Krafton, which also develops mobile game Battlegrounds Mobile India, has poured more than $170 million into Indian startups since 2021.

Cashfree, an Indian payments startup that facilitates and processes more than $80 billion for its customers each year, has raised $53 million in a new Krafton, maker of sleeper hit titles such as PUBG and BGMI,

Cashfree secured $53 million in funding led by South Korea’s Krafton, increasing its valuation to $700 million.

Krafton Inc., the South Korean gaming company behind popular shooter title PUBG: Battlegrounds, said Wednesday it has invested in Indian fintech firm Cashfree Payments as part of its continued push into India's digital economy.

The company notes that the collaboration would strengthen Cashfree’s payment solutions and widen its market reach.

Digital payments startup Cashfree Payments on Wednesday said it raised $53 million (about Rs 430 crore) in a funding round led by South Korean gaming giant KRAFTON, with participation from existing investor Apis Growth Fund II.

MUMBAI: Digital payments are moving at breakneck speed, and Cashfree Payments is keeping pace like a fintech sprinter on a caffeine high. The company has just bagged a cool $53 million (Rs 450 crore) in a funding round led by Korean digital entertainment giant Krafton,