KRAFTON, a prominent South Korean gaming company known for creating BGMI (BATTLEGROUNDS MOBILE INDIA), has revealed a significant commitment to invest $150 (Rs. 1200 crore) million in India over the next two to three years. This move showcases KRAFTON’s strong dedication to nurturing the gaming and startup ecosystem in the country.
KRAFTON India Investments
KRAFTON’s investments are said to extend beyond game development studios, encompassing diverse sectors such as Esports, multimedia entertainment, content creation, audio platforms, the creator economy, and deep tech.
This strategic approach aims to not only support existing ventures but also drive innovation and push India to the forefront of the global gaming landscape.
By adopting an India-centric strategy, KRAFTON is striving to foster comprehensive growth within India’s gaming industry. The company has already made significant strides in this direction since its initial investment in March 2021.
Notably, KRAFTON has injected around $140 million (Rs. 1028 crore) into 11 innovative Indian startups, positioning itself as a prominent strategic investor within the country.
Commenting on the matter, Sean Hyunil Sohn, CEO, of KRAFTON India said,
We are excited to foster the growth of startup ecosystem in India and are dedicated to having a transformative impact not only in the gaming and tech industry but also in the wider content landscape. 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. We believe in the power of Indian IPs and content in making a lasting global impact, and we are excited to achieve new milestones in our journey to unlock the country’s full potential as a global gaming powerhouse.
Regarding the business objectives of the investments, Nihansh Bhat – Corporate Development & Venture Investing Lead – India & MENA, KRAFTON, Inc. said,
Our strategic investments are carefully chosen to align with our expertise and experience, empowering innovative ideas and startups to thrive. Since 2021, we have invested over $140 million in various startups and are thrilled by the progress our portfolio companies have made. Our investment momentum will continue as we seek to establish a dynamic and evolving portfolio across various segments in India.