Krafton and Naver have officially launched a ₹6,000 crore India-focused investment vehicle, the Unicorn Growth Fund, in partnership with Mirae Asset Venture Investments, marking one of the largest Asia-led bets on India’s startup ecosystem.
The fund, which was first announced in late 2025, will primarily target growth-stage Indian startups, with a strong focus on sectors such as artificial intelligence, deep tech, consumer internet, fintech, digital content, and emerging platforms.
Managed and advised by Mirae Asset Venture Investments, the fund is positioned as a large-scale capital pool aimed at backing companies with the potential to scale into category leaders and future unicorns.
The move underscores increasing global investor confidence in India’s digital economy, which continues to attract capital due to its scale, talent base, and rapid adoption of technology-led solutions. The ₹6,000 crore corpus makes it one of the largest India-focused funds backed by Asian technology players.
The fund will focus on writing larger cheques for growth-stage and pre-IPO companies, typically investing between $15 million and $30 million per startup, as it looks to accelerate the scaling journey of high-potential ventures.
Beyond capital, the partnership also brings strategic value. Krafton and Naver are expected to provide product expertise, particularly in areas like gaming, platforms, and AI-driven content, while also offering Indian startups access to international markets, especially across Korea and broader Asia.
For Krafton, best known for its gaming business, the fund signals a broader diversification strategy into India’s wider technology ecosystem. For Naver, it deepens its presence in a fast-growing digital market, while Mirae Asset anchors the partnership with its investment and operational expertise.
The launch also reflects a broader geopolitical and economic shift, with South Korean firms increasingly looking to India as a key investment destination amid efforts to diversify beyond traditional markets.
As India continues to produce high-growth startups across sectors, the Unicorn Growth Fund is expected to play a significant role in bridging late-stage funding gaps, supporting companies as they scale towards public markets or global expansion.
