Mirae Asset Venture Investments Marks First Close Of Fund II At ₹1,125 Cr

Mirae Asset Venture Investments (MAVI) India has successfully closed its second venture capital fund, Mirae Asset Venture Opportunity Fund II, at ₹1,125 Cr ($117.9 Mn). This marks the firm's first close of a dedicated India-focused fund. Backed by Unicorn Growth Fund and boasting a target corpus of ₹1,800 Cr, MAVOF II aims to invest in startups at the Series B to Series D stages across sectors like consumer tech, AI, SaaS, deeptech, advanced manufacturing, and consumer discretionary.

The fund was launched by MAVI India, the India-based venture capital platform of the South Korean Mirae Asset Financial Group, which has been active in India for eight years. MAVOF II is the third dedicated India-focused private fund for MAVI. The investment vehicle is intended to support businesses that have achieved product-market fit and are entering their next phase of scale.

MAVI India's CEO, Puneet Kumar, expressed enthusiasm about partnering with founders at this critical stage of their journey. With the first close of MAVOF II, the firm plans to raise additional domestic capital to reach its full target corpus. The growth-stage capital investment trend in India's venture ecosystem has gained momentum, with multiple institutional firms raising vehicles focused on scaling startups beyond seed-stage bets.