Home / Business and Economy / Krafton Bets Big: India Fund Targets $669M for Tech Growth
Krafton Bets Big: India Fund Targets $669M for Tech Growth
19 Dec
Summary
- Krafton launches $669 million Unicorn Growth Fund over four years.
- The fund is a collaboration with Naver and Mirae Asset.
- Investments will extend beyond gaming into wider tech startups.
Krafton, the South Korean gaming giant renowned for titles like PUBG and BGMI, is intensifying its commitment to India by launching a substantial growth investment fund. This initiative, named the Unicorn Growth Fund, represents a significant expansion of the company's presence in one of the world's largest internet markets.
The fund is a collaborative effort between Krafton, South Korean internet conglomerate Naver, and investor Mirae Asset. It is slated to deploy up to ₹60 billion (approximately $669.3 million) over a four-year period. With an initial size exceeding ₹30 billion (about $334.6 million), the fund is expected to commence operations in January, managed by Mirae Asset Venture India.
While Krafton has historically invested in gaming and content, this new fund signals a strategic shift. Investments will target a broader spectrum of technology startups, aiming to build a lasting presence in India's rapidly evolving digital landscape. This move follows Krafton's past investments totaling over $200 million in Indian companies across gaming, content, and fintech sectors.
