Mirae Asset Venture closes MAVOF II India fund at ₹1,125 crore

Mirae Asset helps businesses get the money they need to grow.

It has started a new savings pool, called a fund, named MAVOF II.

So far, the fund has collected ₹1,125 crore from investors.

The company hopes to collect ₹1,800 crore in total.

This money will help Indian companies that already have good products.

These companies want to grow bigger and become market leaders.

The fund was started with help from partners like Naver and KRAFTON.

It will support businesses working on technology, artificial intelligence, software and manufacturing.

The CEO, Puneet Kumar, says many growing companies need extra money at an important stage.

Mirae Asset has been helping Indian companies for eight years already.