Krafton to serve as anchor investor in IMM India Fund

Krafton, the South Korean gaming giant behind BGMI (Battlegrounds Mobile India), has become the anchor investor in IMM Investment 's newly launched IMM India Fund.IMM Investment, a South Korean investment firm with around USD 7 billion in assets under management (AUM), has designed the India fund to focus on growth-stage companies particularly in sectors such as consumer brands, consumer tech, SaaS, fintech, gaming and media, and deeptech.The IMM India Fund aims to support Indian startups that exhibit a clear trajectory toward an IPO. It has already closed its first investment in Vellvette Lifestyle (Sugar Cosmetics).