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Jens Hilgers and Anuj Tandon
US-based investor, Bitkraft Ventures, has teamed up with former CEO of gaming at JetSynthesis, Anuj Tandon, to solidify their presence in the Indian market. Bitkraft Ventures is known for investing across various gaming studios and expanding more in the Indian market might bing another source of investment for early startups to create some incredible games.
Having a proper funding will allow studios to hire talented individuals and make some incredible games. Bitkraft Ventures previously launched $275 million fundraise back in April. Tandon’s experience during his time with Krafton and JetSynthesis will likely come as a great asset for Bitkraft.
“We have the main Bitkraft Ventures Fund-III…there is the $100 million opportunities fund, which looks at investing in Series B stage. We’ll be looking at all kinds of deals across the early stages of gaming and interactive media. This brings an increased emerging markets’ focus for Bitkraft, and increased deal activity, especially in India, which is an exciting market,” said Anuj Tandon.
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Growing gaming market catching eyes of investors
Bitkraft has reportedly invested across gaming startups previously, including the likes of Lila Games and GameZop. Watching the growth of the Indian gaming market and its potential, Bitkraft is aiming to join along for a mutually beneficial journey.
“We have made several investments in India already, but our ambition is to increase our activity and capital deployment in the country visibly going forward. This is where Anuj’s experience and network in the Indian games and entertainment industry is crucial to us and our ability to identify and partner with the most outstanding entrepreneurs in India,” said Bitkraft’s founding general partner, Jens Hilgers.
Most recently. Krafton also announced their investment plan to fun Indian gaming startups. The Krafton India Gaming Incubator (KIGI) aims to invest over $140 million across various Indian start-ups, with selections being done in waves.