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Krafton to deepen bet on India's booming gaming market; eyes talent, ecosystem expansion - The Economic Times

Economic Times

Economic Times · 15h ago

Krafton to deepen bet on India's booming gaming market; eyes talent, ecosystem expansion - The Economic Times

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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Gaming major Krafton to invest another $150 million in Indian startups

Economic Times

Economic Times · 1y ago

Gaming major Krafton to invest another $150 million in Indian startups

Gaming giant Krafton plans to invest an additional $150 million in India, reaffirming its commitment to the Indian gaming market. The investment aims to bolster the gaming ecosystem, develop local talent, and enhance technological infrastructure. Krafton's substantial funding demonstrates its optimism in India's gaming potential and its aspiration to contribute to the growth and innovation of the country's gaming industry. Over the last three years, the firm has invested about $140 million in 11 Indian gaming and content-driven ventures including Nazara Technologies’ unit Nodwin Gaming, Pratilipi, KukuFM and Loco.

KRAFTON's India unit launches inaugural cohort under gaming incubator

IndianStartupNews

IndianStartupNews · 1y ago

KRAFTON's India unit launches inaugural cohort under gaming incubator

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.

Corner Office Conversation: BGMI maker’s plans for new games, India investment

Economic Times

Economic Times · 4m ago

Corner Office Conversation: BGMI maker’s plans for new games, India investment

India's gaming industry is booming with millions of players and substantial investments. Despite regulatory challenges, technological advancements, and shifting player preferences, the sector thrives. Krafton India CEO Sean Sohn discusses with Anirban Chowdhury the company's navigation through bans and regulations, its vision for the Indian market, and a $160 million investment in Indian startups. They explore the impact of AI, the rise of cloud gaming, and the future of gaming in India.

Krafton India backs hyperlocal community app Shuru

Economic Times

Economic Times · 1m ago

Krafton India backs hyperlocal community app Shuru

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.

BGMI maker Krafton chooses India as its biggest bet

Livemint

Livemint · 11m ago

BGMI maker Krafton chooses India as its biggest bet

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.

India gaming market to be more sizable, impactful; looking to invest, acquire: Krafton India CEO

Economic Times

Economic Times · 3m ago

India gaming market to be more sizable, impactful; looking to invest, acquire: Krafton India CEO

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.

KRAFTON India Reveals The Two Startups From Its First Incubation Programme

Inc42 · 1y ago

KRAFTON India Reveals The Two Startups From Its First Incubation Programme

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.

Indian gaming companies enter big league with rising monetisation, global acquisitions

Economic Times

Economic Times · 2m ago

Indian gaming companies enter big league with rising monetisation, global acquisitions

India's gaming industry is thriving, with rising monetisation and global interest in local gaming IPs and talent. Companies like Nazara Technologies are expanding through acquisitions, while investors like Krafton explore Indian gaming opportunities. Non-real money games are gaining traction, with revenue from midcore games increasing. AI is democratizing game development but may heighten monetisation challenges. Despite a recent dip in venture capital, the market holds promise similar to China’s 2008 gaming boom, with growing global recognition.

KRAFTON India launches inaugural cohort under gaming incubator, invests in 2 companies

Thehindubusinessline

Thehindubusinessline · 1y ago

KRAFTON India launches inaugural cohort under gaming incubator, invests in 2 companies

South Korean game developer KRAFTON India has launched KRAFTON India Gaming Incubator (KIGI), aiming to nurture game development talent in India. The program offers mentorship for a duration of six months to a year, along with grants of up to $150,000. Two companies, ReDimension Games and Shura Games, have already been selected for the program. KRAFTON India has committed to investing $150 million over the next few years in Indian gaming and entertainment start-ups. To date, the company has invested $160 million in Indian start-ups.

Krafton’s New Battle Royale Style Game Launched In India

Inc42 · 1y ago

Krafton’s New Battle Royale Style Game Launched In India

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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