NEW DELHI
Leading South Korean companies have announced a major investment fund worth $476.4 million to support fast-growing technology firms in India. The fund, called the Unicorn Growth Fund, was launched by Naver, Krafton, and Mirae Asset Group. The initiative will focus on sectors like artificial intelligence, fintech, and digital content. Officials from both countries attended the launch event held in New Delhi, highlighting growing business ties. The fund began earlier this year with an initial investment and is expected to grow further. Company leaders said India’s strong talent pool and startup ecosystem make it an ideal place for such investments. In a related move, Naver signed an agreement with Tata Consultancy Services to explore opportunities in AI and digital services. This partnership aims to boost innovation and expand business in India. Experts believe these steps will strengthen India’s position as a global technology hub.