Mirae Asset Venture Investments (India) Pvt Ltd

Profile

Mirae Asset Venture Investments (India) Pvt Ltd, based in India, is the venture capital arm of Mirae Asset Global Investments. The firm is led by CEO Puneet Kumar and benefits from the international support and resources of the Mirae Asset Financial Group. With a focus on technology-led businesses, the team is composed of experienced professionals equipped to support companies as they scale. Mirae Asset Venture Investments distinguishes itself by combining its vast global network with local expertise, aiming to empower high-growth potential companies in various industries.

The fund invests across various stages, from early to late stage, with typical cheque sizes ranging from $5 million to $50 million. While sector-agnostic, the firm particularly focuses on technology platforms, AI and software, deeptech, advanced manufacturing, and consumer discretionary. They operate globally, currently managing over $353 billion in assets under management across 18 markets. Their funds include Mirae Asset Venture Opportunity Fund-I, Late Stage Opportunities Fund, and the new India-Focused Fund III.

Notable investments include Shadowfax - a logistics platform, Raise (Dhan) - a wealth management app, KreditBee - a lending platform, Zomato - food delivery service, and BigBasket - an online grocery store. These investments reflect the firm's commitment to backing category-defining companies with strong growth trajectories and the potential for market leadership.