South Korea-based KRAFTON has acquired a controlling stake in Pune-based game development studio Nautilus Mobile for Rs 118 crore.
The acquisition marks KRAFTON's first control deal in India and will allow Nautilus Mobile to tap into KRAFTON's global presence and technology.
JetSynthesys, the majority investor in Nautilus Mobile, will exit the studio, while remaining a minority investor and continuing to work with Nautilus in areas including esports.
KRAFTON has been making significant investments in the Indian gaming space, aiming for $150 million investments and planning to acquire two to three companies in India.