Krafton buys majority stake for Rs 118 after Jetsynthesys Part exits Pune-based Nautilus Mobile
Krafton, a Korean gaming giant ₹With an estimated 1.18 million, the deal will exit Jetsynthesys parts.
Following this deal, Adar Poonawalla and Sachin Tendulkar-backed Jetsynthesys will remain a significant minority investor in the company and continue to work with Nautilus Mobile in strategically important areas, especially in the esports space, the company said in a statement.
Under the terms of the transaction, Krafton will hold a 75% stake in Nautilus and an employee ESOP, accounting for a 6% stake in Jetsynthesys.
Crafton’s first control deal in India
This marks Krafton’s first control agreement in India, although it has invested in other Indian companies such as esports company Nodwin Gaming, a subsidiary of publicly listed Nazara Technologies, audio streaming platform Kuku FM and content platform Pratilipi, to bid for a move beyond gaming products.
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Crafton India CEO Sean Sohn told Krafton India CEO Sean Sohn told India that India could be a bigger talent provider in terms of game development. We have a huge team here. We want to build development capabilities from India and determine that Nautilus is the best team in the country. ” Mint In the interview.
However, this is not the first time Crafton invests in Nautilus. Battlegrounds Mobile India (BGMI)’s South-Korean manufacturer and Playerunknown’s Battlegrounds (PUBG) invested earlier ₹Indian digital entertainment and technology company Jetsynthesys acquired 100% stake in Nautilus Mobile, which acquired Rs 405 crore in 2022.
“As an existing investor in Nautilus Mobile, we have witnessed the impressive growth and ability of the company to deliver world-class gaming content under Jetsynthesys,” Thorne said. “This acquisition is a testament to our long-term vision, even if India becomes a global gaming development hub. We are excited to deepen this partnership and work together to create world-class gaming experiences that resonate with Indian and global players.”
The new deal will enhance synergy between the two companies by combining Nautilus Mobile’s expertise in sports gaming with Krafton’s global resources and technical capabilities. Nautilus has a strong IP and established user base, which will also allow Krafton to deepen its influence in esports and publishing efforts in the country.
Founded in 2013 by Anuj Mankar, Nautilus Mobile claims to be one of the most powerful franchises in the mobile cricket gaming space, with a record of providing an engaging and immersive gaming experience, expanding the market and creating new opportunities for Indian game developers.
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With India becoming a major player in the global gaming sector and one of Krafton’s top 5 contributing markets, the gaming giant plans to further develop its operations in the country by investing in local studios, Cutting Edge Game Development and other innovative gaming experiences.
Historically, over the past four years, Crafton has invested more than $200 million in several Indian startups in interactive entertainment, gaming, esports and technology. It may want to explore partnerships, acquisitions, or even entrepreneurial models to increase its operations in India.
