Mobile game developer Nazara invests in Moong Labs

Mobile game developer Nazara Games is operated through Nazara Technologies Pvt. Ltd has invested an undisclosed amount in Moong Labs Technologies Pvt. Ltd, a developer of 3-D cricket simulation games. Noida-primarily based Moong Labs, established in 2013, develops loose-to-play (F2P) video games for smartphones and tablets.

Moong Labs will use the budget to augment its recreation engine and develop video games supplying sensible cricket simulation, much like what football lovers get from mobile video games together with FIFA Football 2004. Last year, Moong Labs partnered with Nazara to publish cell cricket video games Virat Super Cricket and Epic Cricket.

Nazara to publish cell cricket video games Virat Super Cricket and Epic Cricket. “Immersive enjoy calls for proper and practical simulation, and that is what we aim to deliver to cricket lovers,” Samit Babbar, head of cell gaming at Moong Labs, said. “We have constructed proprietary algorithms internal our sports engine to allow us to provide unique visual and auditory experiences on cellular devices,” said Babbar.

“The global cellular cricket gaming market is underserved in the sports activities gaming segment, unlike soccer or basketball. We at Nazara are committed to making an investment or incubating studios that have shown sturdy growth in the mobile cricket recreation area,” stated Manish Agarwal, CEO of Nazara Games.

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In April 2016, Nazara, present in 41 international locations, invested an undisclosed amount in the London-based, totally mobile video games studio TrulySocial. Before that, it picked up a 26% stake in another London-based totally cell gaming studio, Mastermind Sports, which released CricBet, a real-time prediction recreation.

In November, in the last 12 months, VCCircle mentioned that Nazara is probably going for a public marketplace listing. If the company decides to proceed with the preliminary public provide, it can set a date for a public waft as early as 2018, Nitish Mittersain, founder and handling director, stated.

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