Mirae Asset to lead Krafton, Naver’s ₹6,000 cr bet on India’s early-growth-stage tech startups
Krafton and Naver have launched a ₹6,000 crore India-focused fund to back early-growth-stage tech startups, with Mirae Asset Venture Investments India managing it. The fund will invest in companies across four core themes: technology platforms, consumer tech, AI and enterprise tech, and deeptech.
South Korean tech companies Krafton and Naver have launched a ₹6,000 crore fund to invest in India's early-growth-stage tech startups. Mirae Asset Venture Investments India (MAVI India) will manage the Unicorn Growth Fund, one of the largest capital commitments from Asian investors into India's startup ecosystem. The fund will invest $10-35 million in companies raising Series B and C rounds, taking stakes between 5-20%. MAVI India will invest across four core themes: technology platforms, consumer tech and brands, AI and enterprise tech, and deeptech. The investments will focus on companies with product-market fit, scaling them to become large companies and category leaders. India's digital infrastructure growth and shifting consumer behavior are driving the investment thesis.
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