August 11, 2023
1 min read

BGMI maker Krafton bets big on India

Since its first investment in March 2021, the company has infused approximately $140 million into 11 innovative startups…reports Asian Lite News

BGMI game maker Krafton on Thursday pledged $150 million investment in India over the next two to three years.

The company said it will invest in the gaming and startup ecosystem in the country, focusing on content-based platforms and deep tech.

“We firmly believe in India’s potential as a key player in the global gaming and technology industry, and our commitment to invest an additional $150 million over the next two to three years reflects our dedication to fueling this growth,” said Sean Hyunil Sohn, CEO, Krafton India.

“We believe in the power of Indian IPs and content in making a lasting global impact,” he added.

Since its first investment in March 2021, the company has infused approximately $140 million into 11 innovative startups.

Beyond game development studios, the company’s investments span diverse and complementary sectors, including, Esports, multimedia entertainment, content creation and audio platforms.

In recent months, Krafton has expanded its focus to include the creator economy and deep tech, actively supporting startups in these emerging segments.

“Our investment momentum will continue as we seek to establish a dynamic and evolving portfolio across various segments in India,” said Nihansh Bhat, corporate development and venture investing lead, India and MENA, Krafton.

In addition to BGMI, the company has launched The Callisto Protocol, Road To Valor: Empires, and Defense Derby games in the country.

ALSO READ: Zoom ends WFH for workers

Previous Story

‘YouTube to fuel next-gen creator economy’

Next Story

Demand soars for new Samsung foldables

Latest from Business

RBI Holds Rates, Boosts Outlook

One of the most significant announcements was the upward revision of India’s GDP growth forecast for FY 2025–26—from 6.5% to 6.8% In a move reflecting cautious optimism, the Reserve Bank of India

Nykaa Expands Global Footprint with UK Debut

To commemorate this significant global debut, Nykaa’s leadership hosted an exclusive soiree at the George Club in Mayfair, London Nykaa, India’s leading beauty and lifestyle destination, is set to make a grand

Nothing’s CMF Goes Indian with $100M JV

Company has announced a $100 million joint venture with Indian electronics manufacturer Optiemus Infracom Limited….reports Asian Lite News Smartphone maker Nothing has spun off its budget sub-brand CMF into an independent subsidiary,

Airbnb Boosts India Economy

Among international guests, the largest inbound sources were the United States, United Kingdom, Canada, and Australia Hospitality giant Airbnb made a significant impact on India’s economy in 2024, contributing Rs 113 billion

Rupee, Markets Gain Amid Trade Optimism

Emerging market currencies, including the rupee, have gained support amid softening in the dollar. Reports suggesting that the US economy is on the verge of a recession have contributed to the greenback’s
Go toTop

Don't Miss

Omar Abdullah leads NC’s campaign

It’s a departure from the traditional stronghold in Srinagar for

Expert alarms presence of new Omicron sub-variant in India

The sub-variant is worth “keeping a close eye” on, Thomas