Gaming giant Krafton will lead a new $666 million investment fund in Asia, joining South Korean peers Naver and Mirae Asset. The fund aims to diversify beyond gaming into a broader range of tech startups, primarily in India.
The launch highlights South Korea’s growing economic presence in India. By mid-2025, cumulative South Korean foreign direct investment in India reached around $6.8 billion. Seoul seeks to diversify supply chains and access new consumer markets beyond China.
The “Unicorn Growth Fund” is the first major joint venture between these three South Korean firms in India. Krafton is best known locally for its mobile hit, Battlegrounds Mobile India (BGMI).
Mirae Asset Venture India will manage the fund. It expects operations to start in January 2026 with an initial pool of over $333 million, before scaling to the full $666 million target.
Krafton has already invested more than $200 million in India, including its gaming sector, which often faces regulatory challenges. BGMI has over 240 million downloads but experienced a temporary ban due to data security concerns.
The game was launched after India’s 2020 ban of Krafton’s PUBG, citing fears over data sharing with China.
