City
Epaper

BGMI maker Krafton pledges $150 mn investment in India

By IANS | Updated: August 10, 2023 08:10 IST

New Delhi, Aug 10 BGMI game maker Krafton on Thursday pledged $150 million investment in India over the ...

Open in App

New Delhi, Aug 10 BGMI game maker Krafton on Thursday pledged $150 million investment in India over the next two to three years.

The company said it will invest in the gaming and startup ecosystem in the country, focusing on content-based platforms and deep tech.

“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,” said Sean Hyunil Sohn, CEO, Krafton India.

“We believe in the power of Indian IPs and content in making a lasting global impact,” he added.

Since its first investment in March 2021, the company has infused approximately $140 million into 11 innovative startups.

Beyond game development studios, the company’s investments span diverse and complementary sectors, including, Esports, multimedia entertainment, content creation and audio platforms.

In recent months, Krafton has expanded its focus to include the creator economy and deep tech, actively supporting startups in these emerging segments.

“Our investment momentum will continue as we seek to establish a dynamic and evolving portfolio across various segments in India,” said Nihansh Bhat, corporate development and venture investing lead, India and MENA, Krafton.

In addition to BGMI, the company has launched The Callisto Protocol, Road To Valor: Empires, and Defense Derby games in the country.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: congresspitrodadelhimodideepikabjpwest-bengaldeepika-padukoneajay-devgnthakur
Open in App

Related Stories

MaharashtraSanjay Raut Says Sena–MNS Already Together No Need Others Permission

EntertainmentDe De Pyaar De 2 Box Office Collection Day 8: How Much Ajay Devgn, Rakul Preet Singh Film Earned on Its 2nd Friday; Check Day-Wise Earnings Report

NationalDelhi: 15-Year-Old Boy Stabbed to Death in Kardampuri

NationalArms Trafficking Racket Busted in Delhi: 10 Turkey and China-Made Pistols, 92 live Cartridges Seized; 4 Arrested

NationalDelhi Govt Suspends Outdoor Activities in Schools Amid Rising Air Pollution

Technology Realted Stories

TechnologyIITF 2025 creates economic support system for small traders

Technology58 pc GCCs in India investing in Agentic AI, 67 pc creating dedicated innovation teams

TechnologyNew Labour Code on Wages aims to safeguard workers, boost growth and jobs

TechnologyIndia strengthens textile, sericulture ties with Georgia during high-level delegation visit

TechnologyQ2 GDP data, global signals to drive domestic indices this week