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PUBG maker Krafton, Naver, Mirae Asset to set up Rs 6,000-crore fund to invest in Indian startups

IndianStartupNews

IndianStartupNews · 1d ago

PUBG maker Krafton, Naver, Mirae Asset to set up Rs 6,000-crore fund to invest in Indian startups

South Korean gaming company Krafton, along with Naver and Mirae Asset, is establishing a Rs 6,000-crore investment fund focused on Indian startups. Known as the KRAFTON-NAVER-MIRAEASSET Unicorn Growth Investment Fund, it will support growth-stage tech companies in India, with operations expected to begin in January 2026. Krafton will contribute Rs 1,230 crore initially, with further investments from partners, highlighting India's strategic importance in their Asia investment plans and Krafton’s widening presence in the region.

Related News

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

Entrackr

Entrackr · 2d ago

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

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.

PUBG Battlegrounds maker Krafton eyes major expansion in India: Report - The Economic Times

Economic Times

Economic Times · 3m ago

PUBG Battlegrounds maker Krafton eyes major expansion in India: Report - The Economic Times

Krafton, the maker of PUBG: Battlegrounds, is planning a major expansion in India, viewing it as a key opportunity amid slowing growth in the US and China. The company plans to invest at least $50 million annually and is exploring acquisitions in India, where PUBG remains highly popular. With the ban on Chinese gaming companies and India's large youth population, Krafton sees India as one of its top markets globally despite challenges such as price sensitivity.

Gaming firm Krafton backs South Korean IMM Investment's maiden India fund

Economic Times

Economic Times · 1y ago

Gaming firm Krafton backs South Korean IMM Investment's maiden India fund

Krafton India, the local unit of the South Korean maker of Battlegrounds Mobile India, has become the anchor investor in IMM Investment's maiden India fund. The fund will focus on backing startups across sectors such as consumer tech, SaaS, fintech, gaming, media, and deep tech. Krafton India's strategy includes a fund-of-funds approach, allowing it to tap into high-potential sectors beyond its core focus. So far, Krafton has invested about $170 million in several Indian startups.

NFO Alert: Mirae Asset Mutual Fund launches funds focused on dynamic allocation and financial sector fixed income strategy

Economic Times

Economic Times · 6m ago

NFO Alert: Mirae Asset Mutual Fund launches funds focused on dynamic allocation and financial sector fixed income strategy

Mirae Asset Mutual Fund has launched two new funds: Mirae Asset Income Plus Arbitrage Active FOF and Mirae Asset CRISIL IBX Financial Services 9-12 Months Debt Index Fund. The first fund offers dynamic allocations between arbitrage and debt funds, adapting to market conditions. The second follows a low-risk strategy, tracking high-quality, short-term AAA-rated financial instruments. Both funds focus on providing tax-efficient, stable returns during volatile market conditions, with a minimum initial investment of ₹5,000.

Chinese robot maker AGIBot completes new round of financing - The Economic Times

Economic Times

Economic Times · 4m ago

Chinese robot maker AGIBot completes new round of financing - The Economic Times

Chinese humanoid robot maker AGIBot has completed a strategic financing round with investors including LG Electronics and Mirae Asset. The company did not disclose the funding amount. This marks LG Electronics' first investment in the embodied intelligence sector. AGIBot, recognized when Chinese President Xi Jinping inspected its robots during a Shanghai visit, is among several emerging Chinese humanoid robot startups.

Indian investors must look abroad for AI, semiconductors, EV themes: Vaibhav Shah of Mirae Asset

Economic Times

Economic Times · 3m ago

Indian investors must look abroad for AI, semiconductors, EV themes: Vaibhav Shah of Mirae Asset

The Mirae Asset Global Allocation Fund, operating through GIFT City, emphasizes the importance of international diversification for Indian investors. Vaibhav Shah of Mirae Asset highlights that major investment themes like AI, semiconductors, electric vehicles, and blockchain have limited exposure in India. By diversifying globally, investors can access high-performing markets and mitigate risks such as currency fluctuations. The fund strategically balances investments between developed and emerging markets, aiming for well-adjusted returns amid evolving market conditions.

Fintech-focused venture fund Cedar-IBSi Capital secures funding from Hades Group

Economic Times

Economic Times · 1y ago

Fintech-focused venture fund Cedar-IBSi Capital secures funding from Hades Group

Cedar-IBSi Capital, a fintech-focused venture capital fund, has secured funding from Middle East-based asset management firm Hades Financial Private Capital Group (HFPCG). This marks the second major institutional investor for the fund set up by Cedar and IBS Intelligence. The fund aims to be HFPCG's primary source of fintech exposure. Cedar-IBSi Capital will invest in around 15 early-stage startups focused on technology in banking, with an initial check size of $500,000 to $1 million. The fund will prioritize entrepreneurs and enterprise fintechs solving problems within financial services companies.

PUBG maker Krafton is turning into an ‘AI first’ developer

The Verge

The Verge · 1m ago

PUBG maker Krafton is turning into an ‘AI first’ developer

Krafton, the developer of games like PUBG, is adopting an "AI First" strategy, planning to invest nearly $70 million in a GPU cluster. This move aims to automate workflows, enhance AI research and development, and integrate AI in gaming services. The company intends to complete its AI platform by next year, investing around ₩30 billion annually to incorporate AI tools in employee tasks and restructure HR and organizational practices to support this strategy.

Krafton enters Indian casual gaming segment with CookieRun, plans $140 million investment in startups

Economic Times

Economic Times · 1y ago

Krafton enters Indian casual gaming segment with CookieRun, plans $140 million investment in startups

Korean gaming company Krafton announced its foray into the casual gaming segment with the launch of CookieRun in India. The game will feature India-themed characters and is tailored for Indian players. Krafton also revealed plans to invest $140 million in Indian gaming and entertainment startups over the next 12-18 months. The company aims to introduce 3-4 new game titles in India by 2025 and will onboard startups through its Krafton India Gaming Incubator (KIGI) program.

NFO Alert: Mirae Asset Mutual Fund launches Nifty India Internet ETF

Economic Times

Economic Times · 6m ago

NFO Alert: Mirae Asset Mutual Fund launches Nifty India Internet ETF

Mirae Asset Mutual Fund launched the Mirae Asset Nifty India Internet ETF, an open-ended scheme tracking the Nifty India Internet Total Return Index. The ETF opened for subscription on June 18 and closed on June 25, with continuous sale and repurchase starting on July 2. It allows investors to engage in India’s growing internet economy by investing in a mix of large, mid, and small-cap companies focused on online platforms. Managed by Ekta Gala and Akshay Udeshi, the minimum initial investment is Rs 5,000.

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