Mumbai, India – July 11, 2022 – GameEon, a leading game development studio, has announced that it has secured $1 million in its latest funding round. The investment was co-led by a group of prominent investors including SucSEED Indovation Fund, ICE VC, IAN, CD EQUIFINANCE, Nexus Global Opportunities Fund, Vivek Goel, Patni Family, and Tal64.
This fresh funding round is a significant boost to the company, which had earlier raised $500,000 for product prototyping and market testing. GameEon has conducted trials in 12 countries and gathered insights from over 5,000 gamers globally, showcasing the company’s dedication to creating high-quality gaming experiences.
The new funding will be utilized to accelerate the development of AA and AAA games for PC and console, as well as the launch of the early chapters of Mumbai Gullies. This popular game is inspired by the renowned GTA Vice City and will combine game development with deeply rooted cultural storytelling, providing a unique and immersive experience for gamers.
Founded in 2021 by Nikhil Malankar and Kaustubh Jadhav, GameEon has established itself as a trusted name in the gaming industry, specializing in the creation of PC, console, and mobile games. The company has already developed several successful games, including Kites Mumbai and Box Cricket, and is now expanding its portfolio with the release of Mumbai Gullies.
The global gaming industry continues to experience rapid growth, with the market expected to reach $300 billion by 2026, as per market research. This projected growth provides a fertile ground for GameEon to showcase its skills and create engaging gaming experiences for a vast and diverse audience.
About GameEon
GameEon is a Mumbai-based game development studio co-founded by Nikhil Malankar and Kaustubh Jadhav in 2021. The company specializes in creating PC, console, and mobile games, focusing on immersive storytelling and culturally rich experiences.