A new venture Game Fund is started by Nazara Technologies, a Indian Company As the name suggest, Game Fund will make investment in games. Seed funding amount is 5cr INR for game developers in India in order to grow the gaming industry in the country.
The company is willing to raise the size of the fund to 5cr INR and expecting some investors to co-invest with it.
The seed fund will invest 25-50 lacs INR in the game development companies, allowing them to have a good start and enough funds to develop the games. Nazara will fund both free-to-play and paid games.
Nazara is a leading mobile games developer and publisher focused on the large mobile consumer base in India and world wide.
We have reached to Nazara and waiting for answers to few questions.
1. How the game funding process will work?
2. When applicant’s can start applying for funding?
3. What will be the judging criteria for games which will be selected
4. Are you also looking to fund high end PC and Console games or only mobile games?
We are waiting for the statement, so come back soon for more updates about this topic, game news, reviews and Pro-Tips.
Posted by: Aatirah