**Krafton Acquires Controlling Stake in Nautilus Mobile**
Krafton, the South Korean gaming giant, is set to acquire a controlling stake in Pune-based Nautilus Mobile for ₹118 crore. This deal, expected to be finalized by March 28, 2025, will see Krafton holding approximately 75% of Nautilus, while JetSynthesys, backed by Adar Poonawalla and Sachin Tendulkar, will retain a significant minority stake and continue collaborating on key strategic initiatives, particularly in Esports.
### Krafton’s First Control Deal in India
– **Investment Overview**: Krafton’s acquisition marks its first controlling investment in India, following previous investments in companies like Nodwin Gaming, Kuku FM, and Pratilipi.
– **Strategic Vision**: Krafton aims to enhance its development capacity in India, recognizing the country as a potential hub for gaming talent. Sean Sohn, CEO of Krafton India, stated, “We wanted to build development capacity from India and identified Nautilus as one of the best in the country.”
### Previous Investment in Nautilus
Krafton previously invested ₹40.5 crore in Nautilus in 2022, shortly after JetSynthesys acquired a 100% stake in the company. Sohn noted, “As an existing investor in Nautilus Mobile, we have witnessed the company’s impressive growth and its ability to deliver world-class gaming content under JetSynthesys’ leadership.”
### Strengthening Synergies
The acquisition will enhance the collaboration between Krafton and Nautilus Mobile, merging Nautilus’s expertise in sports gaming with Krafton’s global resources and technological capabilities. This partnership is expected to deepen Krafton’s presence in Esports and publishing in India.
**Conclusion**: How will this acquisition impact the future of gaming development in India?
### FAQ:
**What is the significance of Krafton’s acquisition of Nautilus Mobile?**
Krafton’s acquisition signifies its commitment to expanding its footprint in India’s gaming industry, enhancing collaboration in Esports, and leveraging Nautilus’s expertise to create world-class gaming experiences.