PUBG's South Korean parent invests $22.4 million in Indian esports company Nodwin Gaming
"With Krafton coming on board, we have an endorsement from the mecca of gaming and esports -- South Korea -- on what we are building from India for the world based on our competence in mobile first markets," Akshat Rathee, co-founder and managing director of Nodwin
In a bid to re-enter the India market,
With its South Korean parent company Krafton, PUBG Corp said it plans to make investments worth $100 million in India to cultivate the local video game, esports, entertainment, and IT industries.
Changhan Kim, CEO of Krafton, said that the company is excited to partner with Gurugram-based Nodwin Gaming to help foster the promising esports ecosystem and engage with our fans and players in India.
The immensely popular PUBG Mobile app was among the 118 Chinese apps that the Indian government banned in September over national security concerns.
To get the ban lifted, PUBG Corp made the decision to no longer authorise the PUBG Mobile franchise to China-based
The Indian subsidiary will hire over 100 employees specialising in business, esports, and game development, PUBG Corp had said.
Ola loses another founding member as Pranay Jivrajka leaves the ride-hailing giant
Europe’s tallest active volcano has been spewing lava for three weeks — and now its raining stones and ash on the villages below
Tata dials up another acquisition talk – with India’s discovery platform Just Dial, whose stock is up by 7%
Popular on BI
- New India Assurance net profit drawn down by huge operating loss in the health insurance segment
- LG’s rollable OLED TV finally debuts in India, priced at ₹75 lakhs
- Best water purifiers to buy in India
- India’s financial capital added 3 out of 4 new jobs for undergraduates between October and March
- Seven brokerage and investment firms give 'buy' call for Aditya Birla Capital since it reported healthy earnings in fiscal year