PUBG Maker Krafton Leads $666 Million South Korean Investment in India’s Tech Sector

The South Korean company Krafton, which developed the very popular Battlegrounds Mobile India (BGMI), is going to be the main investor in the $666 million investment fund in Asia together with the South Korean tech companies Naver and Mirae Asset. Through the partnership, the company hopes to invest in the tech region of the India market primarily.

The announcement of this “Unicorn Growth Fund” is a clear indication of South Korea’s efforts to gain an economic foothold in India. According to government statistics, during the period up to mid-2025, the total foreign direct investment (FDI) from South Korea amounted to about $6.8 billion, which is indicative of the strategy adopted by Seoul to develop new supply lines and customers outside of China.

The fund’s activities will be overseen by Mirae Asset Venture India, and it will likely begin its work in January 2026 with the first tranche of $333 million before expanding to the whole $666 million. This represents a significant first step for the three South Korean companies to come together in the Indian market.

Krafton has already made its mark in India, where it has invested more than $200 million, mainly in the gaming sector which is being affected by regulatory uncertainties. BGMI, the mobile version of the world-famous PUBG has been downloaded more than 240 million times, but it has had to deal with temporary bans due to data security issues. The game was brought back to life in India following the 2020 ban of PUBG Mobile, which was banned on grounds of sharing data with Chinese parties.

With this new fund, Krafton, Naver, and Mirae Asset aim to tap into India’s rapidly growing tech and startup ecosystem, fostering innovation beyond gaming while expanding South Korea’s economic influence in the region.