South Korean gaming major Krafton, best known for Battlegrounds Mobile India (BGMI), has unveiled a new India-focused technology investment fund in collaboration with Naver and Mirae Asset, targeting a corpus of up to Rs 6,000 crore.
Named the Unicorn Growth Fund, the investment vehicle places India at the centre of its Asia strategy and, consequently, signals Krafton’s intent to deepen its presence beyond gaming into broader technology and innovation sectors.
According to the company, the fund is scheduled to commence operations in January 2026.
Moreover, the announcement builds on Krafton’s strong and growing footprint in India, where the company has invested more than $200 million across gaming and digital startups since 2021. Its Indian portfolio includes hyperlocal community platform Shuru, fintech player Cashfree Payments, and game studio Nautilus Mobile, in which Krafton acquired a controlling stake. In parallel, Battlegrounds Mobile India has further consolidated the company’s market position, registering hundreds of millions of downloads and playing a pivotal role in the expansion of India’s mobile gaming ecosystem.
In addition, Krafton’s broader investment journey in India dates back to August 2023, when the company committed to deploying $150 million into Indian gaming and entertainment startups over a two- to three-year period. At that time, the company prioritised early-stage studios, esports platforms, multimedia content ventures, and allied segments.
Before that, between March 2021 and mid-2023, the company invested approximately $140 million across 11 Indian startups, including Nodwin Gaming, Loco, Kuku FM, and Pratilipi.
With the launch of the new fund, Krafton is now expanding its investment focus to technology companies with scalable innovation potential. Furthermore, the partnership combines NAVER’s platform and content expertise with Mirae Asset’s capital management strengths to create a structured investment vehicle aimed at supporting India’s technology ecosystem and advancing Krafton’s long-term strategic objectives in the country.
