Mobile game developer Nazara invests in Moong Labs
- Oct 19, 2018
- by Mark H. Whitmore
Mobile game developer Nazara Games, that 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, which changed into based in 2013, develops loose-to-play (F2P) video games for smartphones and tablets.
Moong Labs will use the budget for augmenting its recreation engine and develop video games supplying sensible cricket simulation revel in, much like what football lovers get from mobile video games together with FIFA Football 2004.
Last year, Moong Labs entered into a partnership 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 in a assertion.
“We have constructed proprietary algorithms internal our sport engine as a way to allow us to provide unique visual and auditory experience 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 which have shown a sturdy growth in the mobile cricket recreation area,” stated Manish Agarwal, CEO of Nazara Games.
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In April 2016, Nazara, that’s present in 41 international locations internationally, invested an undisclosed amount in London-based totally mobile video games studio TrulySocial. Prior to 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 last 12 months, VCCircle had mentioned that Nazara is probable to go for a public marketplace listing. If the company comes to a decision to move ahead with the preliminary public provide, it can set the date for a public waft as early as 2018, Nitish Mittersain, founder and handling director, had stated.
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