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Krafton backs IMM Investment’s first India fund
The India unit of gaming firm Krafton has backed IMM Investment's maiden India fund as an anchor limited partner as the battle royale BGMI-maker broadens The India unit of gaming firm Krafton has invested in IMM Investment's maiden India fund.
Seoul-based IMM Investment, an early backer of Krafton and roughly half of South Korea’s unicorn startups, has made the first close for India fund and hired former Legend Capital partner Prakhar Khanduja to run the local unit. The firm, which has also backed 3one4 Capital and Lumikai, will continue to evaluate similar opportunities in the future, said Bhat. Khanduja said IMM Investment India will look to back startups operating at a Series A-level or beyond in sectors including consumer brands and tech, SaaS, fintech, gaming, media and deeptech.
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