Mumbai Angels Network, an investment startup venture, invested $320,000 in GameEon Studios on Thursday. It is one of the newest competitors in the fast-growing gaming space. Moreover, The startup company may utilize the resources to strengthen its publishing model by establishing a strong distribution network for its mobile-based games. The company plans to hire senior-level talented employees to ensure its upcoming games meet international standards.
The founder of GameEon Studios, Nikhil Malankar said. We firmly believe we are building a revolutionary gaming company that is still at initial stage. We have positioned ourselves accurately from the very beginning to ensure maximum growth in upcoming years. Moreover, the entire journey of the GameEon company documented on my YouTube channel and making it a special one for the entire team.
Moreover, we have an excellent relationship with our distributors for games. However, we are thrilled to have marquee investors such as Mumbai Angels Network. With these funds, we will be tapping into both domestic and international markets and reach an extended user base. The core idea is to create a robust revenue stream that supports the development costs acquired for the creation of our high-quality games.
GameEon Studios History
GameEon Studios founded in 2013 and claims to have solid growth in the gaming industry. They developed popular games, and the founder Nikhil Malankar has a strong social media presence. He influence to build the company further. The company developed 150 + games including its games and for their clients. Recently, the company announced an open-world game based in Mumbai, ‘Mumbai Gullies’, featured with stunning visuals and gameplay that matches international standards.
India’s gaming industry growing rapidly, and estimated to reach $ 2 billion by 2023. There is a massive spike in the consumption of gaming content and led to the industry’s tremendous adhesion.