KRAFTON India Strengthens Investment Portfolio by Backing Hyperlocal Community App Leader Shuru
Headquartered in South Korea, KRAFTON, Inc. is dedicated to discovering and publishing captivating games that offer fun and unique experiences. Established in 2007, KRAFTON is home to globally renowned developers that include PUBG STUDIOS, Striking Distance Studios, Unknown Worlds, VECTOR NORTH, Neon Giant, KRAFTON Montréal Studio, Bluehole Studio, RisingWings, 5minlab, Dreamotion, ReLU Games, Flyway Games, Tango Gameworks and inZOI Studio. Each studio strives to continuously take on new challenges and leverage innovative technologies. Their goal is to win over more fans by broadening KRAFTON's platforms and services. With a passionate and driven team across the globe, KRAFTON is a tech-forward company that possesses world-class capabilities and is set on expanding its business horizons to encompass multimedia entertainment and deep learning. For more information, visit www.krafton.com.
About KRAFTON India
In India, KRAFTON is responsible for premier mobile games, including BATTLEGROUNDS MOBILE INDIA (BGMI), which has surpassed 200 million downloads, Bullet Echo India, Road To Valor: Empires, and CookieRun India, among others. Committed to enhancing the start-up ecosystem in India, KRAFTON has invested over $200 million in several Indian startups across interactive entertainment, gaming, Esports, and technology, since 2021. KRAFTON actively supports India's game development ecosystem through its KRAFTON India Gaming Incubator (KIGI) while strengthening the Esports ecosystem with flagship events like the BATTLEGROUNDS MOBILE INDIA SERIES (BGIS) and BATTLEGROUNDS MOBILE INDIA PRO SERIES (BMPS). For more information, visit https://krafton.in/.
About Shuru
Shuru is a location-based social networking platform headquartered in Indore, Madhya Pradesh, designed to digitally empower communities by fostering local connections. With a vision to create a robust network of over 400 million users, Shuru aims to bridge the gap between citizens and their surroundings, enabling real-world change from the ground up. The platform allows users to share updates, support local businesses, and address civic issues, thereby building stronger communities through local connection and collaboration.
Founded by Mayank Bhangadia and Harsh Chhabra, Shuru leverages their extensive experience in community-driven platforms. Mayank, an IIT Delhi alumnus, is renowned for creating Roposo, a short video app that garnered 100 million users in India before its acquisition by InMobi's Glance. Harsh, with over a decade of experience, led product development at Roposo and founded GoParento, a parenting community platform.
Shuru has attracted investment from prominent entities such as Omidyar Network India, Kunal Bahl, Rohit Bansal, Eximius Ventures, Shastra VC, and Pankaj Agarwal. The platform has successfully engaged over 10 million users across more than 600 cities and 8,000 sub-districts in India, making it a vital tool for local businesses, influencers, and citizens seeking to make a positive impact in their communities.
For more information, visit https://shuru.co.in.
Submit your press release
Disclaimer: The above press release comes to you under an arrangement with Business Wire. Business Upturn takes no editorial responsibility for the same.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
9 hours ago
- Yahoo
Micron Technology, Inc. (MU): A Bull Case Theory
We came across a bullish thesis on Micron Technology, Inc. on Rijnberk InvestInsights's Substack by Daan | InvestInsights. In this article, we will summarize the bulls' thesis on MU. Micron Technology, Inc.'s share was trading at $114.39 as of July 18th. MU's trailing and forward P/E were 20.61 and 9.40 respectively according to Yahoo Finance. A robotic arm holding a semiconductor chip, emphasizing the precision and quality of the company's production equipment. Micron Technology, a leading U.S.-based memory semiconductor producer, remains a controversial investment. As one of three global DRAM and NAND giants, it benefits from scale, process leadership, and high barriers to entry but operates in a deeply cyclical, commodity-like market, deterring many long-term investors. DRAM, its largest segment (≈70% of revenue), has gained market share to ~25% amid early DDR5/LPDDR5X adoption, node leadership (1αnm/1βnm), and a pivot to AI, automotive, and industrial applications. NAND (≈30% of revenue) remains more challenged, with Micron holding ~11–12% share, behind Samsung and SK Hynix. Its fastest-growing business, high-bandwidth memory (HBM), is critical for AI workloads; Micron's HBM3E/4 products lead in power and capacity, with 2025 output sold out and share expected to reach 20–25% by year-end. Integrated manufacturing, U.S.-heavy production, and diversification limit geopolitical risk. Financially, Micron is rebounding sharply: Q3 FY25 revenue grew 37% YoY to $9.3B, gross margin hit 39%, EPS surged >200% YoY, and free cash flow reached $1.9B despite $2.7B in capex. Management guides Q4 revenue up 15% sequentially to $10.7B and EPS of $2.50, with DRAM and HBM driving mid-teens bit growth. Structural AI, data center, and automotive demand should sustain a low-double-digit CAGR through cycles. Valuation remains attractive at ~10x FY26 earnings, with a PEG of ~ investors with a 5–10 year horizon and a tolerance for 30–50% drawdowns, Micron offers exposure to secular AI-driven growth. Shares near $125 could deliver mid-teens annualized returns, with upside if current execution persists. Previously we covered a on Micron Technology, Inc. by Oliver | MMMT Wealth in April 2025, which highlighted its technological edge, secular AI-driven memory demand, and undervaluation as key drivers. The company's stock price has appreciated by approximately 69% since our coverage. This is because AI and data center tailwinds accelerated. The thesis still stands as structural demand persists. Daan | InvestInsights shares a similar but emphasizes on Micron's HBM leadership and financial rebound. Micron Technology, Inc. is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 96 hedge fund portfolios held MU at the end of the first quarter which was 94 in the previous quarter. While we acknowledge the potential of MU as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None.
Yahoo
19 hours ago
- Yahoo
Viavi Solutions Inc. (VIAV): A Bull Case Theory
We came across a bullish thesis on Viavi Solutions Inc. on Viavi Solutions Inc. In this article, we will summarize the bulls' thesis on VIAV. Viavi Solutions Inc.'s share was trading at $10.31 as of July 23rd. VIAV's trailing and forward P/E were 515.50 and 17.86, respectively according to Yahoo Finance. Image by Akela999 from Pixabay Viavi Solutions Inc. (NASDAQ: VIAVI) is a global leader in network test, monitoring, and assurance solutions that underpin the reliable deployment of AI applications across data centers and enterprise networks. The company's technology enables high-speed, high-integrity data infrastructure critical for AI workloads, supporting both hyperscale and enterprise data centers as AI transitions from the compute build-out to application deployment. Viavi's offerings ensure network performance from the core data centers, where compute is concentrated, to the edge, where AI inference increasingly takes place. Its advanced optical technologies serve a broad range of industries, reinforcing its role as an indispensable enabler in the AI ecosystem. With AI entering Phase 2, the acceleration of application deployment, the demand for reliable and efficient network infrastructure has become more urgent, as the return on heavy capital expenditure depends on seamlessly running these AI systems. Viavi is well-positioned to capitalize on this need, providing the critical assurance that network systems will function smoothly as AI-driven workloads scale. The company was recently added to the portfolio and subsequently increased during broader market weakness, reflecting strong conviction in its growth trajectory. Viavi stands to benefit meaningfully as the focus shifts from building AI compute capacity to unlocking value through the widespread deployment of AI applications, particularly at the network edge, where its solutions are mission-critical. This unique positioning creates a compelling investment case as Viavi's role becomes increasingly integral to the realization of AI's next growth phase. Previously, we covered a bullish thesis on Trex Company, Inc. (TREX) by Stock Analysis Compilation in June 2025, which highlighted structural growth in composite decking, Trex's market leadership, and strong secular tailwinds. The company's stock price has appreciated by approximately 18.18% since our coverage as the thesis played out. The thesis still stands as composite adoption rises. The Viavi Solutions Inc. author shares a contrarian view, emphasizing AI-driven network infrastructure growth. Viavi Solutions Inc. is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 30 hedge fund portfolios held VIAV at the end of the first quarter which was 28 in the previous quarter. While we acknowledge the potential of VIAV as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
a day ago
- Yahoo
Will Modular CapEx and M&A Keep Sterling in Growth Mode?
Sterling Infrastructure, Inc. STRL is actively investing in enhancing its modular construction capabilities and inorganic business initiatives. The current market demand is actively shifting toward data center buildouts, AI infrastructure and utility grid modernization, which is proving favorable for the company's prospects in the long term. Amid this robust market trend, STRL is engaging in expanding its modular fabrication capacity, being optimistic about the scalable and margin-accretive characteristics of such mission-critical the E-Infrastructure Solutions segment, Sterling operates the business for modular buildings and data centers. Backed by the robust market trends, the E-Infrastructure segment's (51% of first-quarter 2025 revenues) backlog grew 27% year over year to $1.2 billion as of the first quarter of 2025, with data center-related work accounting for more than 65%.Besides modular expenditures, Sterling also actively focuses on making strategic investments in mergers and acquisitions (M&A). It believes that bolt-on acquisitions and scalable partnerships are likely to boost its business capabilities and market share, thus offering it a competitive advantage over its peers. Recently, on June 17, 2025, STRL announced the signing of a definitive agreement to acquire CEC Facilities Group, LLC for $505 million, under its E-Infrastructure Solutions segment. CEC Facilities is a non-union electrical contractor with operations focused on fast-growing markets such as data centers, semiconductors and manufacturing, based in Texas. The combined business is expected to benefit from cross-selling opportunities and a broader customer base, thus strengthening Sterling's market reach across Texas and other key 2025, STRL expects capital expenditures to be between $70 million and $80 million, up from $70.8 million in 2024. Thus, with the in-house strategies combined with the favorable market fundamentals, the company is expected to boost its revenue visibility and profit structure in the upcoming period. STRL Stock's Price Performance vs. Other Market Players Shares of this Texas-based infrastructure services provider have surged 69% in the past three months, significantly outperforming the Zacks Engineering - R and D Services industry, the broader Zacks Construction sector and the S&P 500 index. Image Source: Zacks Investment Research Moreover, firms like Quanta Services, Inc. PWR and EMCOR Group, Inc. EME offer substantial competition to Sterling in the public infrastructure field, especially across mission-critical infrastructure solutions. Although the market trends are favoring these companies, they are falling behind in realizing benefits from the robust fundamentals compared with STRL. In the past three months, shares of Quanta Services and EMCOR have gained 40.2% and 41.1%, respectively. Sterling's Valuation Trend Sterling stock is currently trading at a premium compared with the industry peers, with a forward 12-month price-to-earnings (P/E) ratio of 27.78, as evidenced by the chart below. The overvaluation of the stock compared with its industry peers indicates its strong potential in the market, given the favorable trends backing it up. Image Source: Zacks Investment Research Notably, Quanta Services and EMCOR are currently trading at a forward 12-month P/E ratio of 36.62 and 23.48, respectively. EPS Trend of STRL For 2025 and 2026, STRL's earnings estimates have remained unchanged over the past 60 days at $8.61 and $9.48 per share, respectively. However, the estimated figures reflect 41.2% and 10.1% year-over-year growth, respectively. Image Source: Zacks Investment Research The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Quanta Services, Inc. (PWR) : Free Stock Analysis Report EMCOR Group, Inc. (EME) : Free Stock Analysis Report Sterling Infrastructure, Inc. (STRL) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
