In its most recent funding round, which was led by the SucSEED Indovation Fund, ICE VC, IAN, CD EQUIFINANCE, Nexus Global Opportunities Fund, Vivek Goel, Patni Family, and Tal64, the game development studio GameEon has raised $1 million.
Prior to this, GameEon had raised $500K for market research and product prototyping. It carried out trials in 12 countries and gathered feedback from more than 5,000 players worldwide.
According to a press release from GameEon, the additional funding will be used to expedite the development of AA and AAA games for PC and console as well as the release of the first few chapters of Mumbai Gullies.
Nikhil Malankar and Kaustubh Jadhav co-founded GameEon in 2021. The company specializes in making immersive storytelling and culturally rich experiences for PC, console, and mobile games.
The Mumbai-based company claims to have created video games such as Box Cricket and Kites Mumbai. The platform is also developing Mumbai Gullies, a game that combines game development with deeply ingrained cultural storytelling and is modeled after GTA Vice City.
According to market research, the gaming industry is predicted to reach $300 billion by 2026 and is still growing at a rapid pace worldwide.
