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JioCinema and Krafton India partner for Battlegrounds Mobile India series streaming
Startup News FYI
·
1y ago
Medial
JioCinema has teamed up with game development platform Krafton India to live stream the official Battlegrounds Mobile India Series (BGIS). The partnership brings together JioCinema’s streaming capabilities and Krafton’s popular gaming tournament, providing an exciting experience for gamers and enthusiasts.
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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.
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Krafton India backs hyperlocal community app Shuru
Economic Times
·
2m 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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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.
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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.
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BGMI maker Krafton chooses India as its biggest bet
Livemint
·
1y 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 to deepen bet on India's booming gaming market; eyes talent, ecosystem expansion - The Economic Times
Economic Times
·
1m 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.
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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.
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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.
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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.
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JioCinema signs exclusive deal with Pokemon for children's shows and movies
Livemint
·
1y ago
Medial
Reliance's entertainment unit, JioCinema, has signed an exclusive deal with The Pokemon Company, making it the exclusive platform partner for Pokemon's shows and movies in India. JioCinema aims to expand its content offerings and compete with streaming services like Disney and Netflix in the growing Indian streaming market. The deal includes dubbing the content into three Indian languages to cater to a wider audience. JioCinema plans to add around 3,000 hours of children's content, including movies and shows from various production studios.
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