Mumbai-based game development studio GameEon has successfully raised $1 million in its latest funding round, co-led by SucSEED Indovation Fund, ICE VC, Indian Angel Network (IAN), CD Equifinance, Nexus Global Opportunities Fund, Vivek Goel, Patni Family, and Tal64. This fresh capital will fuel GameEon’s ongoing projects to develop AA and AAA games for PC and console platforms.
The studio, founded in 2013 by Nikhil Malankar and Kaustubh Jadhav, is focused on creating immersive gaming experiences with a cultural edge. Its upcoming title, “Mumbai Gullies”, is heavily inspired by “GTA Vice City” and aims to blend advanced game development techniques with India’s rich cultural backdrop. The early chapters of “Mumbai Gullies” are expected to be released soon, promising gamers a new level of storytelling and gameplay.
GameEon previously secured $500,000 for product prototyping and market testing, gaining insights from over 5,000 gamers across 12 countries. The latest funding will accelerate the development of “Mumbai Gullies” and other high-profile projects like the 3D shooting game “Special Ops,” which features high-definition graphics and complex gameplay mechanics.
With the global gaming industry projected to reach $300 billion by 2026, GameEon is well-positioned to cater to the growing demand for high-quality games across various platforms, leveraging its unique storytelling and technical prowess.
Summary:
- GameEon raises $1 million to support the development of AA and AAA games, including “Mumbai Gullies,” a culturally rich game inspired by “GTA Vice City.”
- The funding will accelerate the release of “Mumbai Gullies” and other titles like the 3D shooting game “Special Ops.”
- The studio is strategically positioned to capitalize on the booming global gaming market, projected to reach $300 billion by 2026.