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KRAFTON India Reveals The Two Startups From Its First Incubation Programme
Inc42
·
1y ago
Medial
South Korean game developer Krafton has announced the first cohort for its Krafton India Gaming Incubator (KIGI). The incubation programme aims to improve the gaming ecosystem in India by providing financial support, mentorship, tools, and guidance to selected startups. Krafton is open to all types of games except real money gaming or those associated with betting or gambling. The incubator has already chosen two startups for the cohort, ReDimension Games and Shura Games, and will provide funding of up to $150,000 for the incubation period. Krafton has committed to investing $150 million in Indian gaming and entertainment startups over the next few years.
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KRAFTON's India unit launches inaugural cohort under gaming incubator
IndianStartupNews
·
1y ago
Medial
KRAFTON has launched the first cohort under its KRAFTON India Gaming Incubator (KIGI). The program aims to support and nurture local gaming talent in India by providing mentorship, guidance, and financial support to develop high-quality game titles. KIGI differentiates itself with KRAFTON's global expertise and commitment to the Indian gaming ecosystem. The incubator already selected two startups, ReDimension Games and Shura Games, and is reviewing applications for a larger second cohort. KIGI offers a support system that includes a mentorship period and grants ranging from $50,000 to $150,000. KRAFTON has invested $140 million in 11 Indian startups.
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Krafton’s New Battle Royale Style Game Launched In India
Inc42
·
1y ago
Medial
Krafton and ZeptoLab have launched Bullet Echo India, a battle royale style multiplayer shooting game available on the Google Play Store. The game has quickly climbed to the top spots in multiple categories since its release. This launch comes shortly after Krafton's introduction of the KRAFTON India Gaming Incubator (KIGI), which has chosen its first two startups for support. Krafton has committed to investing $150 million in Indian gaming and entertainment startups over the next few years. Despite challenges, India's gaming industry shows promise for future growth and opportunities.
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MeitY Startup Hub Investor Connect Programme Coming To Jaipur On March 9
Inc42
·
1y ago
Medial
The Ministry of Electronics and Information Technology (MeitY) Startup Hub will organize the 'MeitY Startup Hub Investor Connect Programme' in Jaipur on March 9. The initiative aims to connect startups with investors to provide funding and scaling opportunities. Over 50 investors and industry experts will assess each startup and provide feedback. The programme will convene 100+ promising startups from 10 zones across India to pitch their ideas. The event will be held at JIC Incubation Centre at JECRC, which is supported by MeitY's Technology Incubation and Development of Entrepreneurs (TIDE) scheme.
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T9L Partners IndiaTech To Incubate 25 Early Stage Tech Startups
Inc42
·
1y ago
Medial
Indian startup studio T9L and industry body IndiaTech have launched QUBE, an early-stage incubation programme for startups. The incubator plans to onboard 25 startups in its first cohort, offering financial support and strategic guidance from experienced founders. QUBE aims to help startups avoid failure by providing a range of services including venture strategy shaping, product supervision, HR support, legal guidance, investment banking, and marketing. The incubator will leverage the startup studio model to offer personalised attention and hands-on support across various verticals.
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BGMI maker Krafton chooses India as its biggest bet
Livemint
·
11m ago
Medial
South Korean gaming company, Krafton Inc, is focusing on India as its largest investment market. Already investing $170 million, Krafton has set aside another $150 million to be used for partnerships, acquisitions, and startup incubation in the Indian gaming and content industry. Krafton's CEO, CH Kim, stated that India has the potential to become the company's biggest market due to its market size and increasing interest in e-sports. Krafton has already invested in Indian companies such as Nodwin Gaming, Kuku FM, and Pratilipi. The company's net revenue for January to March was $483.2 million, with over 60% derived from mobile platforms like Battlegrounds Mobile India.
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Krafton India backs hyperlocal community app Shuru
Economic Times
·
1m ago
Medial
Krafton India, the South Korean company behind Battlegrounds Mobile India, has invested in Shuru, a hyperlocal community platform based in Indore. While the funding amount remains undisclosed, this investment aligns with Krafton India's ongoing commitment to Indian startups, primarily in gaming and entertainment. Shuru, offering location-based social features, serves over two million users across India. Krafton aims to enhance regional engagement and broaden its market reach, capitalizing on India's growing hyperlocal digital ecosystem.
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Meet The 20 Startups Selected For Google’s AI First Accelerator
Inc42
·
12m ago
Medial
Announced in April, the 'Google for Startups Accelerator: AI First' programme received 1,030 applications from seed to Series A startups. The programme is focused on AI-first startups in various sectors such as gaming, manufacturing, healthcare, education, data analytics, and cybersecurity. Selected startups for the accelerator programme include Figr, Kommunicate, Kroop AI, and upliance.ai.
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Flipkart Ventures to fund, mentor GenAI-based early stage startups
Economic Times
·
1y ago
Medial
Flipkart Ventures, the investment arm of Flipkart, has launched its accelerator programme called Flipkart Leap Ahead (FLA). Startups selected for the programme will receive equity investments ranging from $200,000 to $500,000. The FLA programme aims to support and accelerate the growth of early-stage startups. Applications for the programme are open from April 22 to May 26. Selected companies leveraging GenAI in their core solutions will receive equity investments and two months of mentorship from industry experts.
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Krafton enters Indian casual gaming segment with CookieRun, plans $140 million investment in startups
Economic Times
·
7m ago
Medial
Korean gaming company Krafton announced its foray into the casual gaming segment with the launch of CookieRun in India. The game will feature India-themed characters and is tailored for Indian players. Krafton also revealed plans to invest $140 million in Indian gaming and entertainment startups over the next 12-18 months. The company aims to introduce 3-4 new game titles in India by 2025 and will onboard startups through its Krafton India Gaming Incubator (KIGI) program.
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IN-SPACe announces launch of pre-incubation programme for space startups
Economic Times
·
1y ago
Medial
The Indian National Space Promotion and Authorisation Centre (IN-SPACe) has launched a pre-incubation entrepreneurship development programme aimed at supporting early-stage space startups. The programme, called Pre-Incubation Entrepreneurship (PIE), will provide aspiring space tech entrepreneurs with the necessary tools, guidance, and business acumen to transform their ideas into reality. It will target students in technical courses, recent graduates, and early-stage start-ups focusing on space technologies. The 21-month programme will guide participants through phases of ideation, innovation, and prototype development, offering access to industry experts and networking opportunities. The goal is to foster innovation in India's space sector and create job opportunities.
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