Mirae Asset Venture Fund II Raises ₹1,125 Cr in First Close
By Business Desk
Mirae Asset Venture Opportunity Fund II successfully closes its first round at ₹1,125 crore, targeting high-growth Indian tech, AI, and manufacturing companies.
Mirae Asset Venture Investments India (MAVI India) has successfully completed the first close of its Mirae Asset Venture Opportunity Fund II, securing Rs 1,125 crore towards its Rs 1,800 crore target corpus.
Deal Snapshot
Fund: Mirae Asset Venture Opportunity Fund II.
First Close: Rs 1,125 crore.
Target Corpus: Rs 1,800 crore.
Support: Unicorn Growth Fund, launched with Naver and Krafton.
This new fund aims to inject capital into high-growth Indian companies.
These firms must have already validated their product-market fit and are now poised for significant expansion and scaling within the ecosystem.
Target Sectors
Investments will primarily target early-growth businesses across several key sectors:
Technology Platforms.
AI/Software.
Deep Tech.
Advanced Manufacturing.
Consumer Discretionary.
MAVI India boasts an active eight-year investment history in the Indian market.
Their portfolio includes prominent names like Shadowfax, Raise (Dhan), and Kreditbee.
Bridging the Growth Capital Gap
Puneet Kumar, CEO of Mirae Asset Venture Investments (India), highlighted the evolving landscape of Indian innovation.
He noted that companies are now focused on building sustainable market leadership, addressing a crucial gap for Series B-D stage growth capital.
Through this Opportunity Fund II, the firm is set to partner with founders at a pivotal juncture, enabling the establishment of large, enduring enterprises in India and globally.