🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
✕
Login
Home
News
Messages
Startup Showcase
Trackers
Premium
Premium Content
Jobs
Notifications
Settings
Try our Valuation Calculator →
Log In
News on Medial
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.
View Source
Related News
After 3-Month Audit, KRAFTON Gets Full Approval To Operate BGMI In India
Inc42
·
1y ago
Medial
South Korean gaming company KRAFTON has received full approval from the Indian government to operate its game Battlegrounds Mobile India (BGMI) in the country. The approval comes after a three-month audit process, and BGMI will now undergo quarterly assessments to maintain approval. This development provides relief to KRAFTON, as BGMI faced regulatory issues in India. The approval comes ahead of the expiration of the three-month trial period granted by the Ministry of Electronics and Information Technology (MeitY) to KRAFTON for the India-only game in May.
View Source
Ranveer Singh joins forces with BGMI as official brand ambassador
Livemint
·
1y ago
Medial
Krafton, the company behind Battlegrounds Mobile India (BGMI), has announced a partnership with Bollywood actor Ranveer Singh. The collaboration aims to celebrate the essence of BGMI players through the Play Pure campaign. Ranveer Singh's charismatic persona aligns with the gaming community's spirit and authenticity. The campaign encourages BGMI players to embrace their uniqueness within the gaming world. Krafton India's CEO, Sean Hyunil Sohn, expressed excitement about the collaboration, while Ranveer Singh noted his affinity for gaming as an extension of his creative expression.
View Source
KRAFTON receives full approval for BGMI in India
Startup News FYI
·
1y ago
Medial
South Korean gaming company KRAFTON has received full approval from the Indian government to operate its popular battle royale game, Battlegrounds Mobile India (BGMI), within the country. This comes after a rigorous three-month audit process aimed at addressing regulatory concerns. BGMI, one of India's top-grossing games, has faced regulatory challenges, but this approval is a significant milestone for KRAFTON. India's gaming market is growing rapidly, with the potential to reach $8.6 billion by FY27, making it an attractive opportunity for global gaming companies.
View Source
India gaming market to be more sizable, impactful; looking to invest, acquire: Krafton India CEO
Economic Times
·
4m ago
Medial
Krafton, the South Korean gaming company behind Battlegrounds Mobile India (BGMI), sees substantial growth potential in India's gaming market, driven by a young population and increasing smartphone adoption. Krafton plans to increase investments beyond the $200 million already allocated and is open to acquisitions in India. The company views India's mobile-first gaming culture as unique and promising, despite the market being relatively small globally. Krafton is optimistic about India's regulatory landscape and seeks partnerships with passionate game developers.
View Source
BGMI hits record sales in 2024, fuels Krafton’s 35.7% YoY mobile revenue growth
YourStory
·
5m ago
Medial
Battlegrounds Mobile India (BGMI) achieved record sales in 2024, contributing to a 35.7% increase in Krafton Inc’s mobile revenue. BGMI now boasts over 200 million downloads, solidifying its role as India’s top battle royale game. Krafton’s overall 2024 earnings reached 2.71 trillion KRW, with a 54% rise in operating profit. CEO CH Kim outlined plans for future growth, including expanding the PUBG universe and new titles, aiming for significant revenue expansion.
View Source
Seema Haider link sparks BGMI ban fears: Report
Livemint
·
1y ago
Medial
Battlegrounds Mobile India (BGMI), the Indian version of PUBG Mobile, is facing uncertainty as concerns about data transfers to Chinese-linked servers resurface. A senior official from the Indian government's cybersecurity division has recommended discontinuing the app due to fears of potential data misuse. The presence of a Pakistani national in India who allegedly connected with someone through BGMI has raised further concerns. BGMI's servers are currently located in the US, but the government wants to ensure data is not transferred elsewhere. Krafton, the company behind BGMI, will have a meeting with government representatives to address these concerns.
View Source
Gaming firm Krafton backs South Korean IMM Investment's maiden India fund
Economic Times
·
9m ago
Medial
Krafton India, the local unit of the South Korean maker of Battlegrounds Mobile India, has become the anchor investor in IMM Investment's maiden India fund. The fund will focus on backing startups across sectors such as consumer tech, SaaS, fintech, gaming, media, and deep tech. Krafton India's strategy includes a fund-of-funds approach, allowing it to tap into high-potential sectors beyond its core focus. So far, Krafton has invested about $170 million in several Indian startups.
View Source
KRAFTON acquires majority stake in Nautilus Mobile for Rs 118 Cr
Entrackr
·
4m ago
Medial
KRAFTON, the company behind BATTLEGROUNDS MOBILE INDIA (BGMI), has acquired a controlling stake in Pune-based game studio Nautilus Mobile for Rs 118 crore ($13.7 million). This is KRAFTON’s first full-control deal in India. Nautilus Mobile is best known for its popular mobile cricket game, Real Cricket. JetSynthesys fully acquired the studio in 2020, and KRAFTON later invested Rs 40.5 crore in 2022. With this acquisition, KRAFTON aims to boost Indian game development and expand its presence in sports gaming. JetSynthesys will remain a minority investor and continue working with Nautilus, especially in Esports. KRAFTON India CEO Sean Hyunil Sohn said this deal will help India become a global gaming hub. Nautilus Mobile CEO Anuj Mankar said the partnership will help Real Cricket grow internationally. KRAFTON has invested over $200 million in Indian startups since 2021 and continues to support local game developers. With India’s growing love for cricket and gaming, this move strengthens KRAFTON’s position in the country’s gaming ecosystem.
View Source
Krafton to deepen bet on India's booming gaming market; eyes talent, ecosystem expansion - The Economic Times
Economic Times
·
22d ago
Medial
Krafton, the South Korean gaming company known for Battlegrounds Mobile India, highlights India as a critical market, among its top five globally by revenue and top three by user numbers. CEO Sean Sohn emphasizes Krafton's commitment to investing in India's gaming ecosystem and nurturing local talent. With over $200 million already invested since 2021 and more to come, Krafton aims to support the country’s growing gaming industry and develop a robust talent pool.
View Source
Krafton leads Rs 29 Cr round in Shuru at Rs 135 Cr valuation
Entrackr
·
2m ago
Medial
For the fiscal year ending in March 2024, Shuru reported Rs 26.84 lakh in revenue and Rs 3.31 crore in losses. It has yet to file its FY25 financials. Shuru, a location-based social networking platform, has raised Rs 29 crore in a fresh funding round, sources aware of the development told Entrackr. South Korean gaming major Krafton has acquired around 16% stake by investing Rs 21 crore in Shuru, according to sources cited above. Founded in 2021 by Mayank Bhangadia and Harsh Chhabra, Shuru has expanded its presence, reaching over 2 million active users across more than 600 cities and 8,000 sub-districts. The platform enables real-time engagement, civic participation, and support for local businesses, with the goal of connecting citizens to their neighborhoods. While Shuru had previously secured backing from investors such as Omidyar Network India, Titan Capital’s Kunal Bahl and Rohit Bansal, Eximius Ventures, and Shastra VC, the investment from Krafton is expected to support its next phase of growth and scaling. Shuru’s regulatory filing with MCA also shows that it is raising Rs 29 crore from Krafton, Omidyar Network, and Eximius Trust. As per Entrackr’s estimates, the firm will be valued at around Rs 135 crore (post money). For the fiscal year ending in March 2024, Shuru reported Rs 26.84 lakh in revenue and Rs 3.31 crore in losses. It has yet to file its FY25 financials. Krafton's interest in Shuru is part of its strategy to invest in Indian startups, reflected in its recent plans to invest over $200 million in the country's gaming and digital sectors. In August 2023, BGMI-maker Krafton committed to invest $150 million in India over the next two to three years. Some of its notable bets include Kuku FM, Cashfree, One Impression, Bobble AI, Pratilipi, and Nautilus, among others.
View Source
Trackers
Active Indian VC’s
OG Capital
Email
With a hands-on approach, OG Capital aims to invest in over 20 promising...
Accel Partners
Email
Early and growth-stage investments in disruptive technology companies with...
Blume
Email
Early-stage venture capital firm investing in technology startups in India. Focus on...
Access All Trackers
Startup Showcase Winners
June 2025
Buddy
Helping your parents when you are miles away
BiteStop
The Pit Stop Your Cravings Deserve
Bloomer
The next generation E-commerce platform
Enter Ongoing Startup Showcase
Top Users
Trending News on Medial
Download the medial app to read full posts, comements and news.
Go to Medial App
Not Now
Know everything that’s happening in the startup ecosystem, first.
Enable Notifications?
No, thanks
Count me in