Krafton, the company behind the popular BGMI game, has announced a substantial investment of $150 million in India within the next two to three years. The focus of this investment will be on enhancing the gaming landscape and startup ecosystem in the country. Emphasizing content-based platforms and cutting-edge technology, Krafton aims to bolster India’s position in the global gaming and tech industry.
CEO of Krafton India, Sean Hyunil Sohn, expressed the company’s belief in India’s potential as a significant player in the global gaming and tech arena. He stated, “Our commitment to invest an additional $150 million over the next two to three years reflects our dedication to fueling this growth.” Sohn also highlighted their confidence in the influence of Indian intellectual properties and content on a global scale.
Since initiating its investment journey in March 2021, Krafton has already injected around $140 million into eleven innovative startups. The company’s investments have extended beyond game development studios, encompassing diverse sectors such as esports, multimedia entertainment, content creation, and audio platforms. Notably, Krafton’s interests have expanded to include the creator economy and deep tech, leading to active support for startups in these emerging segments.
Nihansh Bhat, the lead for corporate development and venture investing in India and the MENA region at Krafton, stated, “Our investment momentum will continue as we seek to establish a dynamic and evolving portfolio across various segments in India.”
In addition to BGMI, Krafton has introduced games like The Callisto Protocol, Road To Valor: Empires, and Defense Derby in the Indian market. The company’s commitment to substantial investment reflects its dedication to both the Indian gaming industry and the broader technological ecosystem.
