Krafton Hikes India Bet with New $670M Fund
Krafton, a South Korean internet conglomerate, has announced a new $670 million fund to invest in Indian startups. The fund, called the Unicorn Growth Fund, is a collaboration between Krafton and Naver, another South Korean internet giant, and investor Mirae Asset. The fund aims to deploy around $669.3 million over four years.
The Unicorn Growth Fund is a significant investment in the Indian startup ecosystem, which has been growing rapidly in recent years. Krafton's investment in India is a strategic move to tap into the country's large and growing market.
The fund will focus on investing in Indian startups that have the potential to become unicorns, or companies valued at over $1 billion. Krafton's investment in India is a vote of confidence in the country's startup ecosystem and its potential for growth.
Krafton's investment in India is not the only significant development in the country's startup ecosystem. Other major investors, such as Sequoia Capital and Tiger Global, have also been actively investing in Indian startups.
The Unicorn Growth Fund is a significant development in the Indian startup ecosystem, and it is expected to have a positive impact on the country's economy. The fund's investment in Indian startups will create jobs, stimulate innovation, and drive economic growth.
Krafton's investment in India is a strategic move to tap into the country's large and growing market. The company's investment in the Unicorn Growth Fund is a vote of confidence in the Indian startup ecosystem and its potential for growth.
The fund's investment in Indian startups will create jobs, stimulate innovation, and drive economic growth. Krafton's investment in India is a significant development in the country's startup ecosystem, and it is expected to have a positive impact on the country's economy.
The Unicorn Growth Fund is a collaboration between Krafton and Naver, another South Korean internet giant, and investor Mirae Asset. The fund aims to deploy around $669.3 million over four years.
The fund will focus on investing in Indian startups that have the potential to become unicorns, or companies valued at over $1 billion. Krafton's investment in India is a vote of confidence in the country's startup ecosystem and its potential for growth.
The Unicorn Growth Fund is a significant development in the Indian startup ecosystem, and it is expected to have a positive impact on the country's economy. The fund's investment in Indian startups will create jobs, stimulate innovation, and drive economic growth.
Krafton's investment in India is a strategic move to tap into the country's large and growing market. The company's investment in the Unicorn Growth Fund is a vote of confidence in the Indian startup ecosystem and its potential for growth.
The fund's investment in Indian startups will create jobs, stimulate innovation, and drive economic growth. Krafton's investment in India is a significant development in the country's startup ecosystem, and it is expected to have a positive impact on the country's economy.