KRAFTON, Inc., a South Korean gaming company, has announced a significant $150 million investment in India over the next two to three years. KRAFTON is the developer of BATTLEGROUNDS MOBILE INDIA (BGMI), the Indian version of PUBG Mobile. . KRAFTON is dedicated to supporting India’s overall progress and has a focus on developing the gaming and startup environment in the nation.
Since March 2021, KRAFTON has invested over $140 million in 11 cutting-edge firms, positioning it as a major strategic investor in India. The company’s investment approach strives to add strategic value by utilizing its sector knowledge in addition to financial contributions. These investments include a wide range of industries, including deep tech, audio platforms, Esports, multimedia entertainment, content production, and the creator economy.
Sean Hyunil Sohn, CEO of KRAFTON India, expressed enthusiasm at the opportunity to contribute to the country’s startup community and the larger content environment. He stressed how this new investment demonstrates the company’s commitment to fostering India’s growth in these industries and how India has the potential to become a major player on the global gaming and technology scene.
According to Nihansh Bhat, Corporate Development & Venture Investing Lead at KRAFTON, Inc., their investments are carefully selected to complement their skills and enable businesses to prosper. The business wants to build a dynamic portfolio in India that spans several market categories.
Aside from the hugely well-liked game BGMI, KRAFTON has released three other intriguing games in the last 12 months. The Callisto Protocol, Road To Valor: Empires, and Defense Derby are a few of the features that seek to give the Indian gaming community distinctive entertainment experiences while also advancing the gaming sector as a whole. KRAFTON seeks to improve India’s gaming business by investing.
Conclusion:-
South Korean game developer KRAFTON will invest $150 million in India over two to three years. The company is committed to supporting India’s progress and developing the gaming and startup environment. Since March 2021, KRAFTON has invested over $140 million in 11 cutting-edge firms, positioning it as a major strategic investor in India. The company’s investment approach focuses on adding strategic value through sector knowledge and financial contributions. KRAFTON has released three other games in the last 12 months, including Callisto Protocol, Road To Valor: Empires, and Defense Derby, aiming to provide unique entertainment experiences and advance the gaming sector.
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