Krafton Inc. announced that it will establish an Asian investment fund worth up to KRW 1 trillion in partnership with Naver Corp. and Mirae Asset Group. Named the "Krafton-Naver-Mirae Asset Unicorn Growth Fund," this large-scale growth fund will invest in leading technology companies in Asia, including Korea and India.
This fund is a follow-up to the "Asia Growth Fund," jointly established by Naver and Mirae Asset. The previous fund achieved success by investing in global unicorns such as Zomato, India's leading food delivery and quick commerce platform, and Grab, Southeast Asia's largest mobility platform.
Krafton, which has invested over $200 million cumulatively in the Indian digital entertainment market, is joining the Unicorn Growth Fund. Having established a presence in the Indian market through "Battleground Mobile India," Krafton plans to build on this success by expanding its investment areas to encompass platforms, content, and AI. Naver will provide its technological expertise in platforms, content, and AI, while Mirae Asset will manage the fund, leveraging its nationwide network and capital management capabilities.
Son Hyun-il, CEO of Krafton India, stated that his company's participation in this fund will foster collaboration between leading companies in various fields to identify investment opportunities that create sustainable businesses and socio-economic value. Choi In-hyeok, CEO of Naver Tech Business, also expressed his commitment to leveraging Naver's technological capabilities to discover innovative Indian companies and expand the technology ecosystem.
The Unicorn Growth Fund is currently preparing to launch in January of next year, with Krafton contributing an initial investment of 200 billion won. The fund plans to begin operating at a scale exceeding 500 billion won, combining the three companies and external investment.
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