Mirae Asset Venture Investments India appoints Puneet Kumar as CEO

Mirae Asset Venture Investments (India) has appointed former SteadView Capital managing director Puneet Kumar as the new chief executive officer of its venture capital and private investment business.

Kumar will focus on developing the firm’s investment strategy and making it the investor of choice for startup founders and other venture capital funds.

The appointment comes at a time when India’s venture capital sector is seeing a number of technology-based companies go public and investors are expected to have enough liquidity to invest further in the coming year.

The environment for Mirae’s venture investment business in India has become increasingly competitive over the last few years, requiring the firm to be more aggressive in seeking and signing quality deals.

Kumar’s previous role was at SteadView Capital, where he served as managing director of the technology and India focused fund. During his time at SteadView, the firm has invested in more than 30 companies, including Eternal (Zomato), Nykaa, Freshworks, Innovaccer, Chargebee, Ultrahuman, Atomberg, AEQUS and Moengage. The firm also saw nine of its portfolio companies go public during Kumar’s time there.

Mirae’s venture business invests globally primarily in technology, media and telecommunications (TMT), emerging businesses, life sciences and healthcare, and deep tech as well as energy. Some of its notable investments in India include companies like Eternal (formerly Zomato), Dhan’s parent company Raise, Shadowfax, KreditBee and Big Basket.

The firm’s total assets under management in India have ended ₹1,477 crore in two Category II alternative investment funds in India as of November 30, 2025. The India team is also expected to play a key role in managing a new India-focused technology investment fund announced by South Korean gaming company Krafton in partnership with Naver and Mirae Asset.

While Mirae’s venture investments around the world are mostly directed towards Southeast Asia, Korea and China, there are also a few investments in the USA. Mirae’s global venture capital AUM is also significantly larger, at around $4.4 billion.

Mirae Asset Venture Investments (India) is the private investment arm of South Korea-based Mirae Asset Global Investments, a global financial services group operating in 19 countries and with over $300 billion in assets under management as of November 30, 2025.

“Joining an organization with such a diversified portfolio, a global footprint and a strong management framework offers a unique opportunity to build one of India’s leading private investment franchises,” Kumar said in a statement.