Krafton's Investment to Propel India’s Startup Ecosystem - News

Game developer BGMI-maker Krafton Inc is set to solidify India's startup landscape with a substantial US$ 150 million investment. The firm's move highlights its commitment to fostering local innovation. 
Sean Hyunil Sohn, CEO, KRAFTON India, said, “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.”
To this added, Nihansh Bhat, Corporate Development & Venture Investing Lead India & MENA, KRAFTON, Inc, “Since 2021, we have invested over US$ 140 million in various startups and are thrilled by the progress our portfolio companies have made. Our investment momentum will continue as we seek to establish a dynamic and evolving portfolio across various segments in India.”
The investment aligns with Krafton's India-centric approach, recognizing the nation's thriving tech and entrepreneurial scene. This move determines their focus to contribute to the nation's technological advancement.