KRAFTON, the renowned South Korean gaming company credited with developing BGMI, has declared its intention to invest $150 million in India over the next two to three years. With India as a top priority, KRAFTON reaffirms its commitment to fostering all-around growth within the country’s gaming and startup ecosystem.
KRAFTON has invested almost $140 million in 11 cutting-edge firms since making its first investment in March 2021, making it one of the most active strategic investors in India during this time. As a result, KRAFTON has significantly aided in the development of the Indian startup scene. KRAFTON focuses on generating strategic value that goes beyond simple financial contributions by utilizing its knowledge and experiences in the markets it invests in.
KRAFTON’s CEO, Sean Hyunil Sohn, emphasizes the transformative potential of Indian IPs and content, envisioning India as a global gaming juggernaut. Nihansh Bhat, Corporate Development & Venture Investing Lead at KRAFTON, reiterates the commitment to nurturing innovation, reflecting on the remarkable strides achieved within the Indian startup landscape.
KRAFTON invests $150 million to support India’s aims in Gaming and Technology
Since making its first foray into the Indian market in March 2021, KRAFTON has played a pivotal role in nurturing the Indian startup landscape. The company’s contributions, totaling approximately $140 million, have been injected into 11 innovative startups, solidifying KRAFTON’s status as one of the most dynamic and active strategic investors in India. However, KRAFTON’s approach goes beyond mere financial backing. It leverages its rich expertise and experiences within the realms of gaming, tech, and content creation, providing startups with strategic value that transcends monetary considerations.
KRAFTON’s investments extend far beyond the realm of game development studios. The company’s visionary strategy encompasses diverse and complementary sectors such as esports, multimedia entertainment, content creation, and audio platforms. Recent months have witnessed KRAFTON’s expansion into the creator economy and deep tech, demonstrating its adaptability and commitment to supporting startups in emerging and transformative segments. This holistic approach aims to foster local talents, nurture innovation, and catapult India into the forefront of the global gaming industry.
A Multifaceted Investment Philosophy: Beyond Gaming Studios
KRAFTON’s investment purview extends far beyond the confines of game development studios. The company’s visionary philosophy encapsulates a diverse range of sectors, including esports, multimedia entertainment, content creation, and audio platforms. Recent months have witnessed a strategic expansion of KRAFTON’s horizons to encompass the creator economy and deep tech, exemplifying the company’s agility and commitment to nurturing startups within emerging and transformative niches. This comprehensive approach resonates with KRAFTON’s commitment to nurturing local talent, fostering innovation, and steering India towards a commanding position in the global gaming landscape.
Unveiling the Vision: Insights from KRAFTON Leadership
Sean Hyunil Sohn, CEO of KRAFTON India, expresses his excitement about being catalysts for the burgeoning startup ecosystem in India while commenting on KRAFTON’s vision for the country. We are not only dedicated to gaming and technology but also poised to leave an indelible mark on the broader content landscape. India’s potential as a global gaming and technology leader is undeniable, and our $150 million investment over the next few years underscores our unwavering commitment to driving this growth. We firmly believe in the transformative power of Indian IPs and content, and we are excited to unlock the country’s boundless potential as a global gaming powerhouse.”
Nihansh Bhat, Corporate Development & Venture Investing Lead for India & MENA at KRAFTON, adds insight into the company’s strategic investments. “Our investment choices are meticulously curated to align with our profound expertise and experiences. Since 2021, various startups have received investments surpassing $140 million within our portfolio, and we are thrilled by the remarkable progress these companies have achieved. This momentum will persist as we strive to cultivate a dynamic and evolving portfolio across diverse segments within India.”
KRAFTON’s Gaming Evolution: Beyond BGMI
While KRAFTON’s flagship game, BATTLEGROUNDS MOBILE INDIA, has captivated audiences across India, the company has expanded its repertoire with the launch of three additional captivating titles over the past year. These titles—The Callisto Protocol, Road To Valor: Empires, and Defense Derby—have been thoughtfully crafted to offer novel entertainment experiences to the Indian gaming community while propelling the broader gaming industry forward. KRAFTON’s unfolding investments are set to bring about a transformative makeover in the Indian gaming landscape, introducing fresh dimensions and enriching the gaming experiences of players across the nation.
By introducing three more compelling games in the previous year, KRAFTON has expanded the gaming industry by incorporating captivating interactions via BGMI, India’s beloved battle royale game. These include the most current release, Defense Derby, as well as The Callisto Protocol and Road To Valor: Empires.
The main goal of these services is to offer the Indian population cutting-edge forms of entertainment while also advancing developments in the gaming industry as a whole. With upcoming investments, KRAFTON will transform the gaming landscape in India, opening up new vistas and improving the gaming experience for players all around the country.
Final Thoughts: A Gaming Renaissance Awaits
KRAFTON’s resolute commitment to investing $150 million in India over the next two to three years serves as a clarion call for India’s gaming renaissance. KRAFTON, with an unwavering belief in India’s potential, is all set to redefine the gaming narrative in the country. By fostering local talents, nurturing innovation, and emboldening startups across diverse sectors, KRAFTON’s vision transcends boundaries and paves the way for India’s ascent to global gaming eminence.
Under KRAFTON’s strategic guidance, innovative startups are flourishing, unravelling the company’s investments, and poised to transform India’s gaming landscape into a vibrant ecosystem. This evolution is positioning itself to ignite creativity, capture the imaginations of players nationwide, and ultimately, revolutionize entertainment. With KRAFTON’s visionary leadership and steadfast investment, India’s gaming future shines brighter than ever before.
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