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Krafton, Naver and Mirae Asset plan Rs 6,000 Cr India focused fund

EntrackrEntrackr · 23d ago
Krafton, Naver and Mirae Asset plan Rs 6,000 Cr India focused fund
Medial

Krafton, Naver and Mirae Asset plan Rs 6,000 Cr India focused fund South Korean gaming company Krafton, known for Battlegrounds Mobile India (BGMI), has announced a new India focused technology investment fund in partnership with Naver and Mirae Asset, with a target corpus of up to Rs 6,000 crore. The vehicle, named the Unicorn Growth Fund, will place India at the core of its Asia investment strategy and signals Krafton’s intent to deepen its presence beyond gaming into wider technology and innovation sectors. The fund is expected to begin operations in January 2026. The announcement builds on Krafton’s established footprint in India, where it has invested over $200 million across gaming and digital startups since 2021. Its portfolio in the country spans companies such as hyperlocal community platform Shuru, fintech firm Cashfree Payments and game studio Nautilus Mobile, where Krafton acquired a controlling stake. Battlegrounds Mobile India has further strengthened the company’s position in the market, recording hundreds of millions of downloads and playing a central role in the growth of India’s mobile gaming ecosystem. Krafton’s broader investment narrative in India dates back to August 2023, when it committed to deploy $150 million into Indian gaming and entertainment startups over a two to three year period. The focus at the time was on early stage studios, esports platforms, multimedia content ventures and allied segments. Prior to that, between March 2021 and mid 2023, Krafton had invested around $140 million across 11 Indian startups such as Nodwin Gaming, Loco, Kuku FM and Pratilipi. With the new fund, Krafton is widening its investment lens to technology companies with scalable innovation potential. The partnership brings together NAVER’s platform and content expertise and Mirae Asset’s capital management capabilities to form a structured investment platform aimed at backing India’s tech ecosystem and supporting Krafton’s long term objectives in the market.

Former Steadview MD Puneet Kumar joins Mirae Asset Venture India as CEO

EntrackrEntrackr · 10d ago
Former Steadview MD Puneet Kumar joins Mirae Asset Venture India as CEO
Medial

Former Steadview MD Puneet Kumar joins Mirae Asset Venture India as CEO In his new role, Kumar will lead the firm’s venture investing platform, which backs companies aligned with the group’s long-term innovation and growth strategy. Mirae Asset Venture Investments (India) Private Limited, the private investing arm of Mirae Asset Global Investments Korea, has appointed Puneet Kumar as Chief Executive Officer of its venture capital and private investing business. Mirae Asset invests in startups across sectors such as technology platforms, consumer, artificial intelligence, and deep technology. Its past investments include Eternal (Zomato), Raise (Dhan), Shadowfax, and KreditBee. In India, the private investing business manages more than Rs 1,477 crore in assets under management across two Category II Alternative Investment Funds, as of November 30, 2025. Globally, Mirae Asset’s venture capital vertical manages $4.4 billion in assets. Before joining Mirae Asset, Kumar was Managing Director at Steadview Capital, a global technology-focused hedge fund with over $3 billion in assets under management. He spent more than six years at the firm, investing across public and private equities with a primary focus on India. Steadview’s private technology portfolio includes Dream11, Nykaa, Unacademy, Freshworks, Ola, Urban Company, PolicyBazaar, Zomato, Lenskart, Chargebee, Zenoti, Innovaccer, INDmoney, Atomberg, Zetwerk, and Ultrahuman. Earlier, Kumar served as Vice President at Nexus Venture Partners between 2017 and 2019, where he was involved in investments across SaaS, consumer, agritech, gaming, and new-age consumer companies, including Observe.ai, Rapido, Pando, Squadcast, Maximl, LiveHealth, and Intello Labs. Mirae Asset said it plans to scale up its private investing business in India in the coming years.

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