South Korean gaming giant KRAFTON's India arm has increased its stake in Nautilus Mobile with an investment of INR 118 Cr ($13.7 Mn).
With this, KRAFTON now holds a controlling stake of 75% in Nautilus Mobile, the creator of the 'Real Cricket' game.
KRAFTON India plans to continue investing in Indian gaming startups as part of its expansion strategy, aiming to capture a significant share of the market.
The Indian gaming sector generated approximately $3.8 Bn in revenue in fiscal year 2023-24.