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The Economic Times
The Economic Times

Mirae Asset Venture raises Rs 1,125 crore in first close of new India-dedicated fund

Mirae Asset ET Mirae India

Mirae Asset Venture Investments India, which has backed new-age companies such as Shadowfax, Dhan, Snabbit and KreditBee, has raised Rs 1,125 crore in the first close of its second flagship fund for India, as it looks to back startups in the early-growth stages amid a tougher funding environment for technology companies.

The Mirae Asset Venture Opportunity Fund-II has a target corpus of Rs 1,800 crore. This compares with the investment firm’s first flagship fund, which had a corpus of Rs 370 crore, and a late-stage vehicle it launched with a corpus of Rs 700 crore.

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