Mirae Asset Venture India, the private investing arm of South Korea’s Mirae Asset Financial Group, has appointed Puneet Kumar as its chief executive officer. Kumar succeeds Ashish Dave, who exited the firm in mid-2025.
In his new role, Kumar will lead Mirae Asset’s venture capital and private investing platform in India. The firm said he will focus on refining investment strategy, strengthening collaboration with Mirae Asset’s global venture teams, and deepening engagement with founders and co-investors in the Indian market.
Mirae Asset Venture India invests across sectors including technology platforms, consumer businesses, artificial intelligence and deep technology. Its India portfolio includes companies such as stock-trading app Dhan, ecommerce grocery firm BigBasket, logistics platform Shadowfax, social media company ShareChat and fintech startup KreditBee.
As of November 30, 2025, the firm’s private investing business in India managed more than ₹1,477 crore in assets under management across two Category II Alternative Investment Funds. Globally, Mirae Asset’s venture capital vertical manages about $4.4 billion in assets.
The appointment comes as Mirae Asset steps up its India-focused technology investments. Recently, South Korean gaming major Krafton announced an India-focused technology fund in partnership with Naver and Mirae Asset, with a significant portion expected to be managed by the India venture team.
Before joining Mirae Asset Venture India, Kumar was a managing director at Steadview Capital, where he worked on private technology investments, several of which later went public. He earlier served as a vice president at Nexus Venture Partners, focusing on SaaS, consumer and new-age technology companies.
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