Krafton, the company renowned for the battle royale game BGMI, has become an anchor limited partner in IMM Investment’s initial India fund.

This development signifies Krafton’s ongoing expansion into the South Asian market.

IMM Investment, based in Seoul, has backed nearly half of South Korea’s unicorn startups.

The firm has completed the initial closing of its India fund with former Legend Capital partner Prakhar Khanduja managing local operations.

IMM Investment India targets Series A startups and beyond in sectors like consumer brands, technology, SaaS, fintech, gaming, media, and deep tech.