Game development studio GameEon raises $1 Mn

Game development studio GameEon has secured $1 million in its latest funding round co-led by  SucSEED Indovation Fund, ICE VC, IAN, CD EQUIFINANCE, Nexus Global Opportunities Fund, Vivek Goel, Patni Family, and Tal64

GameEon had earlier raised $500K for product prototyping and market testing, conducting trials in 12 countries and gathering insights from over 5,000 gamers globally.

The fresh funds will be used to  accelerate the creation of AA and AAA games for PC and console and launch the early chapters of Mumbai Gullies, GameEon said in a press release.

Co-founded in 2021 by Nikhil Malankar and Kaustubh Jadhav, GameEon specializes in creating PC, console, and mobile games and provides immersive storytelling and culturally rich experiences.

According to the Mumbai-based company, it has developed games like Kites Mumbai and Box Cricket. The platform is also working on the game Mumbai Gullies inspired by GTA Vice City which will combine game development with deeply rooted cultural storytelling.

The market research says that the global gaming industry continues to grow rapidly and is expected to hit $300 billion by 2026.