Krafton, the developer behind Battlegrounds Mobile India, recently unveiled the company’s investment strategy for India. The organization confirmed it was investing $22.5 million in NODWIN Gaming and an additional $9 million in Loco.
Krafton also announced it cut its IPO target by nearly a quarter on July 1st. The offering is expected to raise $3.8 billion, which is a significant decrease from the original offering which was supposed to raise $4.9 billion.
“Krafton will collaborate with partners to build an esports ecosystem while bringing in-game content regularly, starting with a series of India-specific in-game events at launch, to be announced later,” the company said in an early May interview.
Krafton is a South Korean-based video game holding company located in Seongnam. The company was founded in 2007 and is most famous for developing PlayerUnknown’s Battlegrounds, or PUBG.
(All information was provided by Gadgets 360, Reuters, and Google)
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