Krafton pledges $150 for the Indian gaming market and expressed plans to open more investment opportunities.
KRAFTON Pledges $150 Million Investment in India’s Gaming and Tech Industry
South Korean gaming giant KRAFTON, Inc. announced an investment of $150 million over the next two to three years. This move follows the company’s prior infusion of approximately $140 million into 11 pioneering Indian startups since its initial investment in March 2021.
Under the leadership of CEO Sean Hyunil Sohn, KRAFTON India is adopting an India-first strategy designed to bolster the gaming sector. Sohn expressed enthusiasm about this strategic step:
“We recognise the potential of Indian IPs and content to create a lasting global impact,” Sohn remarked.
“Our commitment to injecting an additional $150 million over the next two to three years underscores our dedication to nurturing this growth. We eagerly anticipate achieving new milestones as we endeavour to unlock India’s complete potential as a global gaming powerhouse.”
KRAFTON Making Ripples Across Industries
KRAFTON’s investment ethos transcends financial contributions, encompassing the application of its expertise and experience to provide strategic value in the sectors it engages with. This includes not just game development studios, but also diverse and complementary domains like esports, multimedia entertainment, content creation, and audio platforms.
The company’s recent expansion focuses on the creator economy and cutting-edge technology. Nihansh Bhat, Corporate Development & Venture Investing Lead – India & MENA at KRAFTON, Inc., elaborated on the company’s meticulous investment selection process that aligns with their proficiencies.
“Since 2021, we’ve channelled over $140 million into various startups and are excited about the strides our portfolio companies have taken,” Bhat affirmed. “Our investment momentum remains strong as we work towards establishing a dynamic and evolving portfolio across various segments in India.”
More Investments to Come
Alongside its renowned battle royale game, BATTLEGROUNDS MOBILE INDIA, KRAFTON has unveiled three additional game titles in the past year: The Callisto Protocol, Road To Valor: Empires, and the latest addition, Defense Derby. With forthcoming investments, KRAFTON aspires to redefine India’s gaming landscape, charting a course for new horizons and an enriched gaming experience for players across the nation.
This fresh investment pledge coincides with the trial approval for Krafton’s BGMI (Battlegrounds Mobile India) title, which received the green light to operate in India nearly a year after its initial ban.
