KRAFTON
Many South Korean companies assured investment in Karnataka across gaming, auto and FMCG sectors
The meeting took place between M.B. Patil, Minister for Large and Medium Industries and Infrastructure Development, Government of Karnataka and prominent Korean companies such as YG-1, Krafton Inc., Go Pizza, and HY Automotive Controls.
Hyderabad esports event makes itself heard amid World Cup din
Even as the country watched the thrilling T20 World Cup final on Saturday, a separate kind of event was unfolding in Hyderabad with a 1,000-person strong crowd cheering the champions of the Battleground Mobile India (BGMI) series.
Nazara Tech inks deal to publish nCore’s FAU-G Domination mobile shooter game
FAU-G, which will be published through Nazara’s publishing arm, had initially seen 50 million downloads but could not stand up to competition from BattleGrounds Mobile India and FreeFire range of games.
VCs chasing Indian studios working on complex games
Indian studios attract investors for midcore and hardcore games like BGMI and FreeFire. Despite talent shortage, studios like Mayhem and LightFury secure investments. Monetization potential grows with UPI payments, highlighting the evolving gaming landscape in India.
FanTV aims to onboard 1 crore users, add 80,000 content creators in 18 months
FanTV, supported by Krafton, sets ambitious goals to increase user base and creators. With Mysten Labs partnership for Web3 adoption, they aim to innovate in social media and have raised significant funds.
Creators wielding AI reimagine creativity on a budget
Anirudh Ravichander and Yashraj Mukhate lead AI experimentation in music. Ad-film makers and marketers embrace AI for cost-effective content creation. General purpose AI tools gain traction for creative endeavors in various industries.
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No noobs here! Mobile gamers ride nippy 5G
India's rapid 5G rollout revolutionized the mobile gaming industry, with titles such as BGMI and Call of Duty: Mobile taking the lead. The improved game latency and increased demand for AAA games showcase the significant impact of 5G technology.
Online gaming continues to grow, but GST change to “moderate” monetisation: report
According to a report from real money gaming (RMG) firm Winzo and non-profit firm Interactive Entertainment and Innovation Council, India currently has about 560 million gamers, of whom 144 million paid for games in 2023
Tencent's next level up: fewer big foreign franchise games, more in-house
Since late last year, the world's largest video games company has, according to sources, redeployed hundreds of people from the team developing "Assassin's Creed Jade" for mobile - a multi-year project with France's Ubisoft.
Free Fire Max beats BGMI to bag India’s favourite esports tag
As per data from media analytics platform Comscore, Free Fire Max first overtook BGMI in terms of unique visitors in August 2022, just a month after the government blocked BGMI.
Sticking to rules is name of the game
Krafton's efforts to address the concerns of the Government of India (GoI) have played a significant role in lifting the ban on Battlegrounds Mobile India (BGMI). The concerns revolved around data localisation, public order, and capital infusion into the online gaming industry.
How Krafton brought PUBG successor Battlegrounds back from a ban
Krafton, publisher of one of India’s most popular esports titles, Battlegrounds Mobile India (BGMI), shifted data, hiked India investment, made changes to game to get ban revoked
Ecommerce roll-up firms in distress; how Krafton scripted BGMI return
Thrasio-style ecommerce roll-up companies such as Goat Brand Labs are struggling to survive amid an overall funding squeeze. This and more in today's ETtech Morning Dispatch.
Step-by-step guide to download BGMI 2.9 update on Android and iOS devices
Krafton greenlights BGMI 2.9 update with Frozen Kingdom mode and Play Pure event. Android users download from Play Store (251 MB), iOS from App Store (2.8 GB). Follow simple steps for a seamless upgrade. Enhanced gaming awaits!
Game on: Casters beat players in esports winnings
Esports casters like Ocean Sharma, Varun John, Sudhen Wahengbam, Kaavya Karthikeyan and many others are being well rewarded as hosts of tournaments such as BGMI, Valorant, CS:GO and even making a mark internationally.
India among top 5 markets; willingness to pay among gamers rising: Krafton India CEO
Krafton India CEO Sean Hyunil Sohn said that Krafton's paid user-base and average revenue per user in India is comparatively lower than that in the developed gaming markets.
New playbook: Online gaming companies, brands target offline streaming in India
Gaming companies such as Krafton, Nodwin Gaming and Jio Games along with brands such as iQOO, Lenovo and Red Bull are investing large sums of money in offline streaming of popular esports leagues in physical arenas across India.
Gaming major Krafton launches incubator programme for Indian startups
The incubator programme will enrol between six to ten “teams” every year, and offer between $50,000 and $150,000 as funding support, with “exceptional” teams getting up to $250,000.
Krafton India ropes in Bollywood actor Ranveer Singh as BGMI brand ambassador
Ranveer Singh said as an artist he finds gaming to be an extension of his creative expression.
Garena’s Free Fire returns to India in new avatar after February 2022 block
Garena’s Free Fire, a battle royale game where multiple players fight each other in a set location to “survive”, was one of the most popular online games in India before it was blocked, according to executives in the gaming industry.
Data Protection Act: A ‘mind-what-you ask-for’ moment for startups & other top tech stories
Perhaps what could turn out to be one of the most crucial acts for Digital India was undertaken by the Indian Parliament through the passage of the Digital Personal Data Protection Bill, 2023 earlier this week. While the law will impact every entity in this country that deals in the personal data of Indian citizens, tech companies and consumer facing startups are perhaps going to be impacted the most.
Gaming major Krafton to invest another $150 million in Indian startups
Over the last three years, the firm has invested about $140 million in 11 Indian gaming and content-driven ventures including Nazara Technologies’ unit Nodwin Gaming, Pratilipi, KukuFM and Loco.
Game on: Krafton’s BGMI return revvs up Indian esports scene
The lifting of the BGMI block on a trial basis in May has streaming platforms and tournament organisers alike projecting a bump in viewership and revenues. At the same time, professional BGMI teams are seeing their calendars fill up with tournaments and the opportunity to represent India abroad.
Byju’s sighs, in relief; Prosus writes off ZestMoney investment; and BGMI’s India return
After a long time, it was Christmas at Byju’s as a US court rejected a plea by its Term Loan B (TLB) lenders to probe a $500-million transfer from the firm’s US-based subsidiary to other entities. Further, Byju’s claimed it had fully paid the provident fund dues of its employees, quelling media reports that alleged it was withholding PF monies. This and more in today’s ETtech Morning Dispatch.
Gaming focused VC Lumikai unveils Fund II, eyes $50 million corpus
The so-called Fund II follows Lumikai’s first fund that raised $40 million in 2020, a year after its inception. It has backed startups like Loco, Elo Elo, and Bombay Play previously.
After year-long ban, Krafton relaunches BGMI in India with limited playtime
The prohibition on Battlegrounds Mobile India (BGMI) has been lifted for 90 days, following which the government is expected to review whether it is in compliance with Indian laws and decide whether to lift the ban permanently or block it again.
Smartphone sales plateau in rural areas; Nvidia nears $1 trillion market cap riding AI wave
Affordability issues, coupled with the affinity for feature phones, have led to smartphone sales stagnating in rural areas since mid-2021 — in sharp contrast to the market trend in urban areas. This and more in today’s ETtech Top 5.
Krafton’s BGMI game set for comeback after government lifts ban temporarily
The move comes less than two years after the Indian government banned Krafton's marquee offering PUBG in the country.
Influencer marketing startup One Impression raises $10 million in funding led by PUB-G-maker Krafton
The company said it will utilise the funds to expand its offerings, accelerate product development and grow its presence in international markets, starting with Southeast Asia and the United Arab Emirates.
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