KRAFTON Inc. and Naver Corporation, two of South Korea’s leading technology companies, have announced the launch of the Unicorn Growth Fund, a ₹6000 crore investment vehicle dedicated to Indian technology startups. With this move, the companies have created one of the largest India-focused capital pools ever raised by an Asian technology-led platform, thereby signaling strong global confidence in India’s startup ecosystem.
The companies made the announcement following a high-level meeting that included Piyush Goyal, Union Minister for Commerce & Industry; Jung-Kwan Kim, Minister of Trade, Industry, and Resources of the Republic of Korea; global CEOs of KRAFTON and Naver; and the CEO of Mirae Asset Venture Investments (India) Private Limited. The meeting took place in New Delhi on the sidelines of the President of the Republic of Korea’s official visit to India, which included strategic bilateral discussions with Narendra Modi, Prime Minister of India, and senior cabinet members.
Moreover, the Unicorn Growth Fund will be managed and advised by Mirae Asset Venture Investments (MAVI), the private investment platform of the Mirae Asset Group. In addition, by leveraging its strong on-ground presence and deep operational expertise across Indian and Korean technology markets, MAVI will effectively drive the fund’s investment strategy and execution.
The fund will focus on four high-conviction themes that will shape the next decade of India’s technology economy. These include technology platforms such as consumer internet, digital marketplaces, and next-generation infrastructure; consumer discretionary segments featuring digitally native brands and new-age consumer businesses; AI and software sectors including generative AI, enterprise SaaS, and developer tools; and deep tech areas such as semiconductors, space technology, robotics, advanced materials, and frontier science.
Moreover, the fund will primarily invest in growth-stage companies and partner with Indian founders who are building category-leading businesses with global ambitions. In addition, it will bring together KRAFTON and Naver’s expertise in product development, artificial intelligence, gaming, and platform innovation, while also enabling access to Korean and broader Asian markets.
Commenting on the development, Puneet Kumar, CEO, Mirae Asset Venture Investments (India) Private Limited, said, “India is at an inflection point. Over the next decade, we expect a new generation of Indian technology champions built in India for the world. As fund manager and advisor of the Unicorn Growth Fund, Mirae Asset is privileged to bring together KRAFTON’s and Naver’s strategic capabilities with our on-the-ground investing platform in India.”
Sharing further insights, Soo-yeon Choi, Global CEO, Naver Corporation, said, “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.”
Adding to this, CH Kim, CEO, KRAFTON Inc., said, “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.”
The launch of the ₹6000 crore Unicorn Growth Fund marks a significant milestone in strengthening India-South Korea technology collaboration. By combining capital, advanced technology expertise, and cross-border market access, KRAFTON and Naver aim to accelerate the growth of India’s next generation of unicorns and position the country as a global innovation powerhouse.











