South Korean Firms Launch Rs 6,000 Crore India Startup Fund Targeting AI And Deeptech Growth

New Delhi, Apr 22, (CXO Media): South Korean technology firms have launched a Rs 6,000 crore fund to back growth-stage startups in India.

KRAFTON Inc., Naver Corporation and Mirae Asset Venture Investments have jointly rolled out the “Unicorn Growth Fund,” a $642 million investment vehicle focused on scaling Indian startups across key technology sectors. The fund’s formal launch followed discussions between India’s Commerce Minister Piyush Goyal and South Korea’s Trade Minister Jung Kwan Kim, signalling continued economic cooperation between the two countries.

The fund, first announced in December, ranks among the larger Asia-backed investment pools aimed at India’s startup ecosystem. It will primarily support growth-stage companies rather than early-stage ventures, reflecting investor preference for startups with established products and market presence.

The Unicorn Growth Fund will focus on four broad sectors-technology platforms, consumer-facing businesses, artificial intelligence and software, and deeptech. Investments in AI and software are expected to cover generative AI tools, enterprise software and developer platforms, while deeptech funding will extend to semiconductors, robotics, spacetech and advanced materials.

The fund will be managed by Mirae Asset Venture Investments, which has previously invested in Indian startups across fintech, mobility, healthcare and AI sectors. Beyond capital, participating firms are expected to provide operational and technical support, particularly in gaming and digital technologies, where South Korean companies have established a global presence.

The initiative also aims to help Indian startups expand into South Korean and wider Asian markets. For investors from South Korea, India’s large developer base, growing digital adoption and expanding consumer market remain key factors driving continued capital inflows into technology-led businesses.