ANI
27 Sep 2021, 12:25 GMT+10
Wilmington (DE) [USA], September 27 (ANI/PNN): Phonato Studios, a mobile game development company, has surpassed over 10 million downloads of its gaming titles and achieved an exponential increase in market penetration, especially in the North American market.
Founded by two Jamia Millia Islamia graduates, Faisal Abidi and Raghib Khan, in 2013, the company has witnessed significant growth figures, a remarkable feat for a bootstrapped Indian company in an industry primarily ruled by American, Chinese, and European firms.
The primary factors that have contributed to the success of Phonato Studios are a great team, an intricate understanding of the current gaming market, and the decision of the founders to go the "bootstrap way" from day one while staying true to their vision of delivering the best possible gaming experience. Notably, Phonato Studios - remains entirely debt-free to date, and its game titles have received an average of 4.5 star reviews on Google Play and the iOS App Store.
For both Faisal and Raghib, bootstrapping was a personal resolution. "Being self-funded allowed us a lot of creative freedom and gave our team the opportunity to tinker with ideas. While many investors would have been sceptical about going into games in the pre-pandemic times, we jumped into it head-on because we knew this was a growing market. Now, our offerings have received critical acclaim, and we are well on our way to expanding our product range," said Raghib, the Co-Founder and Director of Phonato Studios.
His fellow Co-founder and Director, Faisal, who also heads the services division of their other business,The duo stepped into the tech services world with RNF Technologies in 2009 after gaining valuable work experiences at AOL and Google. With a 250 international client base using its web development and digital marketing services, RNF Technologies proved to be the perfect springboard for Phonato Studios as well as Resource, an IT staff augmentation firm that boasts of several Fortune 500 companies as its clients. Notably, RNF Technologies has been acclaimed as one of the "Top-Performing App Development Companies for 2021" by Clutch, a reputed market research firm in the USA.
In addition to these ventures, the friends-turned-business partners have interests in the B2B events arena. With excellence and innovation being on top of their agenda, they hope to continue cultivating Indian talent and truly "Make in India" to offer impressive services, products, and experiences to its clients across the globe.
This story is provided by PNN. ANI will not be responsible in any way for the content of this article. (ANI/PNN)Get a daily dose of Moscow Inquirer news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Moscow Inquirer.
More InformationABOARD THE CHARLES DE GAULLE, Philippines: France's nuclear-powered aircraft carrier and its warships arrived in the Philippines over...
DUBLIN, Ireland: Dublin has been ranked as the second most expensive city for apartment construction among ten major European locations,...
DUBLIN, Ireland: Ireland is positioning itself to host a high-profile gathering of European leaders next year, with Tanaiste Simon...
BRUSSELS/LONDON: The European Commission is preparing to ease sustainability reporting requirements for businesses as part of a broader...
DUBLIN, Ireland: Ireland's rental market continued to tighten in 2024, with average rents rising by 5.7 percent over the year, according...
BRUSSELS, Belgium: The European Union is ramping up efforts to secure alternative gas supplies and accelerate its shift to renewable...
BANGKOK, Thailand: Chinese authorities said they started live-fire military exercises in the Gulf of Tonkin this week, just days after...
ABOARD THE CHARLES DE GAULLE, Philippines: France's nuclear-powered aircraft carrier and its warships arrived in the Philippines over...
FRESNO, California: Fresno State suspended two of its top men's basketball players last weekend and removed a third player from the...
WARSAW, Poland: Deputy Prime Minister Krzysztof Gawkowski confirmed over the weekend that Poland has been covering the cost of Ukraine's...
Israel sustained the West's support for its slaughter in Gaza for 15 months only through an intensive campaign of lies. It invented...
WASHINGTON, D.C.: The Pentagon announced this week that it will cut 5,400 jobs as part of President Donald Trump's plan to shrink the...