KRAFTON Acquires Majority Stake in Nautilus Mobile
This Rs 118 crore majority stake is a step towards Krafton’s commitment towards the ‘Make in India’ campaign and advancing the mobile gaming innovation in the country.
Image via Krafton
KRAFTON announced they have acquired a controlling stake in Nautilus Mobile, a Pune-based game studio that is known to make the Real Cricket franchise. The deal worth Rs 118 crore will reinforce Krafton’s commitment to invest in the growing ecosystem in the country.
Nautilus Mobile have been able to make a name for themselves in mobile sports gaming, and have established a strong brand identity along with a great reputation in making amazing games.
KRAFTON Acquires Controlling Stake in Nautilus Mobile
In 2013, Nautilus Mobile laid down the foundation of creating engaging games and went on to create one of the most popular cricket franchises. In 2020, the gaming studio got acquired by JetSynthesys, which helped them in escalating the growth of the studio and the games they developed. Before KRAFTON’s acquisition, JetSynthesys had invested Rs 40.5 crore in the Pune-based studio.
After KRAFTON’s investment, JetSynthesys will now have a minority stake in the company. Talking about the deal, Sean Hyunil Sohn, CEO, KRAFTON India said:
“At KRAFTON, we are committed to identifying and supporting companies that have the potential to shape the future of game development. As an existing investor in Nautilus Mobile, we have witnessed the company’s impressive growth and its ability to deliver world-class gaming content under Jet Synthesys’s leadership.
“This acquisition is a testament to our long-term vision of making India a global hub for game development. We are excited to deepen this partnership and work together to create world-class gaming experiences that resonate with Indian and global players.”
Anuj Mankar, CEO, Nautilus Mobile also talked about the deal and said:
“We are thrilled to join forces with KRAFTON in this next phase of our journey. Real Cricket, a product made in India for Indians, has the potential to become the first Indian sports game exported globally. With KRAFTON’s global expertise and strong industry network, we’re confident in our ability to elevate the franchise and explore new opportunities in mobile gaming.
“This partnership will allow us to push the boundaries of innovation and expand our reach, while continuing to deliver engaging and high-quality gaming experiences to players worldwide.”
