Gaming firm Krafton backs South Korean IMM Investment's maiden India fund
Krafton India, the local unit of the South Korean maker of Battlegrounds Mobile India, has become the anchor investor in IMM Investment’s maiden India fund.
The IMM India Fund is an extension of IMM Investment, a multi-asset South Korean fund managing $7 billion in assets. It will focus on backing startups across sectors such as consumer technology, software-as-a-service (SaaS), fintech, gaming, media and deep tech.
The fund will primarily target growth-stage companies with strong potential for an initial public offering, leveraging South Korean expertise and capital, said a company statement.
IMM’s investments range from $1 million in seed funding to about $1 billion in growth equity or infrastructure capital.
“Our partnership with IMM marks an exciting new chapter in our journey to foster India’s startup ecosystem. By introducing further South Korean capital, expertise and global perspectives into the Indian market, we aim to help startups in critical sectors scale and thrive, ultimately strengthening India’s position on the world stage,” said Sean Hyunil Sohn, CEO, Krafton India.
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