BGMI maker Krafton will invest $150 million in India’s startup ecosystem
Prepend to the content
- BGMI has successfully cleared its three months trial period in India
- The company has announced to invest $150 million in India over the next 2-3 years
- Krafton has clarified that their investment commitment and BGMI’s trial conclusion are not linked
Recently Krafton was allowed to bring back the popular battle royale title Battle Grounds Mobile India (BGMI) to the country. But it was for a trial period where the government was monitoring its operations. Now the South Korean gaming firm has successfully passed the trial. The company has announced to invest $150 million in India over the next 2-3 years.
According to Krafton CEO Sean Hyunil Sohn, the investment proposed by BGMI will support the growth of India’s startup ecosystem and create significant changes in technology, gaming, and various content sectors.
Sean Hyunil Sohn added that, “We see great potential in Indian IPs and content for a strong global influence. Our excitement is high as we aim to achieve new milestones and unlock India’s full capacity as a global gaming leader.”
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BGMI is the most popular title among Krafton’s entire gaming portfolio, and India is the key market for the company. In less than three months after BGMI’s relaunch, it has attracted around 30 million monthly users in India, leading to revenue generation.
Krafton has clarified that their investment commitment and BGMI’s trial conclusion are not linked. The company has already invested nearly $140 million into Indian startups since 2021 and are planning to do more in the coming time.
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