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Krafton acquires controlling stake in Indian gaming studio Nautilus Mobile for$14M
Krafton, a South Korean gaming giant, acquired a controlling stake of over 75% in Indian gaming studio Nautilus Mobile for $14 million. Following the deal, Nautilus will remain independent and continue developing mobile cricket games, capitalizing on India's growing gaming market, which is projected to reach $1.1 billion by 2028.
Key points
- Krafton purchased a controlling stake in Nautilus for $14 million.
- Nautilus, known for its Real Cricket franchise, will operate independently with 45 employees.
- The deal aims to enhance Krafton's presence in India's mobile gaming market, projected to grow rapidly.
- Krafton previously invested $5.4 million in Nautilus in 2022 and sought greater collaboration with the acquisition.
- Krafton's revenue from India mainly comes from BGMI, and the deal could diversify their offerings.
Why it matters
- The Indian mobile gaming market has seen significant growth, accounting for 77.9% of total gaming revenue.
- Nautilus's prior acquisition by JetSynthesys demonstrates the competitive and evolving gaming landscape in India.
- Krafton’s ongoing investments reflect a broader trend of foreign investment in India's digital entertainment sector.
Krafton's acquisition of Nautilus Mobile not only strengthens its foothold in the lucrative Indian gaming market but also highlights the potential for growth beyond its flagship titles, paving the way for new gaming ventures in cricket and other genres.