KRAFTON India has become the anchor investor in IMM India Fund by South Korea's IMM Investment.
IMM Investment's India-focused fund aims to support growth stage Indian companies in sectors like consumer tech, SaaS, fintech, gaming, media, and deeptech.
The IMM India Fund has made its first investment in Vellvette Lifestyle, the parent company of Sugar Cosmetics.
KRAFTON India has invested approximately $170 Mn in various Indian startups, and the collaboration with IMM Investment aims to accelerate growth for Indian startups.