Krafton announces $150 mn investment plan for BGMI

Krafton, the visionary force behind the popular BGMI game, has made a resolute commitment to investing $150 million in India within the upcoming two to three years.

This robust investment signifies the company’s dedication to fostering growth within India’s gaming sector and startup ecosystem.

The investment will be channeled towards fueling advancements in content-based platforms and deep tech, solidifying Krafton’s position as a catalyst for innovation within the Indian gaming landscape.

This strategic move reflects Krafton’s profound belief in India’s potential and its aim to contribute significantly to the country’s digital transformation journey.

“We firmly believe in India’s potential as a key player in the global gaming and technology industry, and our commitment to investing an additional $150 million over the next two to three years reflects our dedication to fueling this growth,” said Sean Hyunil Sohn, CEO, Krafton India.

“We believe in the power of Indian IPs and content in making a lasting global impact,” he added.

Since its first investment in March 2021, the company has infused approximately $140 million into 11 innovative startups.

Beyond game development studios, the company’s investments span diverse and complementary sectors, including, Esports, multimedia entertainment, content creation, and audio platforms

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“This initiative will empower subscribers to pay online and subscribe to the channels they want to watch and get it activated on their TV sets in real-time without any delay. Without needing to undertake any software development, LMOs can approach Mobiezy for their pre-built and pre-integrated solution that uses NXTDigital’s news APIs and can be up and running with their own mobile apps within just a few days.”

RU Ediriwira, Group CTO, NXTDigital Limited

“With the launch of Partnership for Growth 3.0 we intend to expand our network with 40 new NXTHUBs, each offering up to 650 live TV channels and broadband. Our efforts are focused on harnessing the convergence of technologies, developing robust apps and creating new business models that will help the overall ecosystem, delivering the best experience to our subscribers. We hope to achieve a stronger foothold in the rural regions of the country and grow our subscriber base.”

N.K. Rouse, COO, NXT Digital Ltd

“One of the key principles of the Hinduja Group is ‘Partnership for Growth’. After 2.0 saw the launch of HITS to connect LMOs in even the most remote locations through the only satellite-based cable TV platform in India; 3.0 focuses not just on strengthening the overall ecosystem we have built, but harnessing the convergence of technologies – to be delivered through a national network of NXTHUBs. Video and broadband are only the beginning of the digital highway of services that we have developed for roll-out backed by a robust suite of innovative apps developed by service providers exclusively for our LMOs and subscribers.”

Vynsley Fernandes, MD & CEO, NXTDigital Limited

“Wireline broadband is becoming ever more important not only in connecting homes across the country but also small to large enterprises-to the digital economy. The NXTHUBs will be the perfect point-of-presence to offer broadband services to cater to these consumer needs.”

Yugal Kishore Sharma CEO, ONEOTT Intertainment Limited

Amazing and grim battle for survival. Guess it will end up in Supreme Court. All that NCLT asked Zee to do was to file a reply to Invesco petition for a EGM. Now this is getting too serious. So far Invesco has been hammered for demanding an EGM. What is Zee upto? Ofcourse my lawyer community knows better!

Ashok Mansukhani, Corporate Law and Media Law Advocate at Ashokmansukhani Associates

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Krafton announces $150 mn investment plan for BGMI

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