South Korean gaming company and BGMI-maker KRAFTON has announced its commitment to invest $150 million in India over the next two to three years.
Since its first investment in March 2021, KRAFTON has infused approximately $140 million into 11 Indian startups, marking it as one of the most active strategic investors in India during this period.
Beyond game development studios, the company’s investments span diverse and complementary sectors, including, e-sports, multimedia entertainment, content creation and audio platforms.
Krafton plans to allocate at least one-third of the $150 million corpus towards existing companies for their future growth initiatives, and another one-third towards deep tech companies that can provide differentiated services and offerings to consumers. The remaining one-third will go towards other new startups, the company said in a press release.
Led by Sean Hyunil Sohn, Krafton started its startup investment journey in India with esports firm Nodwin in March 2021. Among its portfolio companies include mobile game development studios Nautilus Mobile and Lila Games, game streaming platform Loco, Indian language storytelling platform Pratilipi, and audio content platform Kuku FM.
