New Delhi, April 21 -- South Korean tech companies Krafton Inc. and Naver Corp. have launched a Rs.6,000 crore India-focused fund to back early-growth-stage technology startups and have roped in Mirae Asset Venture Investments India (MAVI India) to manage it. The Unicorn Growth Fund is one of the largest capital commitments from Asian strategic investors into India's growing startup ecosystem.

"Krafton has been in India for a long time and it's a key strategic growth area for them," Puneet Kumar, chief executive officer at MAVI India, said in an interview with Mint. "We felt that now is the time to double down on the Indian ecosystem. That's what has happened for both Krafton and Naver, over the years."

The commitments are part of a tre...