In a significant boost to India’s startup ecosystem, South Korean technology leaders KRAFTON and Naver Corporation have joined forces with Mirae Asset Venture Investments to officially launch a Rs 6,000 crore (approximately $720 million) India-focused Unicorn Growth Fund. The fund stands among the largest capital pools raised from Asia dedicated to Indian startups.

Key Highlights

• KRAFTON and Naver launch Rs 6,000 crore Unicorn Growth Fund to back Indian startups across AI, deep tech sectors.
• Fund targets growth-stage companies, combining global expertise with India’s rising innovation and startup ecosystem potential.

The formal launch of  India-focused Unicorn Growth Fund follows a high-level meeting attended by Union Minister Piyush Goyal, Republic of Korea’s Trade Minister Jung Kwan Kim, along with senior executives from KRAFTON, Naver, and Mirae Asset.

Focus on High-Growth, Future-Ready Sectors

The fund is strategically designed to back Indian technology startups across four high-potential sectors:

• Technology platforms: including consumer internet, digital marketplaces, and next-generation infrastructure.
• Consumer discretionary: targeting digital-first brands catering to India’s expanding middle class.
• AI and software: spanning generative AI, enterprise SaaS, and developer tools.
• Deep tech: covering semiconductors, robotics, space tech, and advanced materials.

This diversified investment approach reflects a strong conviction in India’s evolving innovation landscape and its potential to produce globally competitive technology companies.

Also Read: Govt Approves Rs 10,000 Cr Startup India Fund of Funds 2.0 to Boost VC 

The Unicorn Growth Fund will primarily target growth-stage startups, partnering with founders building category-defining businesses with international ambitions. Beyond capital, the platform will offer strategic value through product expertise, gaming insights, and AI capabilities from KRAFTON and Naver.

Additionally, portfolio companies will gain access to Korean and broader Asian markets, enabling global expansion opportunities.

The India-focused Unicorn Growth Fund will be managed and advised by Mirae Asset Venture Investments, leveraging its strong on-ground presence and experience across Indian and Korean markets. The firm has previously backed several Indian startups across fintech, consumer internet, mobility, healthtech, and AI sectors.

Puneet Kumar, CEO of Mirae Asset Venture Investments India, highlighted, "India is at a pivotal growth stage and is poised to create a new wave of global technology leaders over the next decade. The collaboration combines global strategic expertise with local investment strength to accelerate this vision."