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Mirae Asset Venture Opportunity Fund II first close at ₹1,125 Cr

By Startup Enthusiast · 13 August 2026

What they do

Mirae Asset Venture Investments India is the India-focused venture capital arm of South Korea's Mirae Asset Financial Group

Its Opportunity Fund II marked a first close of ₹1,125 crore ($117.9 million), with Unicorn Growth Fund as a backer

The fund targets a total corpus of ₹1,800 crore with a green shoe option of ₹700 crore, investing in growth-stage startups from Series B to Series D

Mirae Asset Venture Investments India announced the first close of its Mirae Asset Venture Opportunity Fund II at ₹1,125 crore ($117.9 million).
The fund's target corpus is ₹1,800 crore with an additional green shoe option of ₹700 crore.
The fund is backed by Unicorn Growth Fund, a ₹6,000 crore India-focused tech fund launched in April 2026 by Naver and KRAFTON.
The fund will invest in startups at Series B to Series D stages.
It will focus on sectors such as consumer tech, AI, SaaS, deeptech, advanced manufacturing, and consumer discretionary.
After the first close, the fund will raise more domestic capital to reach its full target corpus.
Mirae Asset Venture Opportunity Fund II is Mirae Asset's third dedicated India-focused private fund.

Growth-stage capital investments are drawing attention because the market lacks enough domestic capital for companies moving from early traction to expansion.
H1 2026 growth-stage funding rose 15% year-on-year to $2.3 billion (Inc42 report).
Physis Capital closed its maiden fund at ₹400 crore ($48 million) in May 2026.

Mirae Asset Venture Investments India is the India-focused venture capital platform of South Korea's Mirae Asset Financial Group.
It is based in Mumbai and has been active in India for eight years.
The firm invests from Series A to pre-IPO, with cheque sizes between $5 million and $50 million.
Its global parent has $378 billion+ in assets under management as of March 2026.
Mirae Asset Financial Group has a presence in 21 countries as of March 2026.
The platform has 15+ portfolio companies as of March 2026.
Portfolio includes Zomato (IPO), OLA (Late Stage), BigBasket (Late Stage), Unacademy (Growth), Jupiter (Growth), and ShareChat (Growth).

The fund will raise more domestic capital towards its full target corpus of ₹1,800 crore.
It will back businesses with product-market fit entering their next scale phase.

Unicorn Growth Fund (investor) — A ₹6,000 crore India-focused tech fund launched in April 2026 by Naver and KRAFTON.