KRAFTON the South Korean gaming company known for creating games like Battlegrounds Mobile India has announced its plans to invest $150 million in India over the next two to three years. As part of its mission to develop local talent, foster innovation and strengthen India position in the gaming industry the firm seeks to encourage and invest in Indian gaming and entertainment startups.
KRAFTON investment strategy encompasses a range of areas including gaming, esports, multimedia entertainment, content creation, audio platforms, the creator economy and deep tech. The company has been actively investing in India since March 2021 and this new commitment reaffirms its belief in India potential as a significant player in the global gaming and technology sectors.
Sean Hyunil Sohn CEO of KRAFTON India expressed the company strong belief in India capabilities and its dedication to contributing to the growth of the gaming and technology industries in the country.
KRAFTON investment not only reflects its commitment to the Indian market but also highlights the increasing prominence of the gaming industry in India and its potential for innovation job creation and economic growth. The infusion of funds is expected to drive the development of local gaming and entertainment ecosystems creating opportunities for startups and individuals to contribute to the industry expansion.
KRAFTON recent expansion of focus to include the creator economy and deep tech reflects its proactive engagement with emerging domains. The company commitment to invest $150 million in India is aimed at fostering local talents, driving innovation and positioning India as a prominent player in the global gaming industry.
Nihansh Bhat Corporate Development & Venture Investing Lead India & Mena at KRAFTON highlighted the strategic approach behind their investments. The company carefully selects investments that align with its expertise and experience aiming to empower innovative ideas and startups to thrive. KRAFTON has already directed over $140 million into diverse startups in India since 2021 with their portfolio companies making notable progress. This ongoing investment strategy underscores KRAFTON dedication to creating a diverse and evolving portfolio across various segments in India.
In addition to their flagship game Battlegrounds Mobile India KRAFTON has introduced three new game titles namely The Callisto Protocol Road To Valor: Empires and Defense Derby over the past year. By furthering their investments KRAFTON aims to redefine India gaming landscape expand its horizons and enhance the gaming experience for players across the country. The company initiatives reflect a larger trend of the gaming industry growth and potential to shape various sectors within the economy.
Sean Hyunil Sohn the CEO of KRAFTON India conveyed the company enthusiasm and dedication to fostering the startup ecosystem in India. He emphasized the company commitment to driving transformative progress not only within the gaming and tech sectors but also across a broader content domain.
Sohn expressed strong confidence in India potential as a pivotal player in the global gaming and technology industries. He highlighted KRAFTON determination to contribute to this growth by investing an additional $150 million over the upcoming years. This substantial investment underscores the company belief in India capabilities and its aspiration to play a key role in enhancing the nation prominence in the global gaming landscape.
Sohn statement also emphasizes KRAFTON trust in the influence of Indian intellectual properties and content to leave a lasting global impact. The company eagerness to achieve new milestones reflects its ongoing journey to unlock India full potential as a significant and influential force in the global gaming arena.
This sentiment from KRAFTON CEO encapsulates the company strategic vision and its aspirations for India role in shaping the future of gaming and related industries.