Korean trio Krafton, Naver, Mirae Asset to set up India-focused fund of up to Rs 6,000 crore

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South Korean gaming company Krafton, internet major Naver, and asset management firm Mirae Asset are setting up an India-focussed investment fund with a target size of up to Rs 6,000 crore, stepping up their bets on India’s technology and startup ecosystem.

The fund, to be named the ‘Krafton Naver Mirae Asset Unicorn Growth Investment Fund’, will back growth-stage technology companies across Asia, with India expected to be a key focus market. It is slated to be launched in January and will be managed by Mirae Asset Venture India.

In a statement on…



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Korean trio Krafton, Naver, Mirae Asset to set up India-focused fund of up to Rs 6,000 crore



South Korean gaming company Krafton, internet major Naver, and asset management firm Mirae Asset are setting up an India-focussed investment fund with a target size of up to Rs 6,000 crore, stepping up their bets on India’s technology and startup ecosystem.

The fund, to be named the ‘Krafton Naver Mirae Asset Unicorn Growth Investment Fund’, will back growth-stage technology companies across Asia, with India expected to be a key focus market. It is slated to be launched in January and will be managed by Mirae Asset Venture India.

In a statement on…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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