South Korean gaming giant Krafton has announced its plans to infuse an additional $150 million into India’s gaming industry within the next 2-3 years. This commitment is a significant boon to the local gaming ecosystem, arriving roughly three months after Krafton received approval to trial its popular battle royale game in the South Asian market, following two previous bans.
Strong Support for Indian Startups and Gaming Scene
Krafton recently invested about $140 million in 11 Indian startups and the gaming ecosystem. Over the past three years, they have supported entities like Nodwin Gaming, Loco, Pratilipi, and Kuku FM. Krafton plans to use the new funds for gaming and entertainment startups. The company is satisfied with its Indian portfolio startups, observing substantial revenue growth and subsequent funding rounds.
Long-Term Commitment to India’s Startup Landscape
Krafton strongly commits to India’s thriving startup ecosystem. The company acknowledges that market conditions and consumer sentiment impact performance. Krafton affirms continuous support for these startups, reflecting a lasting vision for India.
Krafton BGMI’s Return to India Spurs Investment Momentum
Krafton’s investment announcement coincides with a pivotal development: the resurgence of its BGMI mobile title in India. After nearly a year of suspension, Battlegrounds Mobile India (BGMI) gained three-month approval to resume operations in May. BGMI, a reimagined version of the popular PUBG game, swiftly gained traction, amassing around 30 million monthly active users in just under three months.
Krafton Resolute Stance on India’s Gaming Growth
Krafton firmly supports India’s gaming sector despite external conditions. The company affirms its investment commitment matches its long-term strategy and recognition of India’s role as a vital growth engine. BGMI’s successful comeback and strong user engagement reinforce Krafton’s ongoing investment, showcasing its confidence in Indian IPs and content to create a lasting global influence.
As the CEO of Krafton India, Sean Hyunil Sohn, put it, “We believe in the power of Indian IPs and content in making a lasting global impact, and we are excited to achieve new milestones in our journey to unlock the country’s full potential as a global gaming powerhouse.” Krafton’s substantial support underscores its confidence in India’s gaming prowess and its dedication to nurturing a thriving gaming ecosystem.
