Nazara Games invests in Moong Labs (April 2016)
Mumbai. April 21, 2016: India’s premium and largest mobile game developer; Nazara Games today announced its investment in Moong Labs, a leading developer and publisher of free-to-play (F2P) games for smartphone and tablet devices. Nazara has invested an undisclosed amount………………………………. In Moong Labs after a recent investment in Mastermind Sports and London based gaming studio Truly Social.
Moong Labs had recently entered into a partnership with Nazara Games to develop a 4D Cricket Game on Virat Kohli, the current Indian Test captain, and one of the top cricketer in the world. The game was based on a realistic simulation Cricket game engine developed by Moong Labs. (can we talk about number of download’s/ how well the game did)
According to Manish Agarwal, CEO of Nazara Games, “Looking at the successful partnership with Moonglabs July last year and with the success of our 4D Cricket Game on Virat Kohli, we are now looking at further strengthening our partnership and investing an undisclosed amount in Moong Labs. We are confident that this partnership will bring new, innovative and delighted content for the Indian gaming audience. We believe in their team’s idea of ‘not just making a game but changing gaming’ is what excites us and motivates us to making this investment in their conviction.”
Moong Labs was able to establish a dominant position in Nokia Marketplace as a top publisher immediately after starting operations, and has since transitioned successfully into smartphone and are now building expertise in emerging technologies, such as, Virtual Reality and Augmented Reality based games
Commenting on the investment the Head of Mobile Gaming at Moong Labs, Samit Babbar said “
About Moong Labs
Moong Labs is a leading developer and publisher of free-to-play (F2P) games for smartphone and tablet devices. Founded in 2013, Moong Labs is based in Noida, India. Moong Labs develops games for all the major mobile platforms including iOS, Android and Windows Phone. Moong Labs has team of highly talented and creative individuals with a passion for gaming and mobile technologies. For more information, please visit http://www.moonglabs.com