South Korea’s Krafton, Naver, Mirae Asset launch Rs 6,000-crore India-dedicated fund

Krafton, Naver Corporation, and Mirae Asset have launched a Rs 6,000-crore fund for high-growth Indian startups. The Unicorn Growth Fund will invest in sectors like consumer internet, AI, and deeptech. This partnership signifies a long-term commitment to India's technology ecosystem. Mirae Asset Venture India will manage the fund, aiming to build future Indian technology champions.

Mirae Asset Venture Investments India appoints Puneet Kumar as CEO

Mirae Asset Venture Investments (India) has appointed former SteadView Capital managing director Puneet Kumar as the new chief executive officer of its venture capital and private investing business. Kumar will focus on refining the firm's investment strategy, as well as establishing it as the preferred investor for startup founders and other venture capital funds. The appointment comes at a time when India's venture capital industry is seeing a number of tech-based companies going public, and investors are expected to have ample liquidity to make more investments in the year ahead.