Overview
- The Unicorn Growth Fund will prioritize emerging tech in India and Korea while expanding into consumer goods, health care and sports beyond gaming.
- The partners are targeting up to 1 trillion won ($666–$676 million), scaling from an initial pool exceeding $333 million.
- Assets under management will start at 500 billion won, including a 200 billion won commitment from Krafton.
- The vehicle marks the first major collaboration among the three in India and builds on Naver and Mirae Asset’s earlier regional investments.
- Krafton has invested over $200 million in India and grown Battlegrounds Mobile India, which has faced temporary restrictions over data-security concerns as part of a volatile regulatory landscape.