New fund · Professional & Local Services

Unicorn Growth Fund launches with ₹6,000 crore

By Startup Enthusiast · 21 April 2026

What they do

The fund invests in growth-stage Indian startups across technology, consumer, AI and deeptech

It was officially launched after meetings with India's and South Korea's commerce ministers

Backed by KRAFTON and Naver, it offers Indian startups access to Korean and Asian markets

The Unicorn Growth Fund was officially launched after meetings between India's commerce minister Piyush Goyal and South Korea's trade minister Jung Kwan Kim.
The fund size is ₹6,000 crore ($642 million).
It was first announced in December 2025.
It is among the largest capital pools raised from Asia for India's startup ecosystem.
The fund targets growth-stage companies in four areas: technology platforms, consumer-focused businesses, AI and software, and deeptech.
It provides access to expertise in product development, gaming, and AI from KRAFTON and Naver.
It offers Indian startups pathways into Korean and broader Asian markets.

The fund aims to back companies with potential to become global category leaders.
Mirae Asset Venture Investments previously backed Indian startups in fintech, mobility, healthcare, and AI.
The partnership brings together South Korean tech giants KRAFTON and Naver.

The fund invests in growth-stage companies in India.
It covers technology platforms including consumer internet, digital marketplaces, and next-gen infrastructure.
It targets consumer discretionary businesses such as digitally native brands and new-age companies for India's growing middle class.
It invests in AI and software including generative AI, applied AI, enterprise SaaS, and developer tools.
It also covers deeptech spanning semiconductors, robotics, spacetech, and advanced materials.

The fund aims to back companies with potential to become global category leaders.
It provides access to expertise in product development, gaming, and AI from KRAFTON and Naver.
It offers Indian startups pathways into Korean and broader Asian markets.

KRAFTON Inc. (partner) — South Korean tech firm
Naver Corporation (partner) — South Korean tech firm
Mirae Asset Venture Investments (fund manager and advisor) — Fund manager and advisor for the Unicorn Growth Fund