# Mirae Asset Venture closes first tranche of second India fund at Rs 1,125 crore

2026-08-13T16:44:51+00:00 | Business & Economy | Indian Opinion Desk

Corroboration: 2 independent outlets

Mirae Asset Venture Investments (MAVI India), the Indian arm of South Korea's Mirae Asset Financial Group, has marked the first close of its latest fund, Mirae Asset Venture Opportunity Fund II (MAVOF II), at Rs 1,125 crore. The fund, which has a target corpus of Rs 1,800 crore, also carries a green shoe option of Rs 700 crore. MAVOF II is backed by the Unicorn Growth Fund, a Rs 6,000 crore India-focused technology fund MAVI India launched earlier this year with Naver and KRAFTON. The fund will target early-growth businesses at Series B to D stages in sectors such as AI, software, deeptech, advanced manufacturing, and consumer discretionary.

## Coverage

- thehindubusinessline.com <https://www.thehindubusinessline.com/markets/mirae-asset-venture-closes-mavof-ii-at-1125-cr/article71341392.ece>
- inc42.com <https://inc42.com/buzz/mirae-asset-venture-investments-marks-first-close-of-fund-ii-at-%E2%82%B91125-cr/>

Tags: early-growth, India, MAVOF II, Mirae Asset, startup funding, venture capital
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