Investor Profile: IMM Investment — Thesis, Cheque Size & How to Apply

IMM Investment funding is about to become a familiar phrase in Indian boardrooms. The Seoul-based alternative-investment giant — managing close to $7 billion across venture capital, growth equity and infrastructure — has launched a maiden India-dedicated fund anchored by gaming major Krafton, and in September 2026 it joined the $100 million Series C of spacetech startup Pixxel, India's largest spacetech round to date. If you are drawing up your list of angel investors in india, IMM now belongs on the institutional side.

Thesis & focus

First founded as a venture capital firm in September 1999, IMM Investment describes itself as one of the leading multi-asset alternative investment firms in Asia. Its model is partnership-driven: take meaningful stakes, work shoulder-to-shoulder with management, and create value through follow-on support. CEO Ji Sung-bae has put it bluntly: "The investing part is easy. It's the follow-up support that's difficult."

Sectors & stages

The portfolio spans information technology, healthcare and biotech, and manufacturing, from early venture rounds through growth and infrastructure. Its VC division — ranked among the top five VC fund managers in Korea — runs 26 VC funds (about KRW 1,750 billion under management) alongside 30 private equity funds (about KRW 7,310 billion). The new India vehicle targets consumer brands, consumer tech, SaaS, fintech, gaming, media and deeptech, focusing on growth-stage companies with a clear path to an IPO.

Fund size & cheque size

IMM Investment reports total assets under management of about $7 billion as of December 2024, with the VC division alone managing roughly $1.5 billion and aiming to cross $1.7 billion. The size of its maiden India fund has not been publicly disclosed; Krafton is confirmed as the anchor investor. In India, the firm has already written its first cheque — a reported $3 million investment in beauty brand Sugar Cosmetics.

Notable portfolio

IMM's Korean track record includes early bets on Celltrion (over 200 billion won invested since 2007), Woowa Brothers (Baedal Minjok), Bluehole (the studio behind Krafton), WeMakePrice, plus NYSE-listed Coupang, Bucketplace and Musinsa. Its India footprint is young but deliberate: the $100 million Pixxel Series C and Sugar Cosmetics.

Key people

The firm is led by CEOs Jang Dong-woo and Ji Sung-bae, with Jung Il-bu as CIO and Lee Seung-hwan, vice president, heading the VC division. India investments are run by Prakhar Khanduja, managing director and head of India investments. The firm operates overseas offices in Hong Kong, Singapore and Japan.

Programs, credits & perks

IMM does not run a public accelerator or publish a startup-credits catalogue. Its equivalent of a program is structural: overseas offices double as fundraising and partnership hubs (IMM Investment Singapore plays this role), portfolio companies get active help with business expansion and follow-on capital.

How to apply for funding

There is no public application form explaining how to get funding from IMM Investment; the firm lists [email protected] as its contact and, in practice, deals flow through introductions — co-investors, bankers and the firm's own sourcing. Founders targeting the India fund should aim for a warm introduction to the India team led by Prakhar Khanduja, ideally timed to a growth-stage round with visible IPO potential.