KRAFTON, NAVER Back ₹6,000 Cr India Fund to Fuel Next Wave of Unicorns
South Korean tech giants KRAFTON and Naver have joined Mirae Asset Venture Investments to launch a ₹6,000 crore India-focused Unicorn Growth Fund to support growth-stage startups. The fund will focus on sectors like consumer internet, AI, and deep-tech, providing not only capital but also strategic backing.
KRAFTON Inc and Naver Corporation have partnered with Mirae Asset Venture Investments to launch a ₹6,000 crore India-focused Unicorn Growth Fund. The fund will support growth-stage startups in sectors like consumer internet, AI, and deep-tech. It will be managed by Mirae Asset Venture Investments, which has experience in scaling startups. The fund's launch was announced during South Korean President Lee Jae Myung's visit to India, highlighting the growing economic alignment between the two countries. The initiative aims to accelerate India's innovation-driven economy and help startups become globally competitive. The fund will provide capital, global exposure, technical expertise, and ecosystem support to startups.
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