STARTUP LEGAL16 Sept 2026
MUFG's Dragon Funds to deepen India-Japan, Asia-Pacific focus; eyes $600 mn fund
Dragon Funds, backed by Japan's largest bank MUFG (Mitsubishi UFJ Financial Group), plans a second fund of $600 million, starting to raise money next year. It will back late-stage startups in India, Japan and Asia-Pacific, writing cheques of $50-80 million. MUFG is also merging its Ganesha Fund into Dragon Funds, so India's startup ecosystem gets a bigger, steadier growth investor.
Key Statutory Highlights
- Dragon Funds' first fund was about $500 million, and $400 million of it is already invested across eight companies.
- About half the first fund's capital went to Indian startups including Moengage, Meesho, Zepto and KreditBee.
- MUFG is folding its Ganesha Fund, which backs Indian startups such as Shiprocket, into Dragon Funds.
Actionable Advice for Taxpayers / Founders:If you run a late-stage startup and want growth capital, you can add Dragon Funds to your investor list, but treat any early talks as unconfirmed and get every term checked by your advisor before signing anything.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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