qualification” in the mobile cricket game-where cricket-lovers refine its existing titles in India and explore the new genre in the long run, Crafton India’s CEO Hunil Sohan said in an interview.

“Our development ability to development in Nutlos will help to double its India gaming strategy and together we can probably create more games, more genres, to move on to both the Indian market and the global market,” Nutilus’ CEO told Mankar Techchen.

The company has planned to extend the presence of Nutilus to other geographicals over time.

India’s mobile gaming market driven by a large base of young smartphone users is increasing continuously. Mobile Games Spend the country’s overall gaming industry 77.9% of the total incomeMarket intelligence agency Nico partners. The firm further assumed that the country’s mobile gaming income would rise from $ 1 million to $ 1.8 billion by 2021 in 2021.

Crafton, which was seen 119.3% increase over the year over the year Last year, at around 889 million dollars (KRW 1.3 Trillion) in its net profit, India is viewed as a committed and main market to continue its success. However, most growth from India has come from the flagship title of the battlefield mobile India (BGMI) for local visitors so far, which has hit the highest sales of last year and its all -time and Has exceeded the download of 200 millionThe

Bullet Eco India, Road to Baller and Other headlines including cookirun. However, they have not yet helped to repeat the success story of the Royal Game, the local version of PUBG.

This agreement can help explore new ways of success, including cricket and other sports games to attract Craftton to BGMI and attract new gamers.

In 2020, Indian Digital Entertainment and Technology Company Jetsinthesis Achieve a 100% part Nutilus on mobile. After that was followed by Crafton 5.4 million dollars strategic investment In 2022.

Sohan told TechCrunch that Nutilus’s possibility was the reason for the initial investment, which was limited as a minority stakeholder in supporting the development of Craftton Studios. He said that achieving a controlling part will allow deep cooperation and more involvement in the main development efforts with Natilas.

“We strongly believe that cricket games have a lot of potential. And we want to work with Nutilus, not only in India, but in other cricket countries and other countries, which are becoming more active in cricket,” to make the best efforts to realize the potential of this market, “Cricket is becoming more active in cricket,” Cricketton’s coronation is becoming more active in cricket.

Jetsinthesis Nutilus will have a “significant minority” investor on Mobile and will continue to work with studios in territories including Esports. The company has already worked with the Studios for its original cricket game partnership with the cricket teams, including them Associated with the Indian Premier LeagueIndia is the most profitable cricket tournament in India.

“We have long been earning earning, the user’s base, enhanced, improved, all the general issues and hopes to see the new deals,” Bhat said on how to measure the success of this agreement after the success of this agreement.

So far, Crafton Nutilus has invested more than $ 200 million in India, excluding mobiles.

20% of Crafton’s investment in India is in gaming and gaming-troked companies, though the company also invested in Indian startups with payment platform CashfreeAudio platform Kukuku fmAnd influencer marketing platform An impressionThe It has also backed the funds with gaming-focus Luma And IMP Investment First India FundThe

“We are looking at the opportunity to acquire, medium investment and even business support with significant players in the country,” said Sohan.

Nutilus will join Crafton in 14 more game studios.