BGMI maker Krafton commits to investing $150 million in India
1 year, 4 months ago

BGMI maker Krafton commits to investing $150 million in India

Live Mint  

South Korean gaming company Krafton has committed to investing $150 million in the next 2-3 years. Krafton CEO Sean Hyunil Sohn said that the proposed investment by the BGMI maker will help foster the growth of the startup ecosystem in India and have a transformative impact on not just the tech or gaming industry but on 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” the Krafton India CEO added. Krafton has already invested around $140 million through various Indian startups since 2021 and the current investment will take the company's total investment in the country to $290 million.

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History of this topic

BGMI Maker Krafton launches $150k ‘gaming incubator’ programme in India. Here's what you should know
1 year, 2 months ago

BGMI Maker Krafton launches $150k ‘gaming incubator’ programme in India. Here's what you should know

Live Mint  

BGMI maker Krafton has started a new initiative called the KRAFTON India Gaming Incubator in a bid to stimulate and expand the gaming ecosystem in the country. Krafton's KIGI programme will last from six months to a year and will support around 6-10 teams annually by mentoring them and providing them with access to the company's internal resources including data …

Krafton launches a dedicated esports channel in India: Know more
1 year, 7 months ago

Krafton launches a dedicated esports channel in India: Know more

India TV News  

Krafton, a South Korean video game developer has announced the launch of its esports YouTube Channel and Instagram page for India. This move comes after the successful return of its popular video game, Battlegrounds Mobile India, which was granted a three-month trial by the Indian government. In a statement, the company announced the launch of "Krafton India Esports," a dedicated …

india registers 100 million users for Battlegrounds Mobile India
2 years, 5 months ago

india registers 100 million users for Battlegrounds Mobile India

The Hindu  

India-specific battle royale game, Battlegrounds Mobile India, has touched 100 million registered users in the country. Made by the South Korean game developer company, Krafton, the BGMI came into existence for users in India last year in July after government banned PUBG because of its Chinese origin. In the last year, Krafton invested nearly $100 million to improve India’s local …

BGMI makers Krafton partners Solana Labs for blockchain based games and services
2 years, 9 months ago

BGMI makers Krafton partners Solana Labs for blockchain based games and services

Live Mint  

Krafton Inc., creators of the popular battle royale game, Battlegrounds Mobile India today, announced the signing of a business agreement with Solana Labs to support the design and marketing of blockchain-based games and services. Last month, Krafton announced that it will get into the web 3.0 and NFT businesses based on its game development capability and operation experience acquired from …

BGMI makers Krafton invests in this online romance startup. Know its plans
3 years ago

BGMI makers Krafton invests in this online romance startup. Know its plans

Live Mint  

FRND, a Bengaluru-based audio romance and friend discovery startup, has raised $6.5 million in Series A funding round led by South Korean gaming giant Krafton, the makers of the popular battle royale game, Battlegrounds Mobile India. It allows youngsters to connect with each other through live-streamed formats like FRND Dating and audio games like Raja Rani Chor Police, Voice Match …

PUBG's Developer Krafton Invests Rs 164 Crores in India's E-Sports Company Nodwin Gaming
3 years, 9 months ago

PUBG's Developer Krafton Invests Rs 164 Crores in India's E-Sports Company Nodwin Gaming

News 18  

E-sports company Nodwin Gaming on Tuesday said South Korea’s Krafton has invested Rs 164 crore and picked up minority stake in the company. Rakesh Jhunjhunwala-backed Nazara had invested into Nodwin Gaming in 2018 and this investment has created a value in excess of 6.44X in three years, Nodwin Gaming co-founder and Managing Director Akshat Rathee told PTI. Changhan Kim, CEO …

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