Krafton Backs IMM Investment’s Maiden India Fund with Strategic Partnership

**Krafton Backs IMM Investment’s Maiden India Fund with Strategic Partnership**

Krafton Strengthens Presence in India

The India unit of gaming firm Krafton has made a significant move by backing IMM Investment’s maiden India fund as an anchor limited partner. This strategic partnership is part of Krafton’s efforts to broaden its investment bets in the South Asian market.

Partnership Details

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. The firm has hired former Legend Capital partner Prakhar Khanduja to run the local unit.

Investment Goals

Nihansh Bhat, lead of corporate development for Krafton India, highlighted the importance of the investment, stating that it would help the gaming company tap into newer business categories and sectors in India. This is the third venture firm that Krafton has backed in India, and the company will continue to evaluate similar opportunities in the future.

IMM Investment’s India Fund

IMM Investment’s India fund will focus on backing startups operating at a Series A-level or beyond in sectors including consumer brands and tech, SaaS, fintech, gaming, media, and deeptech. The India unit has already made its maiden investment in Sugar, a leading cosmetics brand.

Krafton’s Investment Plans

Krafton has invested a significant amount in India and has earmarked another substantial investment for the country. With this strategic partnership, Krafton is set to further expand its presence in the Indian market, exploring new business opportunities and investments.