Mirae Asset Venture Investment: growth-stage cheques for India's scaling startups

Mirae Asset Venture Investments (MAVI) India is the India-focused venture capital platform of South Korea's Mirae Asset Financial Group, one of Asia's largest financial services groups. Based in Mumbai and active in India for eight years, MAVI has become a go-to growth-stage partner for Indian founders — and it is currently deploying its second dedicated India fund.

Fund II: a bigger war chest for scaling startups

MAVI India has marked the first close of its second fund, the Mirae Asset Venture Opportunity Fund II, at ₹1,125 crore ($117.9 million). The fund is backed by the Unicorn Growth Fund and has a target corpus of ₹1,800 crore along with a green-shoe option of ₹700 crore — making it one of the larger dedicated growth-stage vehicles raised for India. According to the company, it is the platform's third dedicated India-focused private fund.

Stages and sectors: Series B to D

The fund targets startups at the Series B to Series D stages — businesses that have already achieved product-market fit and are entering their next phase of scale. Its sector focus spans consumer tech, artificial intelligence, SaaS, deeptech, advanced manufacturing and consumer discretionary. That positioning fills one of the most talked-about gaps in India's venture ecosystem: domestic growth-stage capital for companies moving from early traction to expansion. MAVI India chief executive Puneet Kumar has said the firm wants to partner with founders at this important stage of their journey and help them build large, enduring companies.

The Korean connection

MAVI's edge is its access to both domestic and Korean capital pools. The Unicorn Growth Fund backing Fund II — a ₹6,000 crore India-focused technology fund launched with Korean giants Naver and KRAFTON — illustrates the firm's strategy of bridging Korean institutional capital with Indian startup opportunity. For founders, that means a potential gateway to Korean corporates, technology partnerships and follow-on capital from one of the world's most sophisticated tech ecosystems.

What the firm looks for

MAVI invests in growth-stage companies with fresh ideas and advanced technologies, and supports them with management guidance, consulting and M&A support to help them make the leap toward becoming successful, scaled businesses. If you are a founder with product-market fit, meaningful revenue traction and a clear path to category leadership in consumer tech, AI, SaaS or deeptech, this is squarely a Series B-and-beyond fund worth a conversation.