Krafton anchors IMM's India fund; Sugar Cosmetics gets first cheque via secondary deal
South Korean PE-VC platform IMM Investment, backed by BGMI-maker Krafton, has launched its maiden India fund and picked Mumbai-based Sugar Cosmetics for its debut bet — a secondary transaction signaling fresh foreign capital flowing into India's IPO-ready D2C beauty pack.
What happened
Sugar Cosmetics · Krafton anchors IMM Investment's maiden India fund targeting growth-stage IPO-ready companies. The fund's first investment is a secondary
Key facts
- $7 billion AUM
Why this matters
A Korean PE-VC anchoring its India fund in beauty opens a new corridor for cross-border partnerships, distribution tie-ups, and potential strategic M&A in the category.
Also reported by
- Moneycontrol · Results — Same time
- Moneycontrol · Results — Same time