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Krafton, Naver, and Mirae Asset are launching a $600 million India-focused fund. This move highlights the rising global investor confidence in India’s startup ecosystem and growth potential in technology sectors.
The fund will primarily invest in growth-stage companies and work with founders building category-leading businesses. The partners will also provide operational support, drawing on Krafton’s gaming expertise and Naver’s AI and consumer technology capabilities.
South Korea’s Krafton Inc and Naver Corporation have partnered with Mirae Asset to launch a $600 million India-focused investment fund, the firms announced on April 21, 2026. The fund, called the Unicorn Growth Fund (UGF), will be invested in growth-stage startups across technology sectors. This is among the larger India-dedicated funds backed by Asian corporate investors.
The announcement follows a meeting in New Delhi attended by Union Commerce and Industry Minister Piyush Goyal, South Korea’s Minister of Trade, Industry and Energy Ahn Duk-geun, and senior executives from the three firms.
The fund will invest in areas such as digital platforms, consumer internet, artificial intelligence, and deeptech. Key themes include generative AI, semiconductors, robotics, and advanced materials.
The Unicorn Growth Fund will invest across four key themes. Technology platforms will cover consumer internet, digital marketplaces, and next-generation infrastructure. Consumer discretionary will focus on digitally native brands and new age businesses catering to India’s growing middle class. AI and software investments will include generative AI, applied AI, enterprise SaaS, and developer tools. Deep tech will span semiconductors, space tech, robotics, and advanced materials.
The fund will primarily invest in growth-stage startups and partner with Indian founders building category-leading companies with global ambitions. It will also bring product, AI, gaming, and platform expertise from KRAFTON and Naver, along with access to Korean and broader Asian markets.
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Mirae Asset Venture Investments has previously backed several Indian startups across sectors such as consumer internet, fintech, mobility, healthtech, and AI, and will lead investments for the new fund in India.
“India is at an inflection point, and over the next decade, we expect to see a new generation of technology companies emerge from India for the world,” said Puneet Kumar, CEO of Mirae Asset Venture Investments (India). “Through this fund, we aim to back such companies and support them in scaling globally.”
Naver Global CEO Soo-yeon Choi said, “India is rapidly emerging as a global hub for digital innovation, particularly in AI, and offers significant opportunities to build companies with global relevance.”
