KRAFTON, Naver Launch INR 6,000 Cr India-Focused Unicorn Growth Fund with Mirae Asset

South Korean technology firms KRAFTON Inc. and Naver Corporation have partnered with Mirae Asset Venture Investments to officially launch an INR 6,000 crore India-focused Unicorn Growth Fund. 

The fund, first announced in December, is among the largest pools of capital raised from Asia for Indian startups.

The launch followed a high-level meeting attended by Union Minister Piyush Goyal, South Korea’s Minister of Trade, Industry and Resources Jung Kwan Kim, senior executives from KRAFTON and Naver, and Puneet Kumar, CEO of Mirae Asset Venture Investments India.

The fund will invest in Indian technology companies across four key sectors: technology platforms, consumer discretionary, artificial intelligence and software, and deep tech. Within these areas, investments will span consumer internet, digital marketplaces, next-generation infrastructure, and digitally native brands targeting India’s expanding middle class.

In AI and software, the fund will focus on areas such as generative AI, enterprise software, and developer tools. Deep tech investments will include sectors like semiconductors, space technology, robotics, and advanced materials.

The Unicorn Growth Fund is designed to primarily back growth-stage startups and support founders building companies with global ambitions. Along with capital, the fund aims to provide access to product development, AI, gaming, and platform expertise from KRAFTON and Naver, as well as entry points into Korean and broader Asian markets.

The fund will be managed and advised by Mirae Asset Venture Investments, which has experience operating across both Indian and Korean markets. Its local team will lead investment activities in India.

Puneet Kumar said India is at a crucial stage of growth and is likely to produce a new generation of global technology companies in the coming decade. 

Mirae Asset Venture Investments has previously invested in Indian startups across sectors including fintech, mobility, health technology, consumer internet, and AI, and will lead investments for the new fund.