Krafton gaming invests $100Mn in India
2022-07-28Gaming giant Krafton has reportedly invested $100 million in the Indian market and is preparing to launch many new titles soon. The company also has more in the store for the country, including investments in local startups.
The PUBG-maker gaming giant is also looking to launch various games in India, including one that was launched in Germany. The company also has more in the store for the country, including investments in local startups.
Sean Hyunil Sohn, CEO, Krafton India, said, “We did reach our target and have already spent $100 million from our original investment plan. We are working towards two–three deals that should hopefully be converted in August, pushing us towards roughly $140 million being invested in the country. There have been roughly eight investments in total in the last one or one-and-a-half years. We will keep investing in gaming, gaming-related and tech startups in the country.”
The company is aiming to “bring experiences rooted in gaming”, and as such has pilot projects in development, that are not games, per se. “We have some metaverse projects based on web 3 where creators can work with our platform and tools and experiment. It is at a very nascent stage at this moment,” Sohn added.
The gaming giant is also looking to launch various games in India, including one that was launched in Germany. “Our studios RisingWings and Dreamotion are also making games that could be suitable for the Indian market. Similarly, Striking Distance, a subsidiary of Krafton, is making PC games, which may be relevant to Indian consumers but will not be as big as BGMI,” he added.
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