Gaming platform GameEon Studios has announced that it has received investment from Mumbai Angels Network, startup investment platform.
Nikhil Malankar, Founder – GameEon Studios, stated, “At GameEon Studios, we firmly believe we are building a revolutionary gaming company, which is still at a nascent stage. We have positioned ourselves accurately from the very beginning to ensure maximum growth in the upcoming years. Also, the entire journey of GameEon will be documented on my personal YouTube channel, making it a special one for the entire team.”
He said, “We have an excellent relationship with our existing distributors for games, and we are thrilled to have a marquee investor such as Mumbai Angels Network backing us in our journey. With this funding, we will be tapping into both the domestic and international markets and reach an extended user base. The core idea is to create a robust revenue stream that will support the development costs incurred for the creation of our high-quality games.”
“India’s gaming industry has been growing at a CAGR of 18.6 percent and is estimated to reach $2 billion by 2023. There has been a massive spike in the consumption of gaming content in recent times, which has led to the industry gaining immense traction. We have seen the kind of revolutionary changes that GameEon is bringing to the industry,” added Nandini Mansinghka, Co-founder and CEO of Mumbai Angels Network.
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.