South Korean gaming major Krafton, best known in India for Battlegrounds Mobile India (BGMI), has announced plans to launch an India focused technology investment fund in partnership with Naver and Mirae Asset, with a target corpus of up to ₹6,000 crore.
The proposed vehicle, to be called the Unicorn Growth Fund, will place India at the centre of Krafton’s broader Asia investment strategy and marks a significant expansion of the company’s focus beyond gaming into the wider technology and innovation ecosystem. The fund is expected to begin operations in January 2026.
The announcement builds on Krafton’s growing presence in India, where it has invested over $200 million since 2021 across gaming and digital startups. Its Indian portfolio includes companies such as hyperlocal community platform Shuru, fintech firm Cashfree Payments, and Nautilus Mobile, in which Krafton holds a controlling stake. BGMI has further cemented Krafton’s position in the country, emerging as one of the most influential titles in India’s mobile gaming market.
Krafton’s investment push in India accelerated in August 2023, when it committed to deploy $150 million over two to three years into gaming and entertainment startups, with a focus on early stage studios, esports platforms, and content-driven ventures. Earlier, between 2021 and 2023, the company invested around $140 million across startups such as Nodwin Gaming, Loco, Kuku FM, and Pratilipi.
With the Unicorn Growth Fund, Krafton is now widening its lens to technology companies with scalable and long-term innovation potential. The partnership combines Naver’s platform and content expertise with Mirae Asset’s investment and fund management capabilities, creating a structured vehicle aimed at backing India’s fast-growing tech ecosystem.
The move underlines growing interest from South Korean capital in India’s technology landscape, as global investors increasingly view the country as a core market for long term digital growth.
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