Mitsubishi UFJ Financial Group (MUFG) announced the consolidation of its Ganesha Fund with Dragon Funds to streamline investment operations in India. The combined entity is targeting a $600 million second fund focused on growth-stage technology companies globally, with a particular emphasis on the Indian market, according to livemint.com.
The integration of Ganesha Fund's operations into Dragon Funds aims to enhance MUFG’s investment processes and strengthen its position as a bridge between Japanese and global investors and India’s startup ecosystem. MUFG Bank, a subsidiary of MUFG, will play a key role in managing the new fund, which is expected to accelerate capital deployment into promising technology ventures, livemint.com reported.
This move comes as part of MUFG’s broader strategy to deepen its footprint in the fast-growing Indian startup sector, which has attracted significant foreign investment in recent years. The $600 million fund will focus on growth-stage companies, aligning with global trends where investors prioritize scalable tech businesses. The consolidation is expected to improve operational efficiency and investment impact, positioning MUFG alongside other major global investors active in India’s technology space, per livemint.com.
The new $600 million fund is currently in the fundraising phase, with MUFG aiming to leverage its combined expertise and network to support technology companies at critical growth stages. The consolidation was announced on June 24, 2026, marking a strategic milestone in MUFG’s global investment approach, according to livemint.com.