Priya PatelTLDR:
- KRAFTON India has launched a gaming incubator to support local talent in India’s gaming industry.
- Fintech startups are focusing on good governance and innovation for long-term success.
In a recent article, KRAFTON India announced the launch of its gaming incubator, KRAFTON India Gaming Incubator (KIGI), to provide mentorship and guidance to local talent in India’s gaming industry. The program aims to uplift the overall ecosystem and help incubated companies build successful game titles. Under KIGI, companies like ReDimmension Games and Shura Games have already been incubated and received grants ranging from $50,000 to $150,000.
On the other hand, the fintech sector is focusing on good governance and innovation for sustainability and long-term success. Experts in the industry highlight the importance of technology adoption for financial products to be inclusive and equitable, especially in rural India. The emphasis is on leveraging technologies like digital public infrastructure and AI to enhance customer experience and drive growth.
Furthermore, the VC funding landscape in 2023 saw a shift in focus, with total funding amounting to $9.6 billion, a decrease from the previous year. Consumer tech, fintech, and software/SaaS sectors attracted the majority of funding, with significant investments in GenAI and electric mobility. The report also noted a surge in exits as investors provided liquidity to limited partners.
