Krafton will invest $150 million in the Indian startup sector over the next two to three years. It had already contributed $140 million since March 2021 to 11 Indian businesses. Focus on content-based platforms and deep tech are key investment areas, along with gaming and related divisions.
KRAFTON, Inc., the leading South Korean gaming company and producer of the BGMI, intends to invest $150 million in India over the following two to three years. As part of its India-first strategy, Krafton will assist the gaming sector’s comprehensive growth in the coming years and invest in the Indian start-up ecosystem. Since its first investment in March 2021, Krafton claim to have made investments of more than $140 million in 11 creative Indian start-ups.
The CEO of KRAFTON India, Sean Hyunil Sohn, stated: “We are pleased to promote the growth of the start-up ecosystem in India and are committed to having a disruptive impact not only on the gaming and tech industries but also on the broader content landscape. Our plan to invest an additional $150 million over the next two to three years indicates our commitment to fostering this growth. We have a strong belief in India’s potential to become a significant participant in the global gaming and technology industries. We are thrilled to reach new milestones in our quest to realise India’s full potential as a global gaming powerhouse because we firmly believe in the ability of Indian IPs and content to have a long-lasting impact on the world.
The goal of Krafton is to create strategic value through the utilisation of its expertise in the markets it invests in, which extends beyond purely financial gains. Beyond game development studios, the corporation has a wide range of allied business activities, including eSports, multimedia entertainment, content creation, and audio platforms.
Recently, Krafton broadened its scope to include deep technology and the creator economy, actively supporting start-ups in these emerging fields. Through this investment, KRFATON aims to foster innovation, cultivate local talent, and propel India to the top of the global gaming market.
“Our strategic investments are carefully chosen to align with our expertise and experience, enabling innovative ideas and start-ups to thrive,” said Nihansh Bhat, Corporate Development & Venture Investing Lead, India & MENA. Krafton, Inc. We have invested more than $140 million in various businesses since 2021, and we are happy with the development of our portfolio firms. As we work to build a dynamic and evolving portfolio across multiple categories in India, our investment momentum will continue.
The Callisto Protocol, Road To Valour: Empires, and the most recent release, Defence Derby, are the other three games that KRAFTON has released in the past year, in addition to India’s popular battle royale game, Battlegrounds Mobile India. By making its planned investments, Krafton claims it hopes to transform the gaming industry in India, opening up new vistas and improving players’ experiences all around the country.