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India’s leading gaming company has won a major boost in funding from Google as part of its efforts to bolster its business.
The National Electronic Games Company Ltd (NEGAL) on Monday said it had secured a $1.1 billion investment from the internet giant.NEGAPL said the funds would support the development of the NEGAL platform for games, applications and experiences, and support the expansion of its network of developers.
It also said it was creating a new team to focus on mobile gaming, a market that is growing rapidly with a strong focus on monetization.”NEGAPPL will further strengthen its presence in the mobile gaming industry with new acquisitions and investments,” the company said in a statement.NEPAL, the world’s biggest maker of game engines and digital entertainment, is part of Google’s Play, Android, and Chrome family of mobile apps.NEFAPL, which also makes the Doodles game engine and app, has seen its business expand in recent years to include games for smartphones and tablets.
Google is known for its pioneering Android mobile operating system, but it is also a major player in the gaming business.
It has invested heavily in the video game industry, including in games like Supercell and Riot Games.