Popular game developers PUBG, TERA, Golf King and Castle Burn as well as Krafton Korea reportedly invested Rs 164 Crores or Rs 1.64 Billion (10 Million/Crores), amounting to IDR 324 Billion (Exchange Rate IDR 197.9/Rupee) in E- company corresponds. Sports from India, Nodwin Gaming.

According to News18 on Wednesday (October 3, 2021), the transaction resulted in Nodwin receiving a minority stake in Krafton. With these funds, Nodwin aims to accelerate the development of e-sports in South Asia, the Middle East and Africa and nurture talent.

In addition, the company plans to provide better gaming infrastructure and technology and to design, organize and conduct numerous intellectual property tournaments at national and international levels.

“The addition of Krafton is an endorsement from the South Korean gaming and esports mecca of what we are building for the world from India, based on our expertise in mobile-first markets,” Nodwin said.

Nodwin itself is a subsidiary of Nazara Technologies, has partnerships with global publishers and partners such as ESL, Valve, Krafton, Tencent, Riot and Blizzard, as well as content partnerships with broadcasters such as MTV on linear television, Disney + Hotstar, YouTube and Airtel.

Krafton CEO Changhan Kim said he is excited to partner with Nodwin Gaming to advance the promising esports ecosystem and is proud to connect with fans and players in India.

“Based on the momentum of this partnership, we will explore additional investment opportunities in the region to maintain our commitment and commitment to the development of the local video game, e-sports, entertainment and technology industries,” Kim said.

Esports is predicted to be a key pillar for the growth of sports entertainment in the future as it lies at the intersection of sports, entertainment and technology and countries like India can capitalize on this opportunity.