New Delhi: South Korean gaming giant KRAFTON and Naver Corporation, a leading technology company there, have launched the Unicorn Growth Fund. With a corpus of ₹ 6,000 crore, this fund will invest in startups across technology, AI and DeepTech domains.
The Fund will be managed and advised by Mirae Asset Venture Investments (MAVI) — the Mirae Asset group’s private investment platform. It will focus on four high-conviction themes shaping the next decade of the Indian technology economy:
The companies made the announcement following a high level meeting between Commerce and Industry Minister Piyush Goyal and Dr. Jung Kwan Kim, South Korea’s Minister of Trade, Industry and Resources. The meeting took plance in New Delhi on the sidelines of the President of South Korea’s official visit to India for bilateral discussions with PM Narendra Modi.
The fund will partner with Indian founders building category leading companies- while South Korea’s KRAFTON and Naver will offer its expertise and access to the Korean and broader Asian markets.
“India is rapidly emerging as a global hub for digital innovation, powered by exceptional talent and a vibrant startup ecosystem.Building on our experience investing in leading Indian platforms, NAVER sees strong potential to support the next generation of AI-driven companies with global ambition.Through the Unicorn Growth Fund, we aim to combine capital, technology, and strategic partnerships to help Indian innovators scale globally”
Soo-yeon Choi, Global CEO, Naver Corporation
“India is one of the most important markets for KRAFTON, not just for its scale but for its potential as a global game development hub. With a strong base of young, skilled technology talent and improving digital infrastructure, we see India evolving from a consumption-driven market to a creator economy for gaming. The Unicorn Growth Fund reflects our long-term commitment to this ecosystem.”
CH Kim, CEO, KRAFTON Inc.
