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The Amerindic arm of play firm Krafton has back IMM Investment ’s first India store as an backbone limited mate .
Seoul - based IMM Investment , an early backer of Krafton and an investor in roughly half of South Korea ’s unicorn , has commemorate the first finale of the India fund and has hired former Legend Capital partner Prakhar Khanduja to take to the woods it .
Nihansh Bhat , lead of corporate development for Krafton India , told TechCrunch that IMM ’s investment would assist the gaming society tap unexampled business organisation categories and sectors . He said the house will continue looking for alike chance in the country .
This is the third venture firm that Krafton has indorse in India , after 3one4 Capital and Lumikai . Krafton has empower more than $ 170 million in the country and earmarked another $ 150 million for investing .
Khanduja said IMM Investment India will look to back startups at the Series A microscope stage or later , operating in sector such as consumer , tech , SaaS , fintech , gambling , media , and cryptic tech . The Indian social unit ’s first investment funds was in Sugar , a leading cosmetics brand .
