Krafton to invest $150 million in India to nurture growth within Gaming ecosystem

The South Korean gaming giant, Krafton has revealed its plan to invest an amount of $150 million in India over the course of the next two to three years. This investment is a part of Krafton's India-centric strategy and will focus on fostering comprehensive growth within the gaming sector and nurturing the Indian startup ecosystem.

The company claims that it has already invested around $140 million into 11 innovative Indian startups since its inaugural investment back in March 2021.

Sean Hyunil Sohn, CEO of Krafton India, expressed the company's enthusiasm, stating, "We are excited to cultivate the startup ecosystem in India and are deeply committed to driving transformative progress, not only in the gaming and tech realms but also across the broader content domain. We firmly believe in India's potential as a pivotal player in the global gaming and technology sectors. Our pledge to inject an additional $150 million over the next few years underscores our dedication to fuel this growth. We firmly trust in the influence of Indian IPs and content to create a lasting global footprint. We are thrilled to mark new milestones in our journey to unlock India's complete potential as a global gaming force."

These investments include not just the game development studios but they span various and complementary arenas, including esports, multimedia entertainment, content creation, and audio platforms.

In recent times, Krafton's focus has expanded to embrace the creator economy and deep tech, actively supporting startups in these burgeoning domains. With this substantial investment, Krafton is aiming to nurture local talents, encourage innovation, and propel India to the forefront of the global gaming industry.

Nihansh Bhat, Corporate Development & Venture Investing Lead - India & Mena, Krafton, elucidated, "Our strategic investments are carefully curated to align with our proficiency and experience, empowering novel ideas and startups to flourish. Since 2021, we have channelled over $140 million into diverse startups, and we are thrilled by the strides our portfolio companies have made. Our investment momentum remains unwavering as we strive to establish a dynamic and evolving portfolio across various segments in India."