M&A
Korean gaming giant Krafton acquires majority stake in Nautilus Mobile for Rs.118-Cr
Pune-based JetSynthesys-owned mobile game development studio Nautilus Mobile has been acquired by South Korean gaming giant Krafton’s India arm with an additional investment of INR 118 crore (about USD 13.7 million). With this, Krafton India has increased its shareholding in the creator of the “Real Cricket” game to 75%. This is Krafton’s first acquisition of a controlling stake in an Indian company.Post acquisition, JetSynthesys will remain a “significant minority investor” in Nautilus and continues to work with Nautilus on strategically important areas, especially in esports.Founded in 2013 by Anuj Mankar, Nautilus is known for its titles such as Real Cricket 22 and Real Cricket 24. It also launched the Real Cricket GO, a lighter version of the game for low-end devices.
In Oct 2020, JetSynthesys had acquired Nautilus Mobile. In Feb 2022, Nautilus had raised about USD 5.4 M from Krafton in return for a minority stake.
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