News

Indian publisher Nazara invests in mobile cricket games developer Moong Labs

Date Type Companies involved Size
August 14th, 2017 investment Moong Labs
Nazara Games
Not disclosed
Indian publisher Nazara invests in mobile cricket games developer Moong Labs

Indian games publisher Nazara has invested an undisclosed amount in local developer Moong Labs Technologies.

As reported by VCCircle, the studio aims to use the funds to develop its own game engine and make new cricket-based titles.

Moong Labs is known for working on 3D cricket simulation games, releasing free-to-play titles on smartphones and tablets such as Virat Super Cricket and Epic Cricket.

"Incubating studios"

“The global mobile cricket gaming market is underserved within the sports gaming segment, unlike soccer or basketball,” said Nazara Games CEO Manish Agarwal.

“We at Nazara are committed to investing or incubating studios which have shown a strong growth in the mobile cricket game space.”

Nazara has previously made investments in other studios such as London-based TrulySocial and Mastermind Sports. The latter deal saw the Indian publisher obtain a 26% stake in the developer.

As well as cricket games, amongst others, the publisher has also pledged to invest $20 million in the development of an eSports league for India, hosting competitive matches for games such as DOTA 2 and Counter-Strike: Global Offensive.


Senior Editor

Craig Chapple is Senior Editor of PocketGamer.biz. He was previously Deputy Editor at Develop and Online Editor at Nintendo of Europe.

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