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Several domestic and global institutional investors including Mirae Asset Mutual Fund and SBI Life Insurance bought the shares.
Nexedge plans to use the fresh capital to strengthen its technology platform, expand its senior banker network and increase its presence across India, including in tier-II and tier-III cities.
Beyond capital, the fund aims to offer portfolio companies strategic guidance and domain expertise from KRAFTON's gaming and platform experience and Naver's product and AI capabilities.
Prior to this appointment, Kumar was managing director of Steadview Capital.
Jitendra Gupta, founder, Jupiter Money, also invested in the round in his personal capacity.
